Freestanding Office
For Sale
$325,000
150 E BAY HEIGHTS Road, Englewood, FL 34223
SINGLE_FAMILY - ENGLEWOOD, FL
Property Size872 SF
Lot Size0.11 Acres
Price / SF$372.71
Days on Market100
Property Features for 150 E BAY HEIGHTS Road
General Information
Property type
Residential
Property subtype
Office
Zoning
CG
Subdivision
BAY HEIGHTS
Lot features
Corner Lot
Directions
From the intersection of SR776 (S Indiana Ave) and Beach Road, head north on 776 one block to stop light, turn right on E Bay Heights to building on left.
Standard status
Active
APN
412006106004
Size
872 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BHT 000 0001 0001 BAY HEIGHTS BLK 1 LT 1 LESS N 50 FT 149/462 530/17 619/1551 637/601 595/1384 752/1865 781/883 1180/770 1306/1554 1409/368 2715/2063 2715/2063 3934/1079 3203613
Tax Annual Amount
5093
Legal Description
BHT 000 0001 0001 BAY HEIGHTS BLK 1 LT 1 LESS N 50 FT 149/462 530/17 619/1551 637/601 595/1384 752/1865 781/883 1180/770 1306/1554 1409/368 2715/2063 2715/2063 3934/1079 3203613
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Building materials
Frame
Roof type
Metal
Listing Agency:
LASBURY-TRACY REALTY INC.
(941) 474-5585
Listed By:
Bart Tracy II · License #3067180
(941) 416-4114
Added: Apr 30
Changed: Jul 20
Last Checked: Aug 7 at 10:06AM
MLS# D6147285
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Freestanding commercial general (CG) zoned building in a classic Florida bungalow style, recently updated and move-in ready. The interior is arranged with two large rooms suited for multiple work spaces, along with a break room, full bath, laundry area, and storage. The property includes a metal roof and new siding, plus other upgrades. Inside, hardwood floors and exposed beam ceilings add character to the office-ready layout.
The building is located in Central Englewood, one block off SR776, and is described as across the street from a large local bank. Onsite parking is available, and the property is noted as easy to find. The listing also states the site is about two miles from Manasota Key beaches.
With approximately 872 square feet of building area on a 0.11-acre lot, this compact freestanding setup is designed to support a service company or office use in a single, straightforward footprint.
The building is located in Central Englewood, one block off SR776, and is described as across the street from a large local bank. Onsite parking is available, and the property is noted as easy to find. The listing also states the site is about two miles from Manasota Key beaches.
With approximately 872 square feet of building area on a 0.11-acre lot, this compact freestanding setup is designed to support a service company or office use in a single, straightforward footprint.
Key Highlights
- Freestanding commercial building with general zoning in Central Englewood, one block off SR 776
- Updated interior with two large rooms for multiple work spaces, plus break room, full bath, laundry, and storage
- Metal roof and new siding; other upgrades reported as part of a recently updated package
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,793
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$215,860
$215.9K
Cap Rate 7%
$154,186
$154.2K
Cap Rate 9%
$119,922
$119.9K
Market Conditions
NOI Build-Up for 872 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$18.8K $21.60/SF
− Vacancy
−$4.4K −$5.10/SF
EGI
$14.4K $16.50/SF
− OpEx
−$3.6K −$4.13/SF
NOI
$10.8K $12.38/SF
Area
Charlotte County, FL
Vacancy
23.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$215,860
Cap Rate 7%
$154,186
Cap Rate 9%
$119,922
Alternative Uses
Best Use
Office B
$154.2K
$134.9K – $179.9K
NOI $10,793 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$285.5K
$249.8K – $333.1K
NOI $19,986 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
Explore this area
Business Placement
Demographics for 34223, FL
19,118
Population
14,484
Households
1.3
Avg Household Size
66
Median Age
39%
College-Educated
96%
High-School Grad
41.9 sq mi
ZIP Area
456
Density / Sq Mi
$70,155
Median Household Income
$39,486
Median Earnings
$1,288
Median Rent
$358,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Freestanding CG-zoned building with updated interiors, two large work rooms, break room, full bath, and onsite parking.
Where is this office units located?
The property is located at 150 E BAY HEIGHTS Road Englewood, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Freestanding commercial building with general zoning in Central Englewood, one block off SR 776; Updated interior with two large rooms for multiple work spaces, plus break room, full bath, laundry, and storage; Metal roof and new siding; other upgrades reported as part of a recently updated package
