Building Details

Year Built 1996

Listing Agency: WAGNER REALTY

Listed By: Ryan Hoffman · License #3051574 Show Phone

Source: Exciterealtyflorida

Added: Jul 29 Changed: Oct 12 Last Checked: Oct 7 at 2:35PM

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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 WAGNER REALTY

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Investment Insights

Based on property information with market context.

This flex property includes approximately 5,700 SF under air and approximately 3,600 SF of covered space on ±1.48 acres. Constructed in 1996, the property is zoned CG (Commercial General), supporting a broad range of commercial applications described for contractor, warehouse, service, and retail users.

The site fronts Placida Rd (SR 775) and offers access to SR 776, connecting the property with the surrounding Englewood and Port Charlotte markets. The combination of enclosed and covered areas provides a practical configuration for commercial operations requiring building space and outdoor coverage.

Key Highlights

• ±5,700 SF under air
• ±3,600 SF of covered space
• ±1.48 acres

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$91,635

Cap Rate

8.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,832,700 $1.8M

Cap Rate 7%

$1,309,071 $1.3M

Cap Rate 9%

$1,018,167 $1.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,765 SF

Gross rent

$117.2K $12.00/SF

− Vacancy

−$9.4K −$0.96/SF

EGI

$107.8K $11.04/SF

− OpEx

−$16.2K −$1.66/SF

NOI

$91.6K $9.38/SF

Area

Charlotte County, FL

Vacancy

8.00%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,832,700

Cap Rate 7%

$1,309,071

Cap Rate 9%

$1,018,167

Alternative Uses

Best Use

Warehouse

$1.31M

$1.15M – $1.53M (±1% cap)

NOI $91,635 @ 7.0% cap · market cap 8.33%

Second Best

Flex RnD

$1.24M

$1.09M – $1.45M (±1% cap)

NOI $87,116 @ 7.0% cap · market cap 7.92%

Theoretical Best

Office A

$3.20M

$2.80M – $3.73M (±1% cap)

NOI $223,814 @ 7.0% cap · market cap 20.35%

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

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Law Firm Hair Salon Real Estate Agency Building Supply Pharmacy Auto Parts Store

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

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

233

Businesses Nearby

Under-served

Demand for This Use

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - CG-zoned commercial property with flexible warehouse, service, contractor, and retail use potential along Placida Road.

Where is this flex space located?

The property is located at 2900 Placida Rd Englewood, FL.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: ±5,700 SF under air; ±3,600 SF of covered space; ±1.48 acres