Flex Space with Office
For Sale
$169,900
2730 WORTH Avenue, Englewood, FL 34224
Commercial Sale, ENGLEWOOD, FL
Property Size1,200 SF
Lot Size0.09 Acres
Price / SF$141.58
Days on Market643
Property Features for 2730 WORTH Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IG
Subdivision
WORTH AVE COMM PARK
Directions
Head east on SR 776 (S McCall Rd) Right on San Casa Dr. Turn left on Worth Ave. (across from Oyster Creek Park) Unit is last one on the right.
Standard status
Active
APN
412009851008
Size
1,200 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WAC 000 0000 0008 WORTH AVE COMMERCIAL PARK UN-8 936/1590 1441/1115 1678/2043 3216/1599 3355/1373 4526/1337
Tax Annual Amount
2050
Legal Description
WAC 000 0000 0008 WORTH AVE COMMERCIAL PARK UN-8 936/1590 1441/1115 1678/2043 3216/1599 3355/1373 4526/1337
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
reception area
coffee bar
Building Details
Year built
1986
Floors in Building
1
Building materials
Metal Frame
Roof type
Metal
Listing Agency:
TALL PINES REALTY
(941) 475-5015
Listed By:
Jeremy Jones · License #995712552
(941) 628-5027
Added: Nov 20, 2024
Changed: Aug 24
Last Checked: Aug 25 at 5:06AM
MLS# D6139142
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.
This 1,200-square-foot flex unit combines office improvements with storage and service functionality. The interior includes a reception area, coffee bar, three offices, storage space, and a private bathroom. A partition behind the roll-up door can be removed to create a more open configuration. The building has a metal frame, wall and window unit cooling, public water, public sewer, and available electricity.
The property is located at 2730 Worth Avenue in Englewood, with access to Winchester Boulevard, San Casa Drive, Placida Road, SR 776, CR 775, and U.S. Highway 41. The overall building received a new metal roof in 2023. Zoning is IG, and the property includes approximately 0.09 acres.
The property is located at 2730 Worth Avenue in Englewood, with access to Winchester Boulevard, San Casa Drive, Placida Road, SR 776, CR 775, and U.S. Highway 41. The overall building received a new metal roof in 2023. Zoning is IG, and the property includes approximately 0.09 acres.
Key Highlights
- 1,200 SF flex unit with a 24x50‑foot layout
- IG zoning supports industrial‑oriented commercial use
- Reception area, coffee bar, three offices, storage, and private bathroom
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
$14,852
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
8.74%
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%
$297,040
$297.0K
Cap Rate 7%
$212,171
$212.2K
Cap Rate 9%
$165,022
$165.0K
Market Conditions
NOI Build-Up for 1,200 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
$25.9K $21.60/SF
− Vacancy
−$6.1K −$5.10/SF
EGI
$19.8K $16.50/SF
− OpEx
−$5.0K −$4.13/SF
NOI
$14.9K $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%
$297,040
Cap Rate 7%
$212,171
Cap Rate 9%
$165,022
Alternative Uses
Best Use
Office B
$212.2K
$185.7K – $247.5K
NOI $14,852 @ 7.0% cap · market cap 8.74%
Second Best
Warehouse
$160.9K
$140.8K – $187.7K
NOI $11,261 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$392.9K
$343.8K – $458.4K
NOI $27,504 @ 7.0% cap · market cap 16.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34224, FL
16,379
Population
11,333
Households
1.4
Avg Household Size
63
Median Age
21%
College-Educated
94%
High-School Grad
12.8 sq mi
ZIP Area
1,280
Density / Sq Mi
$56,862
Median Household Income
$34,450
Median Earnings
$1,219
Median Rent
$262,200
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?
Flex space - Industrial-zoned commercial unit with offices, storage, reception area, and a private bathroom.
Where is this flex space located?
The property is located at 2730 WORTH Avenue Englewood, FL.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 1,200 SF flex unit with a 24x50‑foot layout; IG zoning supports industrial‑oriented commercial use; Reception area, coffee bar, three offices, storage, and private bathroom
