Freestanding Retail & Office
150 E Bay Heights Road Englewood, FL 34223
For Sale
$325,000
Move-in ready building with updated interior layout, onsite parking, and flexible space for office or retail use.
Property Size924 SF
Price / SF$351.73
Days on Market95
Property Features for 150 E Bay Heights Road
General Information
Standard status
Active
Size
924 SF
Property subtype
Office
Building Details
Year Built
1940
Listing Agency:
LASBURY-TRACY REALTY INC.
(941) 474-5585
Listed By:
Bart Tracy II · License #3067180
Source:
Xome
Added: Apr 27
Changed: Jul 10
Last Checked: Jun 14 at 1:46AM
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 LASBURY-TRACY REALTY INC.
Investment Insights
Based on property information with market context.
This freestanding commercial general zoned building has been recently updated and is set up for immediate occupancy. The interior features hardwood floors, exposed beam ceilings, and two large rooms that can support multiple workstations or product-focused areas. In addition to the main rooms, the space includes a break room, a full bath, and dedicated laundry and storage areas. Exterior improvements include a metal roof and new siding, along with other upgrades noted in the listing.
The property is located one block off SR776 in Central Englewood, with convenient access and easy wayfinding. It is described as across the street from a large local bank and offers plenty of onsite parking.
The layout and finishes make this property a practical fit for a service company seeking office space, or for a small retail business that benefits from a freestanding footprint and straightforward interior organization. With move-in readiness and the combination of open rooms plus supporting back-of-house areas, it supports day-to-day operations without requiring immediate buildout changes.
The property is located one block off SR776 in Central Englewood, with convenient access and easy wayfinding. It is described as across the street from a large local bank and offers plenty of onsite parking.
The layout and finishes make this property a practical fit for a service company seeking office space, or for a small retail business that benefits from a freestanding footprint and straightforward interior organization. With move-in readiness and the combination of open rooms plus supporting back-of-house areas, it supports day-to-day operations without requiring immediate buildout changes.
Key Highlights
- Freestanding commercial building with general zoning and corner lot location, one block off SR776 in Central Englewood
- Recently updated interior layout with two large rooms for multiple work spaces plus break room, full bath, laundry, and storage
- Central Air cooling and heating (3)
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.3k | $26.28 |
| − Vacancy | −$801 | −$0.87 |
| EGI | $23.5k | $25.41 |
| − OpEx | −$7.0k | −$7.62 |
| NOI | $16.4k | $17.79 |
924 SF · lease $26.28/SF/yr · vacancy 3.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$234.8K
$205.5K – $274.0K
NOI $16,437 @ 7.0% cap · market cap 5.06%
Second Best
Office B
$163.4K
$143.0K – $190.6K
NOI $11,436 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$302.5K
$264.7K – $353.0K
NOI $21,178 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Move-in ready building with updated interior layout, onsite parking, and flexible space for office or retail use.
Where is this office building located?
The property is located at 150 E Bay Heights Road Englewood, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Freestanding commercial building with general zoning and corner lot location, one block off SR776 in Central Englewood; Recently updated interior layout with two large rooms for multiple work spaces plus break room, full bath, laundry, and storage; Central Air cooling and heating (3)
