Spacious Warehouse with Office
For Sale
$1,950,000
3060 PLACIDA ROAD, Englewood, FL 34224
3-acre commercial site with 9,000 sq ft warehouse/office.
Property Size3,340 SF
Lot Size3.00 Acres
Price / SF$583.83
Days on Market295
Property Features for 3060 PLACIDA ROAD
General Information
Standard status
Active
Size
3,340 SF
Lot size
3.00 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$19,719
Amenities
Central air
Pool
Public Pool
Central Air Cooling
Building Details
Year Built
1988
Listing Agency:
LASBURY-TRACY REALTY INC.
(941) 474-5585
Listed By:
AUSTIN TRACY · License #3427975
(941) 387-4259
Source:
Corcoran
Added: Nov 13, 2025
Changed: Sep 4
Last Checked: Sep 4 at 7:16AM
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 LASBURY-TRACY REALTY INC.
Investment Insights
Based on property information with market context.
This commercial property is situated on approximately 3 acres, featuring over 300 feet of frontage. The site includes a 9,000 sq ft warehouse, with about 3,300 sq ft of air-conditioned space. The warehouse incorporates a fully built-out two-story office and a large roll-up door, facilitating the entry of vehicles and equipment. The Commercial General zoning provides flexibility for various uses, including auto-related businesses, marine equipment sales and service, and machinery operations. This property is suitable for businesses requiring substantial operational and expansion space.
Key Highlights
- Large 3‑acre commercial site with over 300 feet of frontage on Placida Road.
- 9,000 sq ft warehouse with 3,300 sq ft of air‑conditioned space.
- Fully built‑out two‑story office** within the warehouse.
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
$59,415
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
3.05%
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%
$1,188,300
$1.2M
Cap Rate 7%
$848,786
$848.8K
Cap Rate 9%
$660,167
$660.2K
Market Conditions
NOI Build-Up for 3,340 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
$87.8K $26.28/SF
− Vacancy
−$2.9K −$0.87/SF
EGI
$84.9K $25.41/SF
− OpEx
−$25.5K −$7.62/SF
NOI
$59.4K $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 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%
$1,188,300
Cap Rate 7%
$848,786
Cap Rate 9%
$660,167
Alternative Uses
Best Use
Retail
$848.8K
$742.7K – $990.3K
NOI $59,415 @ 7.0% cap · market cap 3.05%
Second Best
Office B
$590.6K
$516.7K – $689.0K
NOI $41,339 @ 7.0% cap · market cap 2.12%
Theoretical Best
Office A
$1.09M
$956.9K – $1.28M
NOI $76,553 @ 7.0% cap · market cap 3.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Well-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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Self Storage — 4409 Placida Rd, Englewood, FL 34224
- iStorage — 4381 Placida Rd, Englewood, FL 34224
- Loop net storage — 4752 Placida Rd, Englewood, FL 34224
- Storage Brothers Englewood — 3401 Placida Rd, Grove City, FL 34224
- Stump Pass Marina — 260 Maryland Ave, Englewood, FL 34224
Frequently Asked Questions
What type of property is this?
Warehouse - 3-acre commercial site with 9,000 sq ft warehouse/office.
Where is this warehouse located?
The property is located at 3060 PLACIDA ROAD Englewood, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Large 3‑acre commercial site with over 300 feet of frontage on Placida Road.; 9,000 sq ft warehouse with **3,300 sq ft of air‑conditioned space.**; Fully built‑out two‑story office** within the warehouse.
