Furnished
For Sale
$387,500
1825 SHADOW Lane, Englewood, FL 34224
Residential Income, ENGLEWOOD, FL
Property Size1,942 SF
Lot Size0.25 Acres
Price / SF$199.54
Days on Market72
Property Features for 1825 SHADOW Lane
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RMF15
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2
Parking features
Driveway
Patio and Porch features
Porch
Interior features
Ceiling Fans(s)
Exterior features
Fence, Sliding Doors, Storage
Fencing
Fenced
Subdivision
RUBYLEE
Lot features
Street Dead- End, Paved
Elementary school
Vineland Elementary
Middle school
L.A. Ainger Middle
High school
Lemon Bay High
Directions
From W Dearborn, Turn Right onto S Indiana Ave (776) for 3.3 miles, Turn Right onto Shadow Ln for 0.2 miles, Property will be on the Left.
Standard status
Active
APN
412005480011
Size
1,942 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
RUL 000 0000 0012 RUBYLEE LT 12 392/829 489/242 DC804/144 1409/825 3908/1327 4055/1183 3347007
Tax Annual Amount
6224
Legal Description
RUL 000 0000 0012 RUBYLEE LT 12 392/829 489/242 DC804/144 1409/825 3908/1327 4055/1183 3347007
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air, Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1975
Flooring type
Tile - Ceramic, Tile
Building materials
Block, Stucco
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
LASBURY-TRACY REALTY INC.
(941) 474-5585
Listed By:
Austin Tracy · License #3427975
(941) 387-4259
Added: Jun 29
Changed: Sep 3
Last Checked: Sep 8 at 9:06AM
MLS# D6147936
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.
Investment Insights
Based on property information with market context.
This 1,942-square-foot triplex offers three furnished residential units with established long-term occupancy. The property was built in 1975 and includes ceramic tile flooring, ceiling fans, porches, storage, sliding doors, fencing, and driveway parking. Construction features block and stucco, with a shingle roof, electric heat, and a combination of central air and wall or window units.
Set on 0.25 acres at 1825 Shadow Lane in Englewood, the property is situated on a dead-end road near Oyster Creek Environmental Park and its trails and preserve. Public water and public sewer serve the property. RMF15 zoning applies.
Set on 0.25 acres at 1825 Shadow Lane in Englewood, the property is situated on a dead-end road near Oyster Creek Environmental Park and its trails and preserve. Public water and public sewer serve the property. RMF15 zoning applies.
Key Highlights
- Three furnished units with long‑term tenants in place
- 1,942 square feet on a 0.25‑acre parcel
- RMF15 zoning in Englewood
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,786
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$375,720
$375.7K
Cap Rate 7%
$268,371
$268.4K
Cap Rate 9%
$208,733
$208.7K
Market Conditions
NOI Build-Up for 1,942 SF
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.
Gross rent
$33.1K $17.04/SF
− Vacancy
−$6.3K −$3.22/SF
EGI
$26.8K $13.82/SF
− OpEx
−$8.1K −$4.15/SF
NOI
$18.8K $9.67/SF
Area
Charlotte County, FL
Vacancy
18.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$375,720
Cap Rate 7%
$268,371
Cap Rate 9%
$208,733
Alternative Uses
Best Use
Multifamily LT 5
$268.4K
$234.8K – $313.1K
NOI $18,786 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$244.9K
$214.3K – $285.8K
NOI $17,145 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$635.9K
$556.4K – $741.9K
NOI $44,511 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
Explore this area
Business Placement
Demographics for 34224, FL
16,379
Population
11,333
Households
1.4
Avg Household Size
63
Median Age
21%
College-Educated
94%
High-School Grad
12.8 sq mi
ZIP Area
1,280
Density / Sq Mi
$56,862
Median Household Income
$34,450
Median Earnings
$1,219
Median Rent
$262,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three furnished units are occupied by long-term tenants.
Where is this triplex located?
The property is located at 1825 SHADOW Lane Englewood, FL.
What is the asking price?
The asking price for this property is $387,500.
What are key features of this property?
This property features: Three furnished units with long‑term tenants in place; 1,942 square feet on a 0.25‑acre parcel; RMF15 zoning in Englewood
