Third-Floor Office Condo
For Sale
$175,525
3f-1460 S Mccall Rd, Englewood, FL 34223
Open-layout office condo with elevator access and private storage garage space.
Property Size1,003 SF
Price / SF$175
Days on Market1229
Property Features for 3f-1460 S Mccall Rd
General Information
Standard status
Active
Size
1,003 SF
Taxes and HOA fees
Annual Taxes
$1,054
Listing Agency:
COLDWELL BANKER REALTY
(941) 639-0090
Listed By:
Kayla Weiss-Bohnstedt · License #3370154
(941) 268-4423
Source:
Exprealty
Added: May 31, 2023
Changed: Sep 5
Last Checked: Oct 9 at 9:36PM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This third-floor office condo unit offers an open layout floor plan designed for flexible workspace planning. The property includes elevator access for convenient building entry. Association updates are underway, with insurance replacing ceiling tiles and fixing the restroom. The unit also includes a garage space for storage.
The office condo is part of a building where the association provides signage, noted at 776 in the remarks. The unit is identified as 3f-1460 S Mccall Rd, Englewood, FL.
For tenants, buyers, and owner-operators, the open layout can support a range of office uses where flexible configuration is important. Elevator service and the included storage garage space add day-to-day practicality, while the upcoming ceiling and restroom updates help standardize the interior environment within the unit.
The office condo is part of a building where the association provides signage, noted at 776 in the remarks. The unit is identified as 3f-1460 S Mccall Rd, Englewood, FL.
For tenants, buyers, and owner-operators, the open layout can support a range of office uses where flexible configuration is important. Elevator service and the included storage garage space add day-to-day practicality, while the upcoming ceiling and restroom updates help standardize the interior environment within the unit.
Key Highlights
- 1,003 SF condo unit on the 3rd floor with an open‑layout floor plan
- Elevator access for the unit
- Association insurance will replace ceiling tiles and fix the restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,414
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,280
$248.3K
Cap Rate 7%
$177,343
$177.3K
Cap Rate 9%
$137,933
$137.9K
Market Conditions
NOI Build-Up for 1,003 SF
Gross rent
$21.7K $21.60/SF
− Vacancy
−$5.1K −$5.10/SF
EGI
$16.6K $16.50/SF
− OpEx
−$4.1K −$4.13/SF
NOI
$12.4K $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 Rate 5%
$248,280
Cap Rate 7%
$177,343
Cap Rate 9%
$137,933
Alternative Uses
Best Use
Office B
$177.3K
$155.2K – $206.9K
NOI $12,414 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$328.4K
$287.4K – $383.2K
NOI $22,989 @ 7.0% cap · market cap 13.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Open-layout office condo with elevator access and private storage garage space.
Where is this office units located?
The property is located at 3f-1460 S Mccall Rd Englewood, FL.
What is the asking price?
The asking price for this property is $175,525.
What are key features of this property?
This property features: 1,003 SF condo unit on the 3rd floor with an open‑layout floor plan; Elevator access for the unit; Association insurance will replace ceiling tiles and fix the restroom
