Download - Sq Ft Building - LoopNet
©Copyright 2011-2020 CRE Tech, Inc. All Rights Reserved.
Contact:
Jaha Cummings & Regina Melman
Phone : 9416293188Email : [email protected] [email protected]
5000Sq Ft Building300 Tamiami TrailPort Charlotte, Florida 33953
TABLE OF CONTENTSTABLE OF CONTENTS
©Copyright 2011-2020 CRE Tech, Inc. All Rights Reserved. Page 1
2PROPERTY INFO & DISCLAIMER
3PROPERTY DESCRIPTION
4PROPERTY PHOTOS
8INVESTMENT ANALYSIS - 5 YEAR AFTER TAX
14INVESTMENT ANALYSIS - 10 YEAR AFTER TAX
20CHARLOTTE COUNTY, FL CODE OF ORDINANCES C…
25AERIAL & LOCATION REPORT
COMPANY DISCLAIMER©Copyright 2011-2020 CRE Tech, Inc. All Rights Reserved.
PROPERTYINFO:
$1,075,000PURCHASE PRICE:
300 TAMIAMI TRAILPORT CHARLOTTE, FLORIDA 33953
PROPERTY ADDRESS:
YEAR BUILT:
5,000 SQ. FT.PROPERTY SIZE
2.30 ACRESLAND SIZE
5000SQFTBUILDING
Page 2
PROPERTY DESCRIPTIONPROPERTY DESCRIPTIONRare Commercial Investment Opportunity in SWFL! 2.38 Acres of PrimeCommercial Property with US-41 Frontage. Located immediately south of the Kiadealership. Perfect location for a large number of commercial uses. List ofCharlotte County Commercial General (CG) Zoning Entitlements attached. Thissite has public water, public sewer, and electricity. Located next to anothercommercial operation. Financial Analysis is provided based on the construction of a 5000 sq ft buildingbuilt at a cost of $105 sq ft and leased at $15 sq ft. This analysis is based on 75%financing of the project at 4%, amortized over 25 years. These numbers are basedon a 6 month construction period and building under a lease agreement 6months after purchase of the property.Perfect for: Self-Storage, Ice Cream Shop/Franchise, Assisted Living Facility.
©Copyright 2011-2020 CRE Tech, Inc. All Rights Reserved.
5000Sq Ft Building
Port Charlotte Florida 33953
Page 3
5-YEAR CASH FLOW SUMMARY
For the Year EndingYear 1
Sep-2021Year 2
Sep-2022Year 3
Sep-2023Year 4
Sep-2024Year 5
Sep-2025POTENTIAL RENTAL INCOME (PRI)- Vacancy / Credit LossEFFECTIVE RENTAL INCOME+ Other IncomeGROSS OPERATING INCOME (GOI)- Operating ExpensesNET OPERATING INCOME (NOI)
- Depreciation- 1st Lien Interest Deduction- Amortized Loan CostsTAXABLE INCOMEx Federal Marginal Tax Rate (39.6%)x Local Marginal Tax Rate (0%)x Medicare Surtax (3.8%)TAX LIABILITY (Savings)
INITIAL INVESTMENTPurchase Price+ Acquisition Costs- 1st Mortgage+ Total Loan Fees and PointsInitial Investment
MORTGAGE DATA 1ST LIENLoan AmountInterest Rate (30/360)Amortization PeriodLoan TermLoan Fees PointsPeriodic PaymentAnnual Debt Service
NET OPERATING INCOME (NOI)- Capital Expenses / Replacement Reserves- Annual Debt Service 1st LienCASH FLOW BEFORE TAXES- Tax Liability (Savings)CASH FLOW AFTER TAXES
$1,075,000 $21,500
$806,250 $8,062
$298,312
$806,250 4.000%
25 Years 25 Years
1.00% $4,255.68
$51,068
$37,500 $75,000 $78,750 $82,688 $86,822 $1,875 $3,750 $3,938 $4,134 $4,341
$35,625 $71,250 $74,813 $78,553 $82,481 $0 $0 $0 $0 $0
$35,625 $71,250 $74,813 $78,553 $82,481 $3,563 $7,125 $7,481 $7,855 $8,248
$32,062 $64,125 $67,332 $70,698 $74,233
$18,861 $19,681 $19,681 $19,681 $19,681 $31,901 $31,120 $30,308 $29,462 $28,581
$322 $322 $322 $322 $322 ($19,023) $13,002 $17,021 $21,233 $25,649 ($7,533) $5,149 $6,740 $8,408 $10,157
$0 $0 $0 $0 $0 ($723) $494 $647 $807 $975
($8,256) $5,643 $7,387 $9,215 $11,132
$32,062 $64,125 $67,332 $70,698 $74,233 $0 $0 $0 $0 $0
$51,068 $51,068 $51,068 $51,068 $51,068 ($19,006) $13,057 $16,264 $19,630 $23,165 ($8,256) $5,643 $7,387 $9,215 $11,132
($10,750) $7,414 $8,877 $10,415 $12,033
Fiscal Year Beginning October 2020
5000 Sq Ft Building300 Tamiami Trail, Port Charlotte, Florida, 339535-YEAR AFTER TAX CASH FLOW ANALYSIS
Page 8
DISCLAIMER: All information is based on estimated forecast and are intended for the purpose of example projections and analysis.The information presented herein is provided as is, without warranty of any kind. Neither Century 21 Aztec & Associates nor CRE
Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve as substitute for any legal,investment, real estate or other professional advice, consultation or service.© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Jaha CummingsCentury 21 Aztec & AssociatesPhone: 9416293188Email: [email protected],
Improvement Allocation (70%)Depreciation Life
Interest DeductionLoan Cost DeductionU.S. Mid-Month Convention
For the Year EndingYear 1
Sep-2021Year 2
Sep-2022Year 3
Sep-2023Year 4
Sep-2024Year 5
Sep-2025CAP Rate at Sale (subsequent year NOI)
Sale Price- Cost of Sale- 1st Lien BalanceSALES PROCEEDS BEFORE TAX
Original Purchase & Costs (Basis)- Depreciation TakenNet Adjusted Basis
Sale Price- Cost of Sale- Original Purchase & Costs (Basis)Capital Gain (Loss)
Loan Fees & Points Paid- Loan Fees & Points AmortizedLoan Fees & Points Remainingx Marginal Income Tax RateLoan Fees & Points Tax Savings
Sales Proceeds Before Tax- Federal Capital Gain Tax (20%)- Local Capital Gain Tax (0%)- Tax on Recaptured Depreciation (25%)- Medicare Capital Gain Tax (3.8%)+ Loan Fees & Points Tax SavingsSALES PROCEEDS AFTER TAX
$767,550 39 Years
Yes Yes Yes
5.79% 5.91% 6.02% 6.13% 6.26%
$1,107,000 $1,140,000 $1,175,000 $1,210,000 $1,246,000 $55,350 $57,000 $58,750 $60,500 $62,300
$787,083 $767,135 $746,374 $724,768 $702,281 $264,567 $315,865 $369,876 $424,732 $481,419
$1,096,500 $1,096,500 $1,096,500 $1,096,500 $1,096,500 $18,861 $38,542 $58,223 $77,904 $97,585
$1,077,639 $1,057,958 $1,038,277 $1,018,596 $998,915
$1,107,000 $1,140,000 $1,175,000 $1,210,000 $1,246,000 $55,350 $57,000 $58,750 $60,500 $62,300
$1,096,500 $1,096,500 $1,096,500 $1,096,500 $1,096,500 ($44,850) ($13,500) $19,750 $53,000 $87,200
$8,062 $8,062 $8,062 $8,062 $8,062 $322 $645 $968 $1,290 $1,612
$7,740 $7,418 $7,095 $6,772 $6,450 43.40% 43.40% 43.40% 43.40% 43.40% $3,359 $3,219 $3,079 $2,939 $2,799
$264,567 $315,865 $369,876 $424,732 $481,419 ($8,970) ($2,700) $3,950 $10,600 $17,440
$0 $0 $0 $0 $0 $4,715 $9,636 $14,556 $19,476 $24,396
($1,704) ($513) $751 $2,014 $3,314 $3,359 $3,219 $3,079 $2,939 $2,799
$273,885 $312,661 $353,698 $395,581 $439,068
Fiscal Year Beginning October 2020
5000 Sq Ft Building300 Tamiami Trail, Port Charlotte, Florida, 33953SALES PROCEEDS ANALYSIS
Page 9
DISCLAIMER: All information is based on estimated forecast and are intended for the purpose of example projections and analysis.The information presented herein is provided as is, without warranty of any kind. Neither Century 21 Aztec & Associates nor CRE
Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve as substitute for any legal,investment, real estate or other professional advice, consultation or service.© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Jaha CummingsCentury 21 Aztec & AssociatesPhone: 9416293188Email: [email protected],
SUMMARY OF INVESTMENT MEASURES
For the Year EndingYear 1
Sep-2021Year 2
Sep-2022Year 3
Sep-2023Year 4
Sep-2024Year 5
Sep-2025Loan-to-Value (LTV) - 1st LienCombined LTVDSCR - 1st LienCombined DSCRBefore Tax Cash on CashAfter Tax Cash on Cash
Acquisition CAP RateCost of Sale upon Disposition
Combined LTV at AcquisitionCombined DSCR at Acquisition
Year Property Sold 1 2 3 4 5Before Tax Unleveraged Property Yield (IRR)After Tax Unleveraged Property Yield (IRR)
Effective Unleveraged Tax RateEffective Tax Rate (Includes Leverage)
Effective Annual Cost of Borrowed FundsBefore Tax Impact of LeverageAfter Tax Effective Cost of FundsAfter Tax Impact of Leverage
Before Tax EQUITY Yield (IRR)After Tax EQUITY Yield (IRR)
2.98% 5.00%
75.00% 0.63
71.1% 67.29% 63.52% 59.9% 56.36% 71.1% 67.29% 63.52% 59.9% 56.36%
0.63 1.26 1.32 1.38 1.45 0.63 1.26 1.32 1.38 1.45
-6.37% 4.38% 5.45% 6.58% 7.77% -3.60% 2.49% 2.98% 3.49% 4.03%
N/A 3.75% 5.48% 6.35% 6.90% N/A 2.34% 3.57% 4.21% 4.61%
1.71% 37.60% 34.85% 33.70% 33.19% 0.00% 3.74% 23.26% 24.23% 24.25%
5.01% 4.50% 4.33% 4.24% 4.19% N/A 1.88% ↓ 2.73% ↑ 4.63% ↑ 5.51% ↑
2.84% 2.55% 2.45% 2.40% 2.37% N/A 0.54% ↓ 2.73% ↑ 4.11% ↑ 4.79% ↑N/A 1.87% 8.21% 10.98% 12.41% N/A 1.80% 6.30% 8.32% 9.40%
Fiscal Year Beginning October 2020
5000 Sq Ft Building300 Tamiami Trail, Port Charlotte, Florida, 33953MEASURES OF INVESTMENT PERFORMANCE ANALYSIS
Page 10
DISCLAIMER: All information is based on estimated forecast and are intended for the purpose of example projections and analysis.The information presented herein is provided as is, without warranty of any kind. Neither Century 21 Aztec & Associates nor CRE
Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve as substitute for any legal,investment, real estate or other professional advice, consultation or service.© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Jaha CummingsCentury 21 Aztec & AssociatesPhone: 9416293188Email: [email protected],
Annual GOI, Expense and NOI Percent Change
Expense Ratio % of GOI
0.00%
22.00%
44.00%
66.00%
88.00%
110.00%
Year 1 Year 2 Year 3 Year 4 Year 5
GOI Change Expense Change NOI Change
Year 1 Year 2 Year 3 Year 4 Year 5$0
$18,000
$36,000
$54,000
$72,000
$90,000
8.0%
8.8%
9.6%
10.4%
11.2%
12.0%
10.0% 10.0% 10.0% 10.0% 10.0%
GOI Expenses Expense Ratio
Fiscal Year Beginning October 2020
5000 Sq Ft Building300 Tamiami Trail, Port Charlotte, Florida, 33953ANNUAL GOI, EXPENSE AND NOI PERCENT CHANGE, EXPENSE RATIO % OF GOI
Page 11
DISCLAIMER: All information is based on estimated forecast and are intended for the purpose of example projections and analysis.The information presented herein is provided as is, without warranty of any kind. Neither Century 21 Aztec & Associates nor CRE
Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve as substitute for any legal,investment, real estate or other professional advice, consultation or service.© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Jaha CummingsCentury 21 Aztec & AssociatesPhone: 9416293188Email: [email protected],
Year Year 1 Year 2 Year 3 Year 4 Year 5Before Tax Cash on Cash ReturnAfter Tax Cash on Cash Return
Annual Cash-on-Cash Dividend Return
-10.00%
-5.00%
0.00%
5.00%
10.00%
1 2 3 4 5
Before Tax Cash on Cash Retum After Tax Cash on Cash Retum
-6.37% 4.38% 5.45% 6.58% 7.77% -3.60% 2.49% 2.98% 3.49% 4.03%
Fiscal Year Beginning October 2020
5000 Sq Ft Building300 Tamiami Trail, Port Charlotte, Florida, 33953CASH-ON-CASH ANALYSIS
Page 12
DISCLAIMER: All information is based on estimated forecast and are intended for the purpose of example projections and analysis.The information presented herein is provided as is, without warranty of any kind. Neither Century 21 Aztec & Associates nor CRE
Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve as substitute for any legal,investment, real estate or other professional advice, consultation or service.© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Jaha CummingsCentury 21 Aztec & AssociatesPhone: 9416293188Email: [email protected],
Before Tax Optimal Holding PeriodBefore Tax Optimal Hold Annual Yield
After Tax Optimal Holding PeriodAfter Tax Optimal Hold Annual Yield
Year of Sale Year 1 Year 2 Year 3 Year 4 Year 5Before Tax EQUITY Yield (IRR)After Tax EQUITY Yield (IRR)
Optimal Holding Period by Annual Equity Yield (IRR)
5 Years 12.41%
5 Years 9.4%
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
Holding Period/Year of Sale
1 2 3 4 5
0.00%
1.87%
8.21%
10.98%
12.41%
0.00%
1.80%
6.30%
8.32%
9.40%
Before Tax EQUITY Yield (IRR) After Tax EQUITY Yield (IRR)
N/A 1.87% 8.21% 10.98% 12.41% N/A 1.80% 6.30% 8.32% 9.40%
Fiscal Year Beginning October 2020
5000 Sq Ft Building300 Tamiami Trail, Port Charlotte, Florida, 33953OPTIMAL HOLDING PERIOD ANALYSIS
Page 13
DISCLAIMER: All information is based on estimated forecast and are intended for the purpose of example projections and analysis.The information presented herein is provided as is, without warranty of any kind. Neither Century 21 Aztec & Associates nor CRE
Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve as substitute for any legal,investment, real estate or other professional advice, consultation or service.© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Jaha CummingsCentury 21 Aztec & AssociatesPhone: 9416293188Email: [email protected],
INIT
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INVE
STM
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form
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5%)
- Med
icar
e C
apita
l Gai
n Ta
x (3
.8%
)+
Loan
Fee
s &
Poi
nts
Tax
Savi
ngs
SALE
S PR
OC
EED
S A
FTER
TA
X
For t
he Y
ear E
ndin
gYe
ar 1
Sep-
2021
Year
2Se
p-20
22Ye
ar 3
Sep-
2023
Year
4Se
p-20
24Ye
ar 5
Sep-
2025
Year
6Se
p-20
26Ye
ar 7
Sep-
2027
Year
8Se
p-20
28Ye
ar 9
Sep-
2029
Year
10
Sep-
2030
CA
P R
ate
at S
ale
(sub
sequ
ent y
ear N
OI)
Sale
Pric
e- C
ost o
f Sal
e- 1
st L
ien
Bal
ance
SALE
S PR
OC
EED
S B
EFO
RE
TAX
Orig
inal
Pur
chas
e &
Cos
ts (B
asis
)- D
epre
ciat
ion
Take
nN
et A
djus
ted
Bas
is
Sale
Pric
e- C
ost o
f Sal
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rigin
al P
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ase
& C
osts
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is)
Cap
ital G
ain
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s)
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nts
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n Fe
es &
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nts
Am
ortiz
edLo
an F
ees
& P
oint
s R
emai
ning
x M
argi
nal I
ncom
e Ta
x R
ate
Loan
Fee
s &
Poi
nts
Tax
Savi
ngs
$767
,550
39
Yea
rs
Yes
Yes
Yes
5.79
%
5.91
%
6.02
%
6.13
%
6.26
%
6.37
%
6.50
%
6.62
%
6.75
%
6.88
%
$1,1
07,0
00
$1,1
40,0
00
$1,1
75,0
00
$1,2
10,0
00
$1,2
46,0
00
$1,2
84,0
00
$1,3
22,0
00
$1,3
62,0
00
$1,4
03,0
00
$1,4
45,0
00
$55,
350
$57,
000
$58,
750
$60,
500
$62,
300
$64,
200
$66,
100
$68,
100
$70,
150
$72,
250
$787
,083
$7
67,1
35
$746
,374
$7
24,7
68
$702
,281
$6
78,8
78
$654
,522
$6
29,1
73
$602
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$5
75,3
35
$264
,567
$3
15,8
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$369
,876
$4
24,7
32
$481
,419
$5
40,9
22
$601
,378
$6
64,7
27
$730
,059
$7
97,4
15
$1,0
96,5
00
$1,0
96,5
00
$1,0
96,5
00
$1,0
96,5
00
$1,0
96,5
00
$1,0
96,5
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$1,0
96,5
00
$1,0
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96,5
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$18,
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$38,
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$58,
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$77,
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$97,
585
$117
,266
$1
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47
$156
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$1
76,3
09
$195
,170
$1
,077
,639
$1
,057
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$1
,038
,277
$1
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$9
98,9
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$979
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$9
59,5
53
$939
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$901
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$1,1
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$1,2
10,0
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$1,2
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$1,2
84,0
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$1,3
22,0
00
$1,3
62,0
00
$1,4
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00
$1,4
45,0
00
$55,
350
$57,
000
$58,
750
$60,
500
$62,
300
$64,
200
$66,
100
$68,
100
$70,
150
$72,
250
$1,0
96,5
00
$1,0
96,5
00
$1,0
96,5
00
$1,0
96,5
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$1,0
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) ($
13,5
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$19,
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$53,
000
$87,
200
$123
,300
$1
59,4
00
$197
,400
$2
36,3
50
$276
,250
$8,0
62
$8,0
62
$8,0
62
$8,0
62
$8,0
62
$8,0
62
$8,0
62
$8,0
62
$8,0
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$8,0
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$322
$6
45
$968
$1
,290
$1
,612
$1
,935
$2
,258
$2
,580
$2
,902
$3
,225
$7
,740
$7
,418
$7
,095
$6
,772
$6
,450
$6
,128
$5
,805
$5
,482
$5
,160
$4
,838
43
.40%
43
.40%
43
.40%
43
.40%
43
.40%
43
.40%
43
.40%
43
.40%
43
.40%
43
.40%
$3
,359
$3
,219
$3
,079
$2
,939
$2
,799
$2
,659
$2
,519
$2
,379
$2
,239
$2
,099
$264
,567
$3
15,8
65
$369
,876
$4
24,7
32
$481
,419
$5
40,9
22
$601
,378
$6
64,7
27
$730
,059
$7
97,4
15
($8,
970)
($
2,70
0)
$3,9
50
$10,
600
$17,
440
$24,
660
$31,
880
$39,
480
$47,
270
$55,
250
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$4,7
15
$9,6
36
$14,
556
$19,
476
$24,
396
$29,
317
$34,
237
$39,
157
$44,
077
$48,
793
($1,
704)
($
513)
$7
51
$2,0
14
$3,3
14
$4,6
85
$6,0
57
$7,5
01
$8,9
81
$10,
498
$3,3
59
$3,2
19
$3,0
79
$2,9
39
$2,7
99
$2,6
59
$2,5
19
$2,3
79
$2,2
39
$2,0
99
$273
,885
$3
12,6
61
$353
,698
$3
95,5
81
$439
,068
$4
84,9
19
$531
,723
$5
80,9
68
$631
,970
$6
84,9
73
SALE
S P
RO
CEE
DS
AN
ALY
SIS
500
0 S
q F
t B
uild
ing
300
Tam
iam
i Tra
il, P
ort
Ch
arlo
tte,
Flo
rid
a, 3
3953
Fisc
al Y
ear
Beg
inn
ing
Oct
ober
20
20
Pag
e 15
DIS
CLA
IME
R: A
ll in
form
atio
n is
bas
ed o
n e
stim
ated
fore
cast
an
d a
re in
ten
ded
for
the
pu
rpos
e of
exa
mp
le p
roje
ctio
ns
and
an
alys
is. T
he
info
rmat
ion
pre
sen
ted
her
ein
is p
rovi
ded
as
is, w
ith
out
war
ran
ty o
f an
y ki
nd
. Nei
ther
Cen
tury
21 A
ztec
& A
ssoc
iate
s n
or C
RE
Tec
h, I
nc.
assu
me
any
liab
ility
for
erro
rs o
r om
issi
ons.
Th
is in
form
atio
n is
not
inte
nd
ed t
o re
pla
ce o
r se
rve
as s
ub
stit
ute
for
any
leg
al, i
nve
stm
ent,
real
est
ate
or o
ther
pro
fess
ion
al a
dvi
ce, c
onsu
ltat
ion
or
serv
ice.
© C
opyr
igh
t 20
11-
2020
CR
E Te
ch, I
nc.
All
Rig
hts
Res
erve
d.
Jah
a C
um
min
gs
Cen
tury
21 A
ztec
& A
ssoc
iate
sP
hon
e: 9
416
2931
88E
mai
l: ja
ha.
cum
min
gs@
cen
tury
21.c
om,
Sum
mar
y of
Inve
stm
ent M
easu
res
For t
he Y
ear E
ndin
gYe
ar 1
Sep-
2021
Year
2Se
p-20
22Ye
ar 3
Sep-
2023
Year
4Se
p-20
24Ye
ar 5
Sep-
2025
Year
6Se
p-20
26Ye
ar 7
Sep-
2027
Year
8Se
p-20
28Ye
ar 9
Sep-
2029
Year
10
Sep-
2030
Loan
-to-V
alue
(LTV
) - 1
st L
ien
Com
bine
d LT
VD
SCR
- 1s
t Lie
nC
ombi
ned
DSC
RB
efor
e Ta
x C
ash
on C
ash
Afte
r Tax
Cas
h on
Cas
h
Effe
ctiv
e A
nnua
l Cos
t of B
orro
wed
Fun
dsB
efor
e Ta
x Im
pact
of L
ever
age
Afte
r Tax
Effe
ctiv
e C
ost o
f Fun
dsA
fter T
ax Im
pact
of L
ever
age
Bef
ore
Tax
EQU
ITY
Yiel
d (IR
R)
Afte
r Tax
EQ
UIT
Y Yi
eld
(IRR
)
Acq
uisi
tion
CA
P R
ate
Cos
t of S
ale
upon
Dis
posi
tion
Com
bine
d LT
V at
Acq
uisi
tion
Com
bine
d D
SCR
at A
cqui
sitio
n
Year
Pro
pert
y So
ld1
23
45
67
89
10B
efor
e Ta
x U
nlev
erag
ed P
rope
rty
Yiel
d (IR
R)
Afte
r Tax
Unl
ever
aged
Pro
pert
y Yi
eld
(IRR
)
Effe
ctiv
e U
nlev
erag
ed T
ax R
ate
Effe
ctiv
e Ta
x R
ate
(Incl
udes
Lev
erag
e)
2.98
%
5.00
%
75.0
0%
0.63
71.1
%
67.2
9%
63.5
2%
59.9
%
56.3
6%
52.8
7%
49.5
1%
46.1
9%
42.9
6%
39.8
2%
71.1
%
67.2
9%
63.5
2%
59.9
%
56.3
6%
52.8
7%
49.5
1%
46.1
9%
42.9
6%
39.8
2%
0.63
1.
26
1.32
1.
38
1.45
1.
53
1.60
1.
68
1.77
1.
86
0.63
1.
26
1.32
1.
38
1.45
1.
53
1.60
1.
68
1.77
1.
86
-6.3
7%
4.38
%
5.45
%
6.58
%
7.77
%
9.01
%
10.3
2%
11.6
9%
13.1
3%
14.6
4%
-3.6
0%
2.49
%
2.98
%
3.49
%
4.03
%
4.60
%
5.21
%
5.84
%
6.50
%
7.08
%
N/A
3.75
%
5.48
%
6.35
%
6.90
%
7.29
%
7.57
%
7.80
%
7.99
%
8.15
%
N/A
2.34
%
3.57
%
4.21
%
4.61
%
4.91
%
5.13
%
5.32
%
5.47
%
5.60
%
1.71
%
37.6
0%
34.8
5%
33.7
0%
33.1
9%
32.6
5%
32.2
3%
31.7
9%
31.5
4%
31.2
9%
0.00
%
3.74
%
23.2
6%
24.2
3%
24.2
5%
24.0
9%
23.8
9%
23.6
9%
23.5
5%
23.4
2%
5.01
%
4.50
%
4.33
%
4.24
%
4.19
%
4.15
%
4.13
%
4.11
%
4.09
%
4.08
%
N/A
1.88
%
↓2.
73%
↑
4.63
%
↑5.
51%
↑
5.95
%
↑6.
12%
↑
6.17
%
↑6.
15%
↑
6.07
%
↑2.
84%
2.
55%
2.
45%
2.
40%
2.
37%
2.
35%
2.
34%
2.
33%
2.
31%
2.
31%
N
/A0.
54%
↓
2.73
%
↑4.
11%
↑
4.79
%
↑5.
14%
↑
5.29
%
↑5.
34%
↑
5.34
%
↑5.
29%
↑
N/A
1.87
%
8.21
%
10.9
8%
12.4
1%
13.2
4%
13.6
9%
13.9
7%
14.1
4%
14.2
2%
N/A
1.80
%
6.30
%
8.32
%
9.40
%
10.0
5%
10.4
2%
10.6
6%
10.8
1%
10.8
9%
MEA
SUR
ES O
F IN
VES
TMEN
T P
ERFO
RM
AN
CE
AN
ALY
SIS
500
0 S
q F
t B
uild
ing
300
Tam
iam
i Tra
il, P
ort
Ch
arlo
tte,
Flo
rid
a, 3
3953
Fisc
al Y
ear
Beg
inn
ing
Oct
ober
20
20
Pag
e 16
DIS
CLA
IME
R: A
ll in
form
atio
n is
bas
ed o
n e
stim
ated
fore
cast
an
d a
re in
ten
ded
for
the
pu
rpos
e of
exa
mp
le p
roje
ctio
ns
and
an
alys
is. T
he
info
rmat
ion
pre
sen
ted
her
ein
is p
rovi
ded
as
is, w
ith
out
war
ran
ty o
f an
y ki
nd
. Nei
ther
Cen
tury
21 A
ztec
& A
ssoc
iate
s n
or C
RE
Tec
h, I
nc.
assu
me
any
liab
ility
for
erro
rs o
r om
issi
ons.
Th
is in
form
atio
n is
not
inte
nd
ed t
o re
pla
ce o
r se
rve
as s
ub
stit
ute
for
any
leg
al, i
nve
stm
ent,
real
est
ate
or o
ther
pro
fess
ion
al a
dvi
ce, c
onsu
ltat
ion
or
serv
ice.
© C
opyr
igh
t 20
11-
2020
CR
E Te
ch, I
nc.
All
Rig
hts
Res
erve
d.
Jah
a C
um
min
gs
Cen
tury
21 A
ztec
& A
ssoc
iate
sP
hon
e: 9
416
2931
88E
mai
l: ja
ha.
cum
min
gs@
cen
tury
21.c
om,
Ann
ual G
OI,
Expe
nse
and
NO
I Per
cent
Cha
nge
Expe
nse
Rat
io %
of G
OI
0.00
%
22.0
0%
44.0
0%
66.0
0%
88.0
0%
110.
00%
Year
1Ye
ar 2
Year
3Ye
ar 4
Year
5Ye
ar 6
Year
7Ye
ar 8
Year
9Ye
ar 1
0
GO
I Cha
nge
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nse
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nge
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I Cha
nge
Year
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ar 2
Year
3Ye
ar 4
Year
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ar 6
Year
7Ye
ar 8
Year
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ar 1
0$0
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000
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000
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000
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000
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8.0%
8.8%
9.6%
10.4
%
11.2
%
12.0
%
10.0
%10
.0%
10.0
%10
.0%
10.0
%10
.0%
10.0
%10
.0%
10.0
%10
.0%
GO
IEx
pens
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e R
atio
AN
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AL
GO
I, EX
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I PER
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% O
F G
OI
500
0 S
q F
t B
uild
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300
Tam
iam
i Tra
il, P
ort
Ch
arlo
tte,
Flo
rid
a, 3
3953
Fisc
al Y
ear
Beg
inn
ing
Oct
ober
20
20
Pag
e 17
DIS
CLA
IME
R: A
ll in
form
atio
n is
bas
ed o
n e
stim
ated
fore
cast
an
d a
re in
ten
ded
for
the
pu
rpos
e of
exa
mp
le p
roje
ctio
ns
and
an
alys
is. T
he
info
rmat
ion
pre
sen
ted
her
ein
is p
rovi
ded
as
is, w
ith
out
war
ran
ty o
f an
y ki
nd
. Nei
ther
Cen
tury
21 A
ztec
& A
ssoc
iate
s n
or C
RE
Tec
h, I
nc.
assu
me
any
liab
ility
for
erro
rs o
r om
issi
ons.
Th
is in
form
atio
n is
not
inte
nd
ed t
o re
pla
ce o
r se
rve
as s
ub
stit
ute
for
any
leg
al, i
nve
stm
ent,
real
est
ate
or o
ther
pro
fess
ion
al a
dvi
ce, c
onsu
ltat
ion
or
serv
ice.
© C
opyr
igh
t 20
11-
2020
CR
E Te
ch, I
nc.
All
Rig
hts
Res
erve
d.
Jah
a C
um
min
gs
Cen
tury
21 A
ztec
& A
ssoc
iate
sP
hon
e: 9
416
2931
88E
mai
l: ja
ha.
cum
min
gs@
cen
tury
21.c
om,
Year
Year
1Ye
ar 2
Year
3Ye
ar 4
Year
5Ye
ar 6
Year
7Ye
ar 8
Year
9Ye
ar 1
0B
efor
e Ta
x C
ash
on C
ash
Ret
urn
Afte
r Tax
Cas
h on
Cas
h R
etur
n
Ann
ual C
ash-
on-C
ash
Div
iden
d R
etur
n
-10.
00%
-5.0
0%
0.00
%
5.00
%
10.0
0%
15.0
0%
12
34
56
78
910
Befo
re T
ax C
ash
on C
ash
Ret
umAf
ter T
ax C
ash
on C
ash
Ret
um
-6.3
7%
4.38
%
5.45
%
6.58
%
7.77
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9.01
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ty o
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Cen
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assu
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© C
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11-
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CR
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All
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Jah
a C
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Cen
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21 A
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416
2931
88E
mai
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cum
min
gs@
cen
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21.c
om,
2/2/2020 Charlotte County, FL Code of Ordinances
1/5
(a)
(b)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
(18)
(19)
(20)
(21)
(22)
(23)
(24)
(25)
(26)
(27)
(28)
Sec. 3-9-42. - Commercial general (CG).
Intent. The purpose and intent of this district is to allow general commercial activity.
Permitted uses (P) and structures:
Animal hospital, boarding facility.
Art, dance, music, photo studio or gallery.
Assisted living facility or day care center, adult, six (6) or less. (See section 3-9-62,
assisted living facility.)
Auditorium, convention center, performing arts center.
Bank, financial services.
Bar, cocktail lounge, nightclub, tavern.
Business services.
Clubhouse, community center.
Day care center, child.
Drug store, pharmacy.
Dry cleaner.
Elementary, middle, or high school.
Emergency services.
Essential services. (See section 3-9-71, essential services.)
Funeral homes, crematoria.
Gas station.
General offices.
General retail sales and services. (See section 3-9-61, accessory outdoor retail sales,
display, and storage.
Government uses and facilities.
Homeless shelter.
Hospital.
Hotel, motel, inn.
Laundromat.
Liquor, package store.
Mass transit station.
Medical or dental office, clinic.
Mini-warehouses or storage facilities, but not bulk storage of flammable liquids.
Model home. (See section 3-9-78, model homes.)
2/2/2020 Charlotte County, FL Code of Ordinances
2/5
(29)
(30)
(31)
(32)
(33)
(34)
(35)
(36)
(37)
(38)
(39)
(40)
(41)
(42)
(43)
(44)
(45)
(46)
(c)
(1)
(d)
(1)
(2)
(3)
(4)
(3)
(4)
Motor vehicle wash.
Nursing home.
Paid or public parking lot, garage, structure.
Park, public or not-for-profit.
Personal services.
Place of worship. (See section 3-9-82, places of worship.)
Post office.
Printing facilities.
Private club.
Professional services.
Recreation, indoor.
Recreation, outdoor.
Restaurant.
Sexually oriented business. (See section 3-9-84, sexually oriented businesses.)
Telecommunications facility, fifty (50) feet or less in height. (See section 3-9-68,
communication towers.)
University or college.
Vocational, trade, or business school.
Wholesale sales.
Permitted accessory uses and structures: Uses and structures which are customarily
accessory and clearly incidental to permitted and conditional uses and structures are also
permitted in this district, including a residential dwelling unit within the same structure as the
principal use for occupancy by owners or employees of permitted uses, and also including,
but not limited to:
Fences or walls which may be permitted prior to the principal uses and structures.
Conditional uses (C): (For rules and regulations for any use designated as a conditional use,
see section 3-9-69, conditional uses and structures.)
Assisted living facility or day care center, adult, seven (7) or more. (See section 3-9-62,
assisted living facility.)
Boat, travel trailer and motor vehicle sales, including recreational vehicles and campers.
Boat, travel trailer and motor vehicle repair, services, including recreational vehicles and
campers.
Building trades contractor's office.
Farm equipment sales and service.
Laboratories, class 1, 2, 3.
2/2/2020 Charlotte County, FL Code of Ordinances
3/5
(5)
(6)
(7)
(e)
(f)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
(18)
(19)
a.
b.
c.
Marina.
Noncommercial vehicle rental.
Private off-site parking.
Prohibited uses and structures: Any use or structure not expressly, or by reasonable
implication permitted herein or permitted by special exception shall be unlawful in this
district.
Special exceptions (S): (For procedure, see section 3-9-6.2, special exceptions)
All conditional uses and structures that cannot meet all conditions set forth in this Code.
Amphitheater.
Animal sanctuary, zoo.
Biofuel production, less than five thousand (5,000) gallons per day.
Building trades contractor's office with storage yard on-premises, or with more than ten
(10) service vehicles and with heavy equipment.
Commercial laundry.
Commercial vehicle rental.
Heavy machinery, equipment rental, sales, service.
Heliport, helistop.
Industrial marina.
Leisure vehicle rental.
Light manufacturing and assembly in a completely enclosed building.
Lumberyard.
Outdoor market or exhibition space.
Railroad sidings.
Storage of boat, travel trailer and motor vehicle, including recreational vehicles and
campers.
Telecommunications facility, greater than fifty (50) feet in height. (See section 3-9-68,
communication towers.)
Truck stop.
Such other uses as determined by the zoning official or his/her designee to be:
Appropriate by reasonable implication and intent of the district.
Similar to another use either explicitly permitted in that district or allowed by
special exception.
Not specifically prohibited in that district.
2/2/2020 Charlotte County, FL Code of Ordinances
4/5
(g)
The board of zoning appeals shall review a favorable determination of the zoning official under
this provision at the time the special exception application is presented to it. An unfavorable
determination of the zoning official or his/her designee shall be appealable pursuant to section
3-9-6, board of zoning appeals.
Development standards:
CG
Lot (min.)
Area (sq. ft.) 12,000
Width (ft.) 100
Setbacks (min. ft.)
Front 15
Side (interior) 0
Side (street) 10
Rear (interior) 10
Rear (street) 10
Abutting water 20
Bulk (max.)
Lot coverage of all buildings 55%
Height (ft.) 60
Density (units/acre) 0
2/2/2020 Charlotte County, FL Code of Ordinances
5/5
(h)
(i)
Landscape buffers and screening shall be required in this district in accordance with the
provisions of article XXII, chapter 3-5, of the Code, as the same may be amended.
Where properties lie anywhere on a barrier island or within one thousand two hundred (1,200)
feet of the water of Charlotte Harbor, the Gulf of Mexico, Lemon Bay, Gasparilla Sound, Placida
Harbor, Red Fish Cove, the Myakka River, the Peace River, or Coral Creek, structures must also
be constructed in accordance with section 3-9-88, waterfront property.
Signs. Signs shall be in accordance with section 3-9-85.
Off-street parking. Off-street parking shall be in accordance with section 3-9-79.
(Ord. No. 2014-063, § 1(Exh. A), 11-25-14)
Editor's note— Ord. No. 2014-063, § 1(Exh. A), adopted Nov. 25, 2014, repealed the former § 3-9-42, and
enacted a new section as set out herein. The former § 3-9-42 pertained to Commercial, general (CG) and
derived from Minutes of Dec. 8, 1981, § 7; Res. No. 83-11, § 1, adopted Feb. 15, 1983; Res. No. 83-18, § 1,
adopted March 22, 1983; Res. No. 85-105, § 1, adopted June 11, 1985; Res. No. 87-254, § 22, adopted Oct. 20,
1987; Res. No. 87-255, § 6, adopted Oct. 20, 1987; Res. No. 87-258, §§ 1, 2, adopted Oct. 20, 1987; Ord. No.
89-34, § 16, adopted May 31, 1989; Ord. No. 92-44, §§ 1—3, adopted June 2, 1992; Ord. No. 94-55, §§ 28, 29,
adopted Nov. 3, 1994; Ord. No. 2001-031, § 1(m), adopted June 12, 2001; Ord. No. 2002-008, § 1, adopted
Jan. 28, 2002; and Ord. No. 2003-061, § 8, adopted Aug. 26, 2003.
300 Tamiami Trail Port Charlotte 5000 Sq Ft Building300 Tamiami Trail, Port Charlotte, Florida, 33953
5000 Sq Ft Building300 Tamiami Trail, Port Charlotte, Florida, 33953AREA LOCATION MAP
Page 25
© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Jaha CummingsCentury 21 Aztec & AssociatesPhone: 9416293188Email: [email protected],
300 Tamiami Trail Port Charlotte 5000 Sq Ft Building300 Tamiami Trail, Port Charlotte, Florida, 33953
5000 Sq Ft Building300 Tamiami Trail, Port Charlotte, Florida, 33953AERIAL ANNOTATION MAP
Page 26
© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Jaha CummingsCentury 21 Aztec & AssociatesPhone: 9416293188Email: [email protected],
©Copyright 2011-2020 CRE Tech, Inc. All Rights Reserved.
CENTURY 21 AZTEC & ASSOCIATES JAHA CUMMINGS & REGINA MELMAN
9416293188 [email protected]