5-Unit Strip
For Sale
$799,900
2550 PLACIDA RD, Englewood, FL 34224
Retail property with five commercial units, built in 1990 and located in Englewood.
Property Size3,780 SF
Days on Market60
Property Features for 2550 PLACIDA RD
General Information
Standard status
Active
Size
3,780 SF
Property subtype
Retail
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$8,590
Building Details
Building Size
3,780 SF
Year Built
1990
Tenancy
Multi
Listing Agency:
SUN REALTY
Listed By:
Jerry Saxe · License #3094408
(941) 456-9674
Source:
Nixandassociates
Added: Aug 12
Changed: Oct 10
Last Checked: Oct 10 at 2:47AM
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 SUN REALTY
Investment Insights
Based on property information with market context.
This strip mall includes five commercial units and was built in 1990. The property is classified within the strip mall and retail property categories and is located at 2550 Placida in Englewood, Florida.
The listing requires appointments with 24 hours’ notice, and tenants should not be disturbed. Drive-by viewing is permitted. Walk Score is 24, indicating a car-dependent setting, while Bike Score is 43, classified as somewhat bikeable.
The listing requires appointments with 24 hours’ notice, and tenants should not be disturbed. Drive-by viewing is permitted. Walk Score is 24, indicating a car-dependent setting, while Bike Score is 43, classified as somewhat bikeable.
Key Highlights
- Five commercial units
- Built in 1990
- Located at 2550 Placida, Englewood, FL 34224
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,242
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,344,840
$1.3M
Cap Rate 7%
$960,600
$960.6K
Cap Rate 9%
$747,133
$747.1K
Market Conditions
NOI Build-Up for 3,780 SF
Gross rent
$99.3K $26.28/SF
− Vacancy
−$3.3K −$0.87/SF
EGI
$96.1K $25.41/SF
− OpEx
−$28.8K −$7.62/SF
NOI
$67.2K $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%
$1,344,840
Cap Rate 7%
$960,600
Cap Rate 9%
$747,133
Alternative Uses
Best Use
Retail
$960.6K
$840.5K – $1.12M
NOI $67,242 @ 7.0% cap · market cap 8.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,638 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
191
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Strip mall - Retail property with five commercial units, built in 1990 and located in Englewood.
Where is this strip mall located?
The property is located at 2550 PLACIDA RD Englewood, FL.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Five commercial units; Built in 1990; Located at 2550 Placida, Englewood, FL 34224
