Englewood Warehouse Condo For
For Sale
$169,900
2730 WORTH AVENUE #8, Englewood, FL 34224
1200 sq ft warehouse condo in central Englewood.
Property Size1,200 SF
Lot Size0.09 Acres
Price / SF$141.58
Days on Market630
Property Features for 2730 WORTH AVENUE #8
General Information
Standard status
Active
Size
1,200 SF
Lot size
0.09 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,050
Amenities
Central air
Metal Roof
Pool
Public Pool
Parking Spaces - 1 to 5
Wall/Window Unit(s) Cooling
Building Details
Year Built
1986
Listing Agency:
TALL PINES REALTY
(941) 475-5015
Listed By:
JEREMY JONES · License #995712552
Source:
Corcoran
Added: Nov 20, 2024
Changed: Aug 8
Last Checked: Aug 8 at 5:56AM
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 TALL PINES REALTY
Investment Insights
Based on property information with market context.
This 1200 sq ft warehouse condo, zoned Industrial General, is located in the central area of Englewood, providing access to Winchester, San Casa, Placida Rd, SR 776, CR 775, and Hwy 41. The commercial unit features a reception area, a coffee bar, three offices, a storage area, and a private bathroom, with the potential for up to five offices. The interior is designed for offices and storage, and the partition wall behind the roll-up door is removable. A new metal roof was installed on the entire building in 2023. The quarterly HOA fees are $800, covering lawn care, insurance, trash removal, electric, water, and rebuilding up the reserve. Each condo unit is responsible for its own FPL bill, which is approximately $100 per month.
Key Highlights
- 1200 sq ft warehouse condo zoned Industrial General in a central Englewood location
- Swift access to major roads: Winchester, San Casa, Placida Rd, SR 776, CR 775, and Hwy 41
- Low maintenance: HOA fees include lawn care, insurance, trash removal, electric, water, and reserve rebuilding
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
$14,852
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
8.74%
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%
$297,040
$297.0K
Cap Rate 7%
$212,171
$212.2K
Cap Rate 9%
$165,022
$165.0K
Market Conditions
NOI Build-Up for 1,200 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
$25.9K $21.60/SF
− Vacancy
−$6.1K −$5.10/SF
EGI
$19.8K $16.50/SF
− OpEx
−$5.0K −$4.13/SF
NOI
$14.9K $12.38/SF
Area
Charlotte County, FL
Vacancy
23.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$297,040
Cap Rate 7%
$212,171
Cap Rate 9%
$165,022
Alternative Uses
Best Use
Office B
$212.2K
$185.7K – $247.5K
NOI $14,852 @ 7.0% cap · market cap 8.74%
Second Best
Warehouse
$160.9K
$140.8K – $187.7K
NOI $11,261 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$392.9K
$343.8K – $458.4K
NOI $27,504 @ 7.0% cap · market cap 16.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34224, FL
16,379
Population
11,333
Households
1.4
Avg Household Size
63
Median Age
21%
College-Educated
94%
High-School Grad
12.8 sq mi
ZIP Area
1,280
Density / Sq Mi
$56,862
Median Household Income
$34,450
Median Earnings
$1,219
Median Rent
$262,200
Median Home Value
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
- Apex Marine Service and Storage, Inc. — 2850 Avenue of the Americas, Englewood, FL 34224
Frequently Asked Questions
What type of property is this?
Warehouse - 1200 sq ft warehouse condo in central Englewood.
Where is this warehouse located?
The property is located at 2730 WORTH AVENUE #8 Englewood, FL.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 1200 sq ft warehouse condo zoned Industrial General in a central Englewood location; Swift access to major roads: Winchester, San Casa, Placida Rd, SR 776, CR 775, and Hwy 41; Low maintenance: HOA fees include lawn care, insurance, trash removal, electric, water, and reserve rebuilding
