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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    992 Tamiami Trl, Unit J Port Charlotte, FL 33953-3886

    • Office buildings
    • 29,434 SF
    • 3.34 lot acres
    OFF-MARKET
    Last Sale
    Sep 09, 2024
    $3,300,000
    Value Estimations
    $3,300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0511326
    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.

    Current Use by Public Records

    • Therapy Care - Port Charlotte / Physician
    • Rhino's Gym / Gym & Fitness Center
    • Jane Roessler - Cruise Planners / Travel Agency
    • Hair by bri / Hair Salon
    • Grand oak plaza / Business Service Center / Corporate Office

    Property Details for 992 Tamiami Trl

    Year built
    2002
    Construction
    CONCRETE BLOCKS
    Lot size
    3.34 lot acres
    Property size
    29,434 SF
    Zone code
    PD PLANNED DEVELOPMENT
    Property type
    Office buildings
    APN
    40-22-07-101-001
    APU
    402207101001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,300,000
      ML approach
      $3,300,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,139,000
      Market price range: $2.76M - $5.39M
      AI Estimate
      $4,139,000
      Market price range: $2.76M - $5.39M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,850,000
      Current use
      WAREHOUSE, STORAGE
      $4,625,000
      Change: +20% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,335,000
      Change: -13% Conversion: Easy
      RETAIL STORES
      $3,165,000
      Change: -18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.1549
    Latitude
    27.0179
    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
    $60,841
    $0.00
    $0.00
    $2,972,785
    -
    $1,922,458
    $3,612,304
    $5,534,762

    Comparable in this City

    • Value Estimation
      $685,000
      4,584 SF

      1300 Enterprise Dr, Unit D

      OFFICE BUILDING • 4,584 SF
      1300 Enterprise Dr, Port Charlotte, FL 33953-3801
      View Details
    • Value Estimation by Request
      1,584 SF

      340 Tamiami Trl

      PROFESSIONAL BUILDING • 1,584 SF
      340 Tamiami Trl, Port Charlotte, FL 33953-2188
      View Details
    • Value Estimation by Request
      1,600 SF

      328 Tamiami Trl

      PROFESSIONAL BUILDING • 1,600 SF
      328 Tamiami Trl, Port Charlotte, FL 33953-4521
      View Details
    • Value Estimation
      $625,000
      3,418 SF

      770 Tamiami Trl

      OFFICE BUILDING • 3,418 SF
      770 Tamiami Trl, Port Charlotte, FL 33953-3066
      View Details
    • Value Estimation
      $1,335,000
      9,708 SF

      866 Tamiami Trl, Unit 8

      PROFESSIONAL BUILDING • 9,708 SF
      866 Tamiami Trl, Port Charlotte, FL 33953-3104
      View Details
    • Value Estimation
      $795,000
      5,880 SF

      949 Tamiami Trl, Unit 208

      PROFESSIONAL BUILDING • 5,880 SF
      949 Tamiami Trl, Port Charlotte, FL 33953-3170
      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
    • New
      $350,000
      2,555 SF

      Port Charlotte Industrial Flex Unit

      Industrial flex unit with warehouse and office space for sale.
      1434 Market Cir, Port Charlotte, FL 33953
      View Details
    • Contact for pricing
      0.27 Acres

      Residential Lot in Port Charlotte

      Residential lot in growing Port Charlotte, ideal for home or investment.
      15113 Amity Ave, Port Charlotte, FL 33953
      View Details
    • Contact for pricing
      0.33 Acres

      Waterfront Lot in Port Charlotte

      Oversized waterfront lot ready for your dream home.
      1932 Biscayne Dr, Port Charlotte, FL 33953
      View Details
    • Contact for pricing
      0.25 Acres

      Residential Land in Port Charlotte

      0.25-acre lot, ideal for building a dream home.
      12578 Brill Ln, Port Charlotte, FL 33953
      View Details
    • Contact for pricing

      Port Charlotte Land For Sale

      0.23 acre lot in growing Port Charlotte area.
      12040 Judson Ave, Port Charlotte, FL 33953
      View Details

    Similar Nearby for Lease

    • $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
    • 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
    • Contact for pricing
      219,978 SF

      Port Charlotte Office Space Available

      Office space for lease in a prime Port Charlotte location.
      1032 Tamiami Trl, Port Charlotte, FL 33953
      View Details
    • Contact for pricing
      219,978 SF

      Port Charlotte Commercial Space Available

      Commercial space for lease in Murdock Town Center.
      1032 Tamiami Trl, Port Charlotte, FL 33953
      View Details
    • $32 SF/Yr
      3,008 SF

      Tamiami Trail Office Space Available

      Prime Office Space, US 41, 4,042 SF Available
      942 Tamiami Trl, Port Charlotte, FL 33953
      View Details
    • $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
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    Port Charlotte, FL 33953-3886
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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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