Property profile

8495 Placida Rd Placida, FL 33946

FOR SALE
Strip malls
Property ID
US18-4847757
24,045 SF 3.82 ac lot Built 1988
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional .63-acre outparcel, located at 8495 Placida Road in Placida, Florida, presents a prime redevelopment opportunity. Currently configured as a five-bay self-serve car wash (equipment not included), this 3,300 square foot property is priced at $895,000 ($271.21 per square foot). The property boasts a highly visible frontage on Placida Road within the bustling Cape Haze Shopping Plaza, ensuring maximum exposure to a substantial customer base. Its strategic location near the popular beach communities of Boca Grande, Palm Island, and Gasparilla Island promises significant potential for high returns. The CG zoning allows for a wide range of uses, providing flexibility for diverse development plans. The property is available for sale and the occupancy date is October 21, 2023. This is an ideal investment for those seeking a high-traffic location with significant development potential in a thriving coastal community. The lot size is 0.63 acres, situated in Charlotte County, Florida, zip code 33946.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1988
Construction CONCRETE BLOCKS
Total area 24,045 SF
Lot 3.82 ac (166,269 SF)
Zoning code CG COMMERCIAL-GENERAL
APN 41-20-34-377-002
UPID US18-4847757

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8495 Placida Rd Placida, FL 33946
Placida metro Census 30505 PUNTA GORDA, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.03M

Owner & transaction history

since 2018
6 recorded transactions
2018
$3.0M
2005
Price N/A
2001
$675,000
1999
$360,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CG COMMERCIAL-GENERAL · Placida, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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