Condo Unit with Open
For Sale
$175,525
1460 S MCCALL ROAD #3F, Englewood, FL 34223
1,003 SF condo unit featuring an open layout.
Property Size1,003 SF
Lot Size0.07 Acres
Price / SF$175
Days on Market1239
Property Features for 1460 S MCCALL ROAD #3F
General Information
Standard status
Active
Size
1,003 SF
Lot size
0.07 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,055
Amenities
Central air
Central Air Cooling
Building Details
Year Built
1989
Listing Agency:
COLDWELL BANKER REALTY
(941) 639-0090
Listed By:
KAYLA WEISS-BOHNSTEDT · License #3370154
(941) 268-4423
Source:
Corcoran
Added: May 31, 2023
Changed: Oct 19
Last Checked: Oct 19 at 6:30AM
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
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Investment Insights
Based on property information with market context.
A 1,003 square foot condominium unit is available. Located on the 3rd floor, the unit features an open layout floor plan. The property includes an elevator and signage on 776. A garage is included for storage. The association's insurance is scheduled to replace the ceiling tiles and repair the restroom.
Key Highlights
- Amazing views
- Garage for storage
- Open layout floor plan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,855
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$177,100
$177.1K
Cap Rate 7%
$126,500
$126.5K
Cap Rate 9%
$98,389
$98.4K
Market Conditions
NOI Build-Up for 1,003 SF
Gross rent
$20.1K $20.04/SF
− Vacancy
−$4.0K −$3.99/SF
EGI
$16.1K $16.05/SF
− OpEx
−$7.2K −$7.22/SF
NOI
$8.9K $8.83/SF
Area
Charlotte County, FL
Vacancy
19.90%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$177,100
Cap Rate 7%
$126,500
Cap Rate 9%
$98,389
Alternative Uses
Best Use
Apartment 5plus
$126.5K
$110.7K – $147.6K
NOI $8,855 @ 7.0% cap · market cap 5.04%
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
601
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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Frequently Asked Questions
What type of property is this?
Residential income property - 1,003 SF condo unit featuring an open layout.
Where is this residential income property located?
The property is located at 1460 S MCCALL ROAD #3F 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: Amazing views; Garage for storage; Open layout floor plan
