Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2061 Englewood Rd Englewood, FL 34223

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,500,000

    Newly renovated office center suited for medical or professional use.

    Property size:
    1,898 SF
    Lot size:
    1.77 Acres

    Property Features for 2061 Englewood Rd

    General Information

    Size
    1,898 SF
    Lot size
    1.77 Acres

    We can help!

    Listing Contact
    Brian Seidel, CCIM
    Source: Moodyscre

    Listing Agency: American Property Group Listing Agent: Brian Seidel, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Englewood Newly Renovated Office Center

    Gulf Professional Center offers three units suitable for medical or professional office use. The center has been newly renovated, and Tenant Improvements (T.I.) are available to accommodate specific medical build-out needs. Unit 1 has 1,118 square feet on the first floor and 780 square feet on the second floor, totaling 1,898 square feet. Unit 2 has 1,003 square feet on the first floor and 1,000 square feet on the second floor, totaling 2,003 square feet. Unit 3 has 1,342 square feet on the first floor and 1,000 square feet on the second floor, totaling 2,342 square feet. The property is zoned OPI (Office, Professional, Institutional). With its location and flexible spaces, this property is an excellent choice for medical lessees seeking a well-appointed office environment.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Wholesale Shop

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

    Similar Places Nearby

    Veterinary Surgery Specialty Center

    Location Insight

    • Map
    • Local Demand
    City
    Englewood
    County
    Charlotte
    State
    Florida
    Longitude
    -82.3796361
    Latitude
    27.0062607

    Nearby Similar for Sale

    • $1,169,000
      Pending

      Manasota Key Investment Opportunity

      High-yield, six-unit residential compound near beach and bay access.
      115 Friendship Ln, Englewood, FL 34223
      View Details
    • New
      $700,000
      2,621 SF

      Englewood Multifamily Investment Opportunity

      Price-reduced 6-unit multifamily property near Lemon Bay and Gulf beaches.
      784 S Mccall Rd, Englewood, FL 34223
      View Details
    • New
      $455,000
      2,324 SF

      New Englewood Duplex Investment Opportunity

      Brand new, move-in ready duplex in Englewood, Florida with investment potential.
      11223 Pendleton Ave, Englewood, FL 34224
      View Details
    • $700,000
      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
    • $1,199,000
      3,452 SF

      Renovated Triplex Near Stump Pass Marina

      Completely renovated triplex near Stump Pass Marina, a boater's dream.
      3155 Waterside Dr, Englewood, FL 34224
      View Details
    • $1,890,000
      3,174 SF

      Manasota Key Quadplex Mini-Resort

      Turnkey quadplex with deeded beach and bay access on Manasota Key.
      5075 N Beach Rd, Englewood, FL 34223
      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
    • $1,730,000
      1,664 SF

      Remodeled Duplex Near Gulf of Mexico

      Turnkey duplex near the Gulf, ideal for short-term rentals.
      1107 Shore View Dr, Englewood, FL 34223
      View Details
    • $374,900
      1,988 SF

      Englewood Duplex Near Dearborn Street

      Duplex in Englewood with investment potential near local amenities.
      120 W Perry Ln, Englewood, FL 34223
      View Details
    • $339,000
      1,097 SF

      Englewood Duplex with Income Potential

      Duplex with main home and detached efficiency near the beach.
      25 1St Ave, Englewood, FL 34223
      View Details
    • $349,000
      2,340 SF

      Englewood Duplex: Investment Opportunity

      Centrally located duplex near beaches, restaurants, and golf courses.
      1665 Florence Ave, Englewood, FL 34223
      View Details
    • $549,500
      2,521 SF

      ENGLEWOOD Triplex Near Englewood Beach

      Triplex near Englewood Beach with commercial zoning and income potential.
      101 Riverview Ave, Englewood, FL 34223
      View Details

    FAQs

    What type of property is this?
    Medical office - Newly renovated office center suited for medical or professional use.
    Where is this medical office located?
    The property is located at 2061 Englewood Rd Englewood, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Ideally situated for medical lessees.; - Newly renovated.; - Tenant Improvements (T.I.) available for specific medical build-out needs.
    (941) 544-2970
    Request Owner's contact information
    2061 Englewood Rd Englewood, FL 34223
    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.
    2061 Englewood Rd
    Englewood, FL 34223
    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
    2061 Englewood Rd Englewood, FL 34223
    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
    Brian Seidel, CCIM
    (941) 544-2970
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.