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    Englewood Income-Producing Commercial Opportunity

    501 S INDIANA AVENUE Englewood, FL 34223

    501 S INDIANA AVENUE, Englewood, FL, 34223
    $975,000
    For Sale
    Claim this Listing
    $975,000

    Business - ENGLEWOOD, FL

    Property Size4,851 SF
    Lot Size0.67 Acres
    Price / SF$200.99
    AddedApr 3
    Days on Market103
    Last RefreshJul 14 at 2:06 pm

    Property Features for 501 S INDIANA AVENUE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Zoning
    OPI
    Exterior features
    Corner Lot, Paved
    Standard status
    Active
    APN
    0854040001
    Size
    4,851 SF
    Lot size
    0.67 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    10815.84

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1986
    Flooring type
    Carpet, Laminate, Tile, Vinyl
    Building materials
    Concrete, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other

    Listing agent Brian Helgemo License #3041311

    Listing office COMPASS FLORIDA 320 Cross St, FL, FL

    Listing date Apr 3, 2026

    MLS# C7524449 Listing URL

    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 commercial property, situated on a corner lot in a high-growth corridor of Englewood, offers an investment opportunity. The property has over 4,800 square feet and consists of three office units zoned OPI (Office, Professional, Institutional), suitable for various professional and business uses. The property includes 31 parking spaces, with two ADA-compliant spots. Suite A, approximately 1,700 square feet, is currently leased to a long-term tenant and features a reception area with a front desk, four private offices (including a conference room), an equipment room, a break room, and two restrooms. Suite B, approximately 600 square feet, includes an 11’ x 28’ front office, an 8’ x 12’ back room, an 8’ x 10’ office/mailroom, and a 9’ x 12’ kitchen area. Suite C, approximately 1,900 square feet, features a reception area with a sliding window to the administrative office, a conference room, storage and copier rooms, an open workspace with three cubicles, two additional private offices, and two restrooms. Units B and C were most recently leased together. The property is located along a high-traffic corridor with accessibility from both north and southbound routes and benefits from surrounding residential density and nearby commercial activity. The lot size is 0.67 acres.

    Key Highlights

    • Exceptional income‑producing commercial property with long‑term tenant in place, providing immediate, stable income.
    • Prime corner lot location with outstanding visibility in a high‑growth corridor.
    • Zoned OPI, suitable for diverse professional and business uses.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $104.8k $21.60
    − Vacancy −$24.7k −$5.10
    EGI $80.1k $16.50
    − OpEx −$20.0k −$4.13
    NOI $60.0k $12.38
    4,851 SF · lease $21.60/SF/yr · vacancy 23.60% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $857.7K
    $750.5K – $1.00M (±1% cap)
    NOI $60,040 @ 7.0% cap · market cap 6.16%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.59M
    $1.39M – $1.85M (±1% cap)
    NOI $111,185 @ 7.0% cap · market cap 11.40%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Parking Lot & Garage Garden Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store Veterinary Clinic Tech Support Center Dental Office (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Office building - Well-maintained commercial property with three office units and ample parking.
    Where is this office building located?
    The property is located at 501 S INDIANA AVENUE Englewood, FL.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: Exceptional income‑producing commercial property with long‑term tenant in place, providing immediate, stable income.; Prime corner lot location with outstanding visibility in a high‑growth corridor.; Zoned OPI, suitable for diverse professional and business uses.
    Contact an agent
    (941) 205-8478
    We can help!
    Contact an agent
    Brian Helgemo
    Real Estate License ID: 3041311
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