Building Details

Buildings 3

Listing Agency: American Property Group of Sarasota Inc

Listed By: Adam Seidel · License #FL SL3213728 Show Phone

Source: Crexi

Added: Mar 25 Changed: Oct 6 Last Checked: Oct 14 at 9:23PM

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Investment Insights

Based on property information with market context.

This three-property commercial portfolio includes an office asset at 115 Shamrock Blvd, a multi-tenant retail and office property at 2001 S. McCall Road, and a two-unit property at 17835 Murdock Circle. The assets are located in Venice, Englewood, and Port Charlotte, respectively, and together contain 10,157 square feet.

Existing tenancy supports rental income across the portfolio, with the properties offering a mix of single-tenant and multi-tenant occupancy. The 2001 S. McCall Road property contributes multiple income streams, while the two-unit configuration at 17835 Murdock Circle adds further diversification. Zoning designations identified for the offering are OPI and CG.

Key Highlights

• Three‑property portfolio spanning Venice, Englewood, and Port Charlotte
• 10,157 square feet across the portfolio
• Office asset at 115 Shamrock Blvd

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$180,682

Cap Rate

6.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,613,640 $3.6M

Cap Rate 7%

$2,581,171 $2.6M

Cap Rate 9%

$2,007,578 $2.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,157 SF

Gross rent

$266.9K $26.28/SF

− Vacancy

−$8.8K −$0.87/SF

EGI

$258.1K $25.41/SF

− OpEx

−$77.4K −$7.62/SF

NOI

$180.7K $17.79/SF

Area

Charlotte County, FL

Vacancy

3.30%

Lease Rate

$26.28 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,613,640

Cap Rate 7%

$2,581,171

Cap Rate 9%

$2,007,578

Alternative Uses

Best Use

Retail

$2.58M

$2.26M – $3.01M (±1% cap)

NOI $180,682 @ 7.0% cap · market cap 6.95%

Second Best

Office B

$1.80M

$1.57M – $2.10M (±1% cap)

NOI $125,711 @ 7.0% cap · market cap 4.84%

Theoretical Best

Office A

$3.33M

$2.91M – $3.88M (±1% cap)

NOI $232,798 @ 7.0% cap · market cap 8.96%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Restaurant Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

430

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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Portfolio combines office and multi-tenant commercial assets across Venice, Englewood, and Port Charlotte.

Where is this office building located?

The property is located at 2001 S McCall Rd Englewood, FL.

What is the asking price?

The asking price for this property is $2,599,000.

What are key features of this property?

This property features: Three‑property portfolio spanning Venice, Englewood, and Port Charlotte; 10,157 square feet across the portfolio; Office asset at 115 Shamrock Blvd