Updated Freestanding Office
150 E BAY HEIGHTS Road, Englewood, FL 34223
For Sale
$325,000
Commercial Sale, ENGLEWOOD, FL
Property Size872 SF
Lot Size0.11 Acres
Price / SF$372.71
Days on Market192
Property Features for 150 E BAY HEIGHTS Road
General Information
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Property subtype
Zoning
Subdivision
Lot features
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Standard status
APN
Size
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Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
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Heating system
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Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
LASBURY-TRACY REALTY INC.
(941) 474-5585
Listed By:
Bart Tracy II · License #3067180
(941) 416-4114
Added: Apr 30
Changed: Oct 2
Last Checked: Nov 7 at 5:06AM
MLS# D6147285
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This freestanding office property contains 872 square feet within a 1940 frame building. The interior includes two large rooms, a break room, full bathroom, laundry area, and storage. Hardwood floors and exposed beam ceilings retain the character of the original bungalow, while updated siding, a metal roof, central heating, and central air provide practical improvements. Public water and sewer serve the property, with phone service available.
The property is located at 150 E Bay Heights Road in Englewood, one block from SR776 and across from a local bank. It is approximately two miles from Manasota Key beaches. The 0.11-acre site includes onsite parking and carries CG zoning.
The property is located at 150 E Bay Heights Road in Englewood, one block from SR776 and across from a local bank. It is approximately two miles from Manasota Key beaches. The 0.11-acre site includes onsite parking and carries CG zoning.
Key Highlights
- 872‑square‑foot freestanding office building
- CG zoning with two large interior rooms
- Updated siding and metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,793
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,860
$215.9K
Cap Rate 7%
$154,186
$154.2K
Cap Rate 9%
$119,922
$119.9K
Market Conditions
NOI Build-Up for 872 SF
Gross rent
$18.8K $21.60/SF
− Vacancy
−$4.4K −$5.10/SF
EGI
$14.4K $16.50/SF
− OpEx
−$3.6K −$4.13/SF
NOI
$10.8K $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%
$215,860
Cap Rate 7%
$154,186
Cap Rate 9%
$119,922
Alternative Uses
Best Use
Office B
$154.2K
$134.9K – $179.9K
NOI $10,793 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$285.5K
$249.8K – $333.1K
NOI $19,986 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
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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
$358,000
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Englewood, FL
Properties on Market for Office Units in Englewood
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - CG-zoned office property with flexible rooms, onsite parking, and updated building systems.
Where is this office unit 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: 872‑square‑foot freestanding office building; CG zoning with two large interior rooms; Updated siding and metal roof
