Auto Shop With Drive-Through
New
For Sale
$749,000
101 S INDIANA AVENUE, Englewood, FL 34223
Fenced automotive facility with office, restrooms, parking, and prominent signage along 776.
Property Size4,000 SF
Price / SF$187.25
Days on Market7
Property Features for 101 S INDIANA AVENUE
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Retail
Site & Location
Road Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Service Bays
6
Amenities
air conditioned waiting room
office
bathroom
3 phase power
large highly visible signage
Building Details
Year Built
1958
Buildings
1
Construction
concrete block
Listing Agency:
SETTLES REAL ESTATE LLC
(941) 685-3600
Listed By:
Buck Settles · License #3313724
Source:
Endlesssummerrealty
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 9 at 5:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SETTLES REAL ESTATE LLC
Investment Insights
Based on property information with market context.
This 4,000-square-foot automotive facility, built in 1958, is configured for repair and body shop operations. The building includes an air-conditioned customer waiting area, office space, restrooms, and approximately 5–6 bays, including a drive-through bay with two-deep capacity. An additional bay is positioned on the left side and has a separate restroom, while another bay provides access around the rear of the building.
The concrete block structure received a new shingle roof in 2024. The property is enclosed with fencing and includes 3 Phase power, on-site parking, and large signage along 776. The layout provides multiple service areas with a separated section that can function independently from the primary shop space.
The concrete block structure received a new shingle roof in 2024. The property is enclosed with fencing and includes 3 Phase power, on-site parking, and large signage along 776. The layout provides multiple service areas with a separated section that can function independently from the primary shop space.
Key Highlights
- 4,000 SF automotive facility built in 1958
- Approximately 5–6 service bays, including a drive‑through bay
- Air‑conditioned waiting room, office, and restrooms
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
$30,912
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
4.13%
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%
$618,240
$618.2K
Cap Rate 7%
$441,600
$441.6K
Cap Rate 9%
$343,467
$343.5K
Market Conditions
NOI Build-Up for 4,000 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
$48.0K $12.00/SF
− Vacancy
−$3.8K −$0.96/SF
EGI
$44.2K $11.04/SF
− OpEx
−$13.2K −$3.31/SF
NOI
$30.9K $7.73/SF
Area
Charlotte County, FL
Vacancy
8.00%
Lease Rate
$12.00 /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%
$618,240
Cap Rate 7%
$441,600
Cap Rate 9%
$343,467
Alternative Uses
Best Use
Retail
$1.02M
$889.5K – $1.19M
NOI $71,156 @ 7.0% cap · market cap 9.50%
Second Best
Industrial
$441.6K
$386.4K – $515.2K
NOI $30,912 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,680 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Service bays
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
433
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
Market
Vacancy Rate% for Retail 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
- Window Tinting Guys of Englewood — 80 S McCall Rd, Englewood, FL 34223, United States
- Dino Tint — 80 S McCall Rd, Englewood, FL 34223
- Ultimate Auto Works, LLC — 210 S Indiana Ave, Englewood, FL 34223
Frequently Asked Questions
What type of property is this?
Auto shop - Fenced automotive facility with office, restrooms, parking, and prominent signage along 776.
Where is this auto shop located?
The property is located at 101 S INDIANA AVENUE Englewood, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 4,000 SF automotive facility built in 1958; Approximately 5–6 service bays, including a drive‑through bay; Air‑conditioned waiting room, office, and restrooms
