Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7328 Thomas St Englewood, FL 34224

    View on Map
    Sponsored
    For Sale
    $32,000

    Land - ENGLEWOOD, FL

    Lot size:
    0.29 Acres
    Days on Market:
    573
    Last Refresh:
    Mar 8 at 11:06 pm

    Property Features for 7328 Thomas St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RSF3.5
    APN
    412010333008
    Lot size
    0.29 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Andrew Martell
    Andrew Martell

    Keller Williams on the Water Sarasota (941) 803-7522

    Listing agent Andrew Martell (941) 803-7522 License #3446314

    Listing date Aug 13, 2024

    MLS# A4618332 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.

    Learn more

    Property Insight Report

    Overview

    Englewood Vacant Land Opportunity

    This vacant lot is located in Englewood, FL. The property offers an opportunity to build a custom single-family home. The lot size is 0.29 acres, providing ample room for construction. The location provides access to beaches, shopping, dining, and recreational facilities. Local culture and outdoor activities such as boating, fishing, and hiking are also nearby. The zoning is RSF3.5. The property is located in Charlotte County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Englewood
    County
    Charlotte
    State
    Florida
    Longitude
    -82.297695
    Latitude
    26.921907

    Nearby Similar for Sale

    • $1,950,000
      3,340 SF

      Turnkey Warehouse/Office Setup

      Commercial site with warehouse, office, and frontage on Placida Road.
      3060 Placida Rd, Englewood, FL 34224
      View Details
    • $850,000
      3,111 SF

      Englewood Commercial Property on High-Traffic Corridor

      Commercial property on S. Access Rd. near SR 776 with high visibility.
      3279 S Access Rd, Englewood, FL 34224
      View Details
    • $4,777,000
      4,904 SF

      ENGLEWOOD Resort with Gulf Frontage

      Resort with 10 units, beachfront pool, and Intracoastal access.
      8520 Manasota Key Rd, Englewood, FL 34223
      View Details
    • New
      $750,000
      2,616 SF

      Waterfront Triplex with Development Potential

      0.72-acre waterfront property in Englewood with OMI zoning.
      1695 Manor Rd, Englewood, FL 34223
      View Details
    • $189,900
      1,200 SF

      Englewood Warehouse Condo For Sale

      1200 sq ft warehouse condo in central Englewood.
      2730 Worth Ave, Englewood, FL 34224
      View Details
    • $340,000
      2,324 SF

      Under Construction Englewood Duplex

      New construction duplex with transferable permit in Englewood, Florida.
      6977 Hawksbury St, Englewood, FL 34224
      View Details
    • $999,999
      0.45 Acres

      Waterfront Land in Palm Point

      Rare double lot with direct Gulf access and existing dock.
      10444 Marion St, Englewood, FL 34224
      View Details
    • $3,800,000
      5,338 SF

      Englewood Hotel/Venue Opportunity Near Beach

      Boutique hotel or family compound near Manasota Beach.
      1991 Heasley Rd, Englewood, FL 34223
      View Details
    • $675,000
      2,621 SF

      Englewood Multifamily Investment Opportunity

      Six-unit multifamily property near Lemon Bay and Gulf beaches.
      784 S Mccall Rd, Englewood, FL 34223
      View Details
    • $995,000
      3,452 SF

      Renovated Triplex Near Stump Pass

      Fully renovated triplex near marina with income potential.
      3155 Waterside Dr, Englewood, FL 34224
      View Details
    • New
      $319,000
      1,687 SF

      Englewood Duplex: Investment Opportunity

      Desirable Englewood duplex, perfect for investors or owner-occupants.
      2131 Forked Creek Dr, Englewood, FL 34223
      View Details
    • New
      $675,000
      0.51 Acres

      Englewood Multifamily Investment Opportunity

      Six-unit multifamily property near Lemon Bay and Gulf beaches.
      784 S Mccall Rd, Englewood, FL 34223
      View Details

    FAQs

    What type of property is this?
    Land - Vacant lot in Englewood, FL, near beaches and amenities.
    Where is this land located?
    The property is located at 7328 Thomas St Englewood, FL.
    What is the asking price?
    The asking price for this property is $32,000.
    What are key features of this property?
    This property features: - Recent $7,900 price reduction makes this lot more attractive.; - Short drive to pristine beaches for coastal living.; - Over a quarter-acre parcel provides ample room to build a custom home.
    (941) 803-7522
    Request Owner's contact information
    7328 Thomas St Englewood, FL 34224
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7328 Thomas St
    Englewood, FL 34224
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7328 Thomas St Englewood, FL 34224
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Andrew Martell
    Andrew Martell
    Real Estate License ID: 3446314
    (941) 803-7522 (941) 350-3190
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!