Garage Condo Storage
New
For Sale
$199,999
2720 PLACIDA Rd 7, Englewood, FL 34224
Concrete-block, panel-roof garage condo with 16' ceilings, mini-split AC, and a power garage door.
Property Size1,000 SF
Price / SF$199
Days on Market5
Property Features for 2720 PLACIDA Rd 7
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
1
Amenities
mini split AC unit
power garage door
Building Details
Building Size
1,000 SF
Year Built
2024
Construction
concrete block
Listing Agency:
ISLAND BREEZE REAL ESTATE
(941) 979-0222
Listed By:
Rick Lake · License #3247360
(941) 979-0222
Source:
Elliman
Added: Jul 28
Changed: Jul 29
Last Checked: Aug 1 at 5:45AM
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 ISLAND BREEZE REAL ESTATE
Investment Insights
Based on property information with market context.
This garage condo storage unit offers a sturdy, secured build with concrete block walls and concrete roof panels. The space measures 20' x 50' with 16' high ceilings, providing additional vertical room for storage or workspace needs. The unit has been upgraded with a mini-split AC system and includes a power garage door for convenient access.
Located at 2720 Placida Rd in Englewood, Florida, the unit is suited for users looking for a dedicated storage garage format in a car-dependent setting.
With its clear, rectangular interior and practical door access, the layout is designed to support flexible storage use within a construction-forward, climate-assisted environment.
Located at 2720 Placida Rd in Englewood, Florida, the unit is suited for users looking for a dedicated storage garage format in a car-dependent setting.
With its clear, rectangular interior and practical door access, the layout is designed to support flexible storage use within a construction-forward, climate-assisted environment.
Key Highlights
- 2024‑built garage condo with concrete‑block walls and concrete roof panels
- 20' x 50' unit with 16' high ceilings
- Upgraded with a mini‑split AC unit
Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.6k | $15.60 |
| − Vacancy | −$1.0k | −$1.01 |
| EGI | $14.6k | $14.59 |
| − OpEx | −$4.4k | −$4.38 |
| NOI | $10.2k | $10.21 |
1,000 SF · lease $15.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$145.9K
$127.6K – $170.2K
NOI $10,210 @ 7.0% cap · market cap 5.11%
Second Best
Warehouse
$134.1K
$117.3K – $156.4K
NOI $9,384 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$327.4K
$286.5K – $382.0K
NOI $22,920 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
211
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Concrete-block, panel-roof garage condo with 16' ceilings, mini-split AC, and a power garage door.
Where is this self storage facility located?
The property is located at 2720 PLACIDA Rd 7 Englewood, FL.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: 2024‑built garage condo with concrete‑block walls and concrete roof panels; 20' x 50' unit with 16' high ceilings; Upgraded with a mini‑split AC unit
