Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Manasota Key Multifamily Investment Opportunity Title is generated by Realmo AI

    1290 SHORE VIEW Dr, Englewood, FL 34223

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,200,000

    Five-unit multifamily property on Manasota Key, being sold as-is.

    Type:Investment
    Lot size:
    0.21 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    58
    Last Refresh:
    Mar 10 at 9:21 am

    Property Features for 1290 SHORE VIEW Dr

    General Information

    Standard status
    Active
    Lot size
    0.21 Acres
    Property subtype
    Investment

    Building Details

    Year Built
    1956

    We can help!

    Listing Contact
    Cherry Jaramillo
    Cherry Jaramillo

    Listing agent Cherry Jaramillo

    Listing office

    Listing date Mar 24, 2026

    Source Elliman

    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 Cherry Jaramillo

    HighLights

    • Investment opportunity on Manasota Key with 5 units.
    • Located in a peaceful beach town.
    • Close proximity to white‑sand beaches.
    • Potential for stunning sunrises over Lemon Bay and sunsets over the Gulf of Mexico.
    • Top unit is a 2‑bedroom unit upstairs.
    • Local restaurants offer fresh seafood and live music.

    Overview

    This multifamily property on Manasota Key presents an investment opportunity. The property consists of a duplex and a triplex on the same lot, totaling five units with six bedrooms and six bathrooms. The units are being sold "AS IS". The top unit is a 2-bedroom unit upstairs. All lower level units flooded due to the hurricane and are being sold as is. Located in a beach town, the property offers access to sunrises over Lemon Bay and sunsets over the Gulf of Mexico. The beaches of Manasota Key are nearby. Local restaurants offer seafood and live music.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Englewood
    County
    Charlotte
    State
    Florida
    Longitude
    -82.345
    Latitude
    26.9866

    Nearby Similar for Sale

    • $975,000
      4,851 SF

      Englewood Income-Producing Commercial Opportunity

      Well-maintained commercial property with three office units and ample parking.
      501 S INDIANA AVENUE, ENGLEWOOD, FL 34223
      View Details
    • $350,000
      560 SF

      Englewood Commercial Intensive Property

      Commercial Intensive property in Old Englewood Village, ideal for automotive.
      54 HARVARD STREET, ENGLEWOOD, FL 34223
      View Details
    • $325,000
      872 SF

      Updated Commercial Building Near Beaches

      Freestanding, updated commercial building ideal for office or retail.
      150 E BAY HEIGHTS ROAD, ENGLEWOOD, FL 34223
      View Details
    • $1,250,000
      3,750 SF

      ENGLEWOOD Warehouse, Storage, and Office

      Remodeled warehouse, storage, and office property on 1.1 acres.
      180 ARTISTS AVENUE, ENGLEWOOD, FL 34223
      View Details
    • $1,200,000
      5,640 SF

      Englewood Retail Strip Plaza

      Fully leased retail plaza on major highway in Englewood, Florida.
      119 S INDIANA AVENUE, ENGLEWOOD, FL 34223
      View Details
    • $1,950,000
      3,340 SF

      Turnkey Warehouse/Office Setup

      Commercial site with warehouse, office, and frontage on Placida Road.
      3060 PLACIDA ROAD, 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 ROAD, ENGLEWOOD, FL 34223
      View Details
    • $480,000
      2,302 SF

      New Englewood Duplex Investment Opportunity

      New construction duplex in East Englewood, ideal for investment.
      9275 Anita Avenue, Englewood, FL 34224
      View Details
    • $999,999
      1,774 SF

      Turnkey Restaurant Opportunity

      Commercial property with established seafood restaurant for sale in Englewood.
      2901 PLACIDA ROAD, ENGLEWOOD, FL 34224
      View Details
    • $999,999
      1,774 SF

      Turnkey Restaurant Opportunity

      Commercial property with established seafood restaurant for sale.
      2901 PLACIDA ROAD, ENGLEWOOD, FL 34224
      View Details
    • $349,000
      2,188 SF

      Englewood Duplex: Income Potential

      Well-maintained duplex in Englewood with immediate income potential.
      689 MICHIGAN AVENUE, ENGLEWOOD, FL 34223
      View Details
    • $410,000
      1,996 SF

      Furnished Duplex with Heated Pool

      Englewood duplex with heated pool, tiki bar, and fenced yard.
      9297 ANITA AVENUE, ENGLEWOOD, FL 34224
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Five-unit multifamily property on Manasota Key, being sold as-is.
    Where is this multifamily property located?
    The property is located at 1290 SHORE VIEW Dr Englewood, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Investment opportunity on Manasota Key with 5 units.; Located in a peaceful beach town.; Close proximity to white‑sand beaches.
    (941) 447-8588
    We can help!
    Listing Contact
    Cherry Jaramillo
    Cherry Jaramillo
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1290 SHORE VIEW Dr, Englewood, FL 34223
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!