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    983 Tamiami Trl Port Charlotte, FL 33953
    Property profile & analytics

    983 Tamiami Trl Port Charlotte, FL 33953

    View on Map
    • Office buildings
    • 3,357 SF
    • 1.69 lot acres
    For Lease
    $16 SF/Yr
    View Listing →
    Versatile Commercial Space Available For Lease
    $16 SF/Yr
    19,597 SF

    Versatile Commercial Space Available

    Adaptable commercial space with prime visibility and functional layout.

    983 TAMIAMI TRAIL, Port Charlotte, FL 33953
    View Listing
    Property ID
    US18-2493779
    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

    • Nickolson's Portrait Studio / Photography Service / (Bike/Boat/Book/etc) Store

    Property Details for 983 Tamiami Trl

    Year built
    1985
    Construction
    CONCRETE
    Lot size
    1.69 lot acres
    Property size
    3,357 SF
    Zone code
    IG INDUSTRIAL-GENERAL
    Property type
    Office buildings
    APN
    40-22-07-108-001
    APU
    402207108001

    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
    -82.1555
    Latitude
    27.016
    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
    $30,592
    $0.00
    $0.00
    $1,484,531
    -
    $1,142,211
    $1,195,536
    $2,337,747

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      687 Tamiami Trl

      PROFESSIONAL BUILDING • 1,200 SF
      687 Tamiami Trl, Port Charlotte, FL 33953-2903
      View Details
    • Value Estimation by Request
      528 SF

      14377 Newcomb Rd

      OFFICE BUILDING • 528 SF
      14377 Newcomb Rd, Port Charlotte, FL 33953-6074
      View Details
    • Value Estimation by Request
      2,486 SF

      360 Tamiami Trl

      PROFESSIONAL BUILDING • 2,486 SF
      360 Tamiami Trl, Port Charlotte, FL 33953-2188
      View Details
    • Value Estimation
      $840,000
      4,586 SF

      750 Tamiami Trl

      PROFESSIONAL BUILDING • 4,586 SF
      750 Tamiami Trl, Port Charlotte, FL 33953-3002
      View Details
    • Value Estimation by Request
      1,947 SF

      311 Tamiami Trlb

      PROFESSIONAL BUILDING • 1,947 SF
      311 Tamiami Trlb, Port Charlotte, FL 33953-4506
      View Details
    • Value Estimation
      $635,000
      4,000 SF

      517 Tamiami Trl

      OFFICE BUILDING • 4,000 SF
      517 Tamiami Trl, Port Charlotte, FL 33953-2180
      View Details

    Similar Nearby for Sale

    • $495,000
      1,993 SF

      Port Charlotte Office Building on US41

      1993 SF office building with US41 frontage in Port Charlotte.
      332 Tamiami Trl, Port Charlotte, FL 33953
      View Details
    • Contact for pricing
      4,720 SF

      US-41 Corridor Retail/Office Building

      Multi-tenant retail/office building with flexible layout and income potential.
      474 S Tamiami Trl, Port Charlotte, FL 33953
      View Details
    • Contact for pricing
      0.23 Acres

      Vacant Land in Growing Area

      Vacant lot in NW Port Charlotte, build or invest.
      14476 Academy Ave, Port Charlotte, FL 33953
      View Details
    • Contact for pricing
      0.23 Acres

      Residential Land in Port Charlotte

      Residential land close to amenities and recreational opportunities.
      1343 Hammacher Ln, Port Charlotte, FL 33953
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      19,597 SF

      Versatile Commercial Space Available

      Adaptable commercial space with prime visibility and functional layout.
      983 Tamiami Trl, Port Charlotte, FL 33953
      View Details
    • $54,000

      Commercial Building For Lease

      Commercial building for lease in Port Charlotte, Florida.
      1580 Market Cir, Port Charlotte, FL 33953
      View Details
    • $2,000 /Mo
      1,054 SF

      Tamiami Trail Commercial Space Available

      1,054 SF commercial space for lease on Tamiami Trail.
      941 Tamiami Trl, Port Charlotte, FL 33953
      View Details
    • $12,000 /Mo

      Commercial Building For Lease

      Commercial building for lease in Port Charlotte, Florida.
      1580 Market Cir, Port Charlotte, FL 33953
      View Details
    • Contact for pricing
      43,560 SF

      Port Charlotte Industrial Building For Lease

      14,128 SF industrial building with office space for lease.
      1242 Market Cir, Port Charlotte, FL 33953
      View Details
    View Listing
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    Port Charlotte, FL 33953
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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.

    More about this property
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