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    942 Tamiami Trl Port Charlotte, FL 33953-3111
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    Property profile & analytics

    942 Tamiami Trl, Port Charlotte, FL 33953-3111

    View on Map
    • Shopping centers
    • 5.64 lot acres
    Off-Market
    Property ID
    US18-6172936
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Casa Church / Church
    • Coastal Church / Church
    • Grande OAKS / Landscaping / General Contractor

    Property Details for 942 Tamiami Trl

    Lot size
    5.64 lot acres
    Zone code
    CG COMMERCIAL-GENERAL
    Property type
    Shopping centers
    Property subtype
    Shopping centers
    APN
    40-21-01-876-000
    APU
    402101876000

    Description

    This exceptional single-story office building, constructed in 2007, offers a prime location on Tamiami Trail (US 41), boasting excellent accessibility and visibility. The property, identified by APN 402101876002, sits on a 0.48-acre lot and is zoned CG. The building itself is a Class B, single-building structure with a total of 23 parking spaces. There are no elevators. Currently, 4,042 square feet of space is available for lease, specifically Unit 303-304, which is currently a dark shell configuration. The landlord is offering this space in a V-shell condition for a net rent of $32 per square foot. The property's strategic location near the El Jo Bean Road intersection further enhances its appeal. This presents a unique opportunity for businesses seeking a well-situated, adaptable office space in a high-traffic area. The building features multiple tenancies, providing flexibility for various business needs. This is an ideal location for businesses seeking high visibility and convenient access to major roadways.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.1575
    Latitude
    27.0186
    CBSA code
    39460
    CBSA name
    PUNTA GORDA, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $116,867
    $116,867

    Comparable in this City

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      0.96 Acres

      1312 Market Cir

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      160 SF

      775 Tamiami Trl

      SHOPPING CENTER COMMON AREA
      775 Tamiami Trl, Port Charlotte, FL 33953-3059
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      0.91 Acres

      1489 Market Cir

      SHOPPING CENTER COMMON AREA
      1489 Market Cir, Port Charlotte, FL 33953-3862
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      0.59 Acres

      1492 Market Cir

      SHOPPING CENTER COMMON AREA
      1492 Market Cir, Port Charlotte, FL 33953-3877
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    • Value Estimation by Request
      2.33 Acres

      1225 Tamiami Trl

      SHOPPING CENTER COMMON AREA
      1225 Tamiami Trl, Port Charlotte, FL 33953-3869
      View Details
    • Value Estimation by Request
      0.96 Acres

      1298 Market Cir

      SHOPPING CENTER COMMON AREA
      1298 Market Cir, Port Charlotte, FL 33953-3859
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      US-41 Corridor Retail/Office Building

      Multi-tenant retail/office building with flexible layout and income potential.
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      View Details
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      Pending

      Commercial Land on Tamiami Trail

      1.89 acres of commercial land with high visibility.
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    Similar Nearby for Lease

    • $1,600 /Mo
      6,510 SF

      Retail Space on US41 Available

      Retail space for rent on US41 in Port Charlotte.
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    • $12,000 /Mo

      Commercial Building For Lease

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    Port Charlotte, FL 33953-3111
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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