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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Medical Office Space
603 Olympia Ave Punta Gorda, FL 33950-3839
Entity Owned
~
Est. High Equity
Property ID
US18-3673515
Property summary
AI-generated overview
This 1,904 sq ft office building in Punta Gorda, FL, is ideally situated on a 10,920 sq ft lot zoned NC. Currently configured as an engineering firm, it's perfect for a medical office or other professional use, boasting a reception area, large conference room, five offices, storage, two bathrooms, and a kitchen with granite countertops and stainless steel appliances. Plumbing for wet exam rooms is already in place in the back three offices. The property offers ample parking for ten vehicles, including handicap-accessible spaces. Its convenient location provides a short commute to Shore Point Hospital, and easy access to shopping, dining, and I-75. The building remained high and dry during recent hurricanes. This owner/user opportunity presents a single-tenancy building with significant potential. Asking price is $690,000.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,784 SF
Lot
0.25 ac (10,920 SF)
Zoning code
NC
APN
41-23-06-428-001
UPID
US18-3673515
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Consult Engineering, Inc. Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$541k
Blend (final)
Blend
$540k
Owner & transaction history
Perfect Realty LLC
Perfect Realty LLC
since 2025
3 recorded transactions
Zoning & alternative use
NC · Punta Gorda, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$550,000
+29.5%
Auto repair, garage
$500,000
+18.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Punta Gorda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Punta Gorda submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$425,000
Current use
COMMERCIAL (GENERAL)
$550,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$500,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$415,000
Change: -3% · Conversion: Difficult
OFFICE BUILDING
$365,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$303 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,860
Tax year 2023
Assessed value
$255,644
Assessed 2023
Previous assessed
$265,642
-3.8% YoY
Effective rate
1.90%
On assessed value
Land market value
$109,200
Improvement market value
$216,996
Total market value
$326,196
Applied tax rate
154.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Rooms
7
Bathrooms
2
Total area
1,784 SF
Lot
0.25 ac (10,920 SF)
Zoning code
NC
APN
41-23-06-428-001
UPID
US18-3673515
Jurisdiction
CHARLOTTE
Zoning & alternative use
NC · Punta Gorda, FL
Zoning NC · permitted uses
NC · Punta Gorda, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Punta Gorda. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$425,000
COMMERCIAL (GENERAL)
Est. value
$550,000
AUTO REPAIR, GARAGE
Est. value
$500,000
RETAIL STORES
Est. value
$415,000
OFFICE BUILDING
Est. value
$365,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Rooms
7
Bathrooms
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
Perfect Realty LLC
Entity
Mailing address
603 E OLYMPIA AVE, PUNTA GORDA, FL 33950-3839
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2025
$600,000
Perfect Realty LLC
Porter Heritage Properties LLC
Warranty Deed
$480,000 · Suncoast Cu
Dec 27, 2017
$220,000
Porter Heritage Properties LLC
Commercial Properties LLC
Warranty Deed
$208,000 · Charlotte St Bk&tr
Apr 14, 2015
—
Mhm Commercial Properties LLC
Moopen Moideen M & Haleema T
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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