Retail Property with Covered
For Sale
Under Contract
$1,100,000
2900 PLACIDA Road, Englewood, FL 34224
Commercial Sale, ENGLEWOOD, FL
Property Size9,765 SF
Lot Size1.48 Acres
Price / SF$112.65
Days on Market44
Property Features for 2900 PLACIDA Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
CG
Subdivision
GROVE CITY/GULF
Directions
Take I-75 to Exit 191 - River Road / North Port / Englewood. Turn right onto River Road (CR 777). Continue on River Road for approximately 12 miles. The road will eventually lead toward Englewood. Turn right onto Winchester Boulevard. Follow Winchester Boulevard for about 4 miles. Turn right onto Placida Road (CR 775). Continue south on Placida Road for approximately 2.5 miles. 2900 Placida Road will be on your left, in the commercial plaza between the intersections with San Casa Drive and Rotonda Boulevard.
Standard status
Active Under Contract
APN
412017261001
Size
9,765 SF
Lot size
1.48 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ZZZ 174120 P10 17 41 20 P-10 1.48 AC. M/L A PARCEL DESC AS: BEG AT SW COR OF BLOCK 129 VACATED TH NW 377.52 FT NE 168.91 FT TO SW ROW SR775 TH SE ALG ROW 376.08 FT TO SE COR BLK 128 VAC TH SW 167.66 FT TO POB 75/309 98/167 516/951 1012/1935 1093/577 E1406/144
Tax Annual Amount
15711
Legal Description
ZZZ 174120 P10 17 41 20 P-10 1.48 AC. M/L A PARCEL DESC AS: BEG AT SW COR OF BLOCK 129 VACATED TH NW 377.52 FT NE 168.91 FT TO SW ROW SR775 TH SE ALG ROW 376.08 FT TO SE COR BLK 128 VAC TH SW 167.66 FT TO POB 75/309 98/167 516/951 1012/1935 1093/577 E1406/144
Utilities
Cooling system
Zoned
Building Details
Year built
1996
Floors in Building
1
Building materials
Frame
Roof type
Shingle
Listing Agency:
WAGNER REALTY
(941) 727-2800
Listed By:
Ryan Hoffman · License #3051574
(941) 773-9184
Added: Jul 13
Changed: Aug 24
Last Checked: Aug 25 at 2:06AM
MLS# A4699827
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail property includes approximately 5,700 SF of air-conditioned interior space and an additional 3,600 SF of covered area. The 1996 frame building features zoned cooling and a shingle roof, with the site offering room for future expansion or reconfiguration.
The property occupies approximately 1.48 acres along Placida Road (SR 775) in Englewood, with access to SR 776 and the surrounding Englewood and Port Charlotte markets. CG zoning supports a broad range of commercial applications, including retail, service, contractor, and warehouse uses.
The property occupies approximately 1.48 acres along Placida Road (SR 775) in Englewood, with access to SR 776 and the surrounding Englewood and Port Charlotte markets. CG zoning supports a broad range of commercial applications, including retail, service, contractor, and warehouse uses.
Key Highlights
- +/-5,700 SF under air plus +/-3,600 SF covered space
- +/-1.48 acres with room for expansion
- CG (Commercial General) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$91,635
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,832,700
$1.8M
Cap Rate 7%
$1,309,071
$1.3M
Cap Rate 9%
$1,018,167
$1.0M
Market Conditions
NOI Build-Up for 9,765 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,832,700
Cap Rate 7%
$1,309,071
Cap Rate 9%
$1,018,167
Alternative Uses
Best Use
Retail
$2.48M
$2.17M – $2.90M
NOI $173,709 @ 7.0% cap · market cap 15.79%
Second Best
Warehouse
$1.31M
$1.15M – $1.53M
NOI $91,635 @ 7.0% cap · market cap 8.33%
Theoretical Best
Office A
$3.20M
$2.80M – $3.73M
NOI $223,814 @ 7.0% cap · market cap 20.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
233
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - CG-zoned commercial property with flexible space for retail, service, warehouse, or contractor operations.
Where is this retail space located?
The property is located at 2900 PLACIDA Road 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 plus +/-3,600 SF covered space; +/-1.48 acres with room for expansion; CG (Commercial General) zoning
