Gated Auto Shop
For Sale
$350,000
54 HARVARD Street, Englewood, FL 34223
Commercial Sale, ENGLEWOOD, FL
Property Size560 SF
Lot Size0.31 Acres
Price / SF$625
Days on Market134
Property Features for 54 HARVARD Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CI
Subdivision
ENGLEWOOD OF
Lot features
Corner Lot, Paved
Directions
From the intersection of SR776 (Indiana Ave) and Dearborn Street, head north on SR776 three blocks, turn left onto Harvard to sign on right.
Standard status
Active
APN
0497010012
Size
560 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WLY 100 FT OF ELY 325 FT OF SLY 165 FT OF LOT 72, LESS SLY 30FT THEREOF FOR R/W, BEING SAME LANDS AS DESC IN ORI 2022142662
Tax Annual Amount
3170
Legal Description
WLY 100 FT OF ELY 325 FT OF SLY 165 FT OF LOT 72, LESS SLY 30FT THEREOF FOR R/W, BEING SAME LANDS AS DESC IN ORI 2022142662
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
pole sign
carport/shop area
Building Details
Year built
1989
Floors in Building
1
Building materials
Frame
Listing Agency:
LASBURY-TRACY REALTY INC.
(941) 474-5585
Listed By:
Bart Tracy II · License #3067180
(941) 416-4114
Added: Apr 30
Changed: Aug 26
Last Checked: Sep 10 at 3:06PM
MLS# D6147287
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 0.31-acre commercial property includes a 560-square-foot frame office building with two offices, a reception area, and a bathroom. Improvements also include a three-car carport/shop area, a small storage shed, security fencing, and gated access from three sides. A pole sign provides visibility from SR776.
The property is zoned CI, with source-supported applications including automotive or marine service, distribution center operations, leasing operations, and service companies. Public water and public sewer serve the site. The property is currently occupied by an automotive service and sales business on a month-to-month tenancy; the existing occupant has expressed interest in signing a new lease.
The property is zoned CI, with source-supported applications including automotive or marine service, distribution center operations, leasing operations, and service companies. Public water and public sewer serve the site. The property is currently occupied by an automotive service and sales business on a month-to-month tenancy; the existing occupant has expressed interest in signing a new lease.
Key Highlights
- 0.31‑acre CI‑zoned commercial property
- 560‑square‑foot frame office building with two offices, reception, and bathroom
- Three‑car carport/shop area plus small storage shed
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
$9,962
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
2.85%
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%
$199,240
$199.2K
Cap Rate 7%
$142,314
$142.3K
Cap Rate 9%
$110,689
$110.7K
Market Conditions
NOI Build-Up for 560 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
$14.7K $26.28/SF
− Vacancy
−$486 −$0.87/SF
EGI
$14.2K $25.41/SF
− OpEx
−$4.3K −$7.62/SF
NOI
$10.0K $17.79/SF
Area
Charlotte County, FL
Vacancy
3.30%
Lease Rate
$26.28 /SF/Yr
Expense Ratio
30.00%
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%
$199,240
Cap Rate 7%
$142,314
Cap Rate 9%
$110,689
Alternative Uses
Best Use
Retail
$142.3K
$124.5K – $166.0K
NOI $9,962 @ 7.0% cap · market cap 2.85%
Second Best
Office B
$99.0K
$86.6K – $115.5K
NOI $6,931 @ 7.0% cap · market cap 1.98%
Theoretical Best
Office A
$183.4K
$160.4K – $213.9K
NOI $12,835 @ 7.0% cap · market cap 3.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Englewood Service Center, LLC — 210 S Indiana Ave, Englewood, FL 34223
- Ultimate Auto Works — 210 S Indiana Ave, Englewood, FL 34223
- Ultimate Auto Works, LLC — 210 S Indiana Ave, Englewood, FL 34223
- Window Tinting Guys of Englewood — 80 S McCall Rd, Englewood, FL 34223, United States
- Dino Tint — 80 S McCall Rd, Englewood, FL 34223
Frequently Asked Questions
What type of property is this?
Auto shop - CI-zoned commercial site with office space, covered shop capacity, public utilities, and secured access.
Where is this auto shop located?
The property is located at 54 HARVARD Street Englewood, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 0.31‑acre CI‑zoned commercial property; 560‑square‑foot frame office building with two offices, reception, and bathroom; Three‑car carport/shop area plus small storage shed
