Five-Unit Retail Strip
2550 Placida Road, Englewood, FL 34224
For Sale
New
$799,900
A fully leased, multi-tenant retail property with reported tenant waiting lists.
Property Size3,780 SF
Price / SF$211.61
Days on Market4
Property Features for 2550 Placida Road
General Information
Standard status
Size
Zoning
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
true
15085
0.35
false
Asphalt
Slab
Highway
3780
1
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
SUN REALTY
(941) 964-8180
Listed By:
Dawn Havens
(941) 504-7845
Source:
Mybrcgroup
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 7 at 10:54PM
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
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Investment Insights
Based on property information with market context.
Built in 1990, this 3,780-square-foot retail property contains five units. All units are rented, and the property has reported waiting lists for tenants. Only one lease is currently in place, at $1,800 per month.
The property is at 2550 Placida Road in Englewood, Florida, and is zoned CG. Showings require an appointment with 24 hours’ notice; do not disturb tenants. Drive-by viewing is permitted.
The property is at 2550 Placida Road in Englewood, Florida, and is zoned CG. Showings require an appointment with 24 hours’ notice; do not disturb tenants. Drive-by viewing is permitted.
Key Highlights
- Five retail units, all currently rented
- Reported tenant waiting lists
- 3,780 square feet; built in 1990
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - A fully leased, multi-tenant retail property with reported tenant waiting lists.
Where is this strip mall located?
The property is located at 2550 Placida Road 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 retail units, all currently rented; Reported tenant waiting lists; 3,780 square feet; built in 1990
