Spacious Warehouse with Office
For Sale
$1,950,000
3060 PLACIDA Rd, Englewood, FL 34224
3-acre commercial site with 9,000 SF warehouse and office.
Property Size3,340 SF
Lot Size3.00 Acres
Price / SF$216.67
Days on Market166
Property Features for 3060 PLACIDA Rd
General Information
Standard status
Active
Size
3,340 SF
Lot size
3.00 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$19,719
Building Details
Building Size
3,340 SF
Year Built
1988
Listing Agency:
Lasbury-Tracy Real Estate, Inc
(941) 387-4259
Listed By:
Austin Tracy · License #3427975
(941) 387-4259
Source:
Elliman
Added: Mar 11
Changed: Aug 14
Last Checked: Aug 22 at 7:50AM
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 Real Estate, Inc
Investment Insights
Based on property information with market context.
This commercial property is situated on approximately 3 acres, comprising two parcels with over 300 feet of frontage on Placida Road. The property includes a 9,000 sq ft warehouse, featuring about 3,300 sq ft of air-conditioned space and a fully built-out two-story office. A large roll-up door provides direct access for vehicles and equipment. The Commercial General zoning allows for a range of uses, including auto-related businesses, marine equipment sales and service, and machinery sales and service. This property is suitable for businesses needing space to operate and expand.
Key Highlights
- Prime commercial location on Placida Road in a rapidly growing corridor.
- Substantial 3‑acre site across two parcels with over 300 feet of frontage.
- Turnkey 9,000 sq ft warehouse with 3,300 sq ft of air‑conditioned space.
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
$160,100
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
8.21%
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%
$3,202,000
$3.2M
Cap Rate 7%
$2,287,143
$2.3M
Cap Rate 9%
$1,778,889
$1.8M
Market Conditions
NOI Build-Up for 9,000 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
$236.5K $26.28/SF
− Vacancy
−$7.8K −$0.87/SF
EGI
$228.7K $25.41/SF
− OpEx
−$68.6K −$7.62/SF
NOI
$160.1K $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%
$3,202,000
Cap Rate 7%
$2,287,143
Cap Rate 9%
$1,778,889
Alternative Uses
Best Use
Retail
$2.29M
$2.00M – $2.67M
NOI $160,100 @ 7.0% cap · market cap 8.21%
Second Best
Office B
$1.59M
$1.39M – $1.86M
NOI $111,391 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,280 @ 7.0% cap · market cap 10.58%
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
- Storage Brothers Englewood — 3401 Placida Rd, Grove City, FL 34224
- Stump Pass Marina — 260 Maryland Ave, Englewood, FL 34224
- iStorage — 4381 Placida Rd, Englewood, FL 34224
- Self Storage — 4409 Placida Rd, Englewood, FL 34224
- Loop net storage — 4752 Placida Rd, Englewood, FL 34224
Frequently Asked Questions
What type of property is this?
Warehouse - 3-acre commercial site with 9,000 SF warehouse and office.
Where is this warehouse located?
The property is located at 3060 PLACIDA Rd 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: Prime commercial location on Placida Road in a rapidly growing corridor.; Substantial 3‑acre site across two parcels with over 300 feet of frontage.; Turnkey 9,000 sq ft warehouse with **3,300 sq ft of air‑conditioned space.**
