Modern Industrial Flex
For Sale
$875,000
Pending
4275 Access Road, Englewood, FL 34224
Updated flex building with private office, two bathrooms, and storage shed on SR-776 with 100’ frontage.
Property Size4,055 SF
Days on Market169
Property Features for 4275 Access Road
General Information
Standard status
Pending
Size
4,055 SF
Property subtype
Mixed Use
Zoning
CG
Site & Location
Traffic Count
30,000 vehicles/day
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$7,851
Amenities
Central Air
3
Building Details
Year Built
1985
Year Renovated
2023
Listing Agency:
KELLER WILLIAMS ISLAND LIFE REAL ESTATE
(941) 254-6467
Listed By:
Rebekah McCracken · License #3214512
Source:
Xome
Added: Feb 26
Changed: Aug 12
Last Checked: Aug 14 at 4:22AM
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 KELLER WILLIAMS ISLAND LIFE REAL ESTATE
Investment Insights
Based on property information with market context.
Updated modern industrial flex building on 4275 S Access Road in Englewood, FL, offering a private office and two bathrooms. The interior includes finished concrete floors and architectural open-beam ceilings, with a new 200-amp electrical panel. The structure is laid out so it can be divided for multi-tenant leasing, and there is also a storage shed at the rear of the building.
The property sits in Flood Zone X and is zoned CG. It provides high visibility with approximately 100 feet of frontage on SR-776, where public remarks indicate average daily traffic exceeding 30,000. Public sewer is available at the street, and the seller notes the 2023 renovation along with major capital improvements including a 2020 commercial roof and replacement of two HVAC units in 2019.
For expanded development, two adjacent commercial lots are also available for an additional purchase, with public remarks indicating the additional land totals another 100 feet of frontage on SR-776.
The property sits in Flood Zone X and is zoned CG. It provides high visibility with approximately 100 feet of frontage on SR-776, where public remarks indicate average daily traffic exceeding 30,000. Public sewer is available at the street, and the seller notes the 2023 renovation along with major capital improvements including a 2020 commercial roof and replacement of two HVAC units in 2019.
For expanded development, two adjacent commercial lots are also available for an additional purchase, with public remarks indicating the additional land totals another 100 feet of frontage on SR-776.
Key Highlights
- 3,000+ AADT corridor frontage on SR‑776 with 100 ft frontage; public sewer available at the street
- Extensive 2023 renovation: finished concrete floors, architectural open‑beam ceilings, and new 200‑amp electrical panel
- 1985‑built modern industrial flex building with flexible layout including private office and two bathrooms
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
$50,188
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
5.74%
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%
$1,003,760
$1.0M
Cap Rate 7%
$716,971
$717.0K
Cap Rate 9%
$557,644
$557.6K
Market Conditions
NOI Build-Up for 4,055 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
$87.6K $21.60/SF
− Vacancy
−$20.7K −$5.10/SF
EGI
$66.9K $16.50/SF
− OpEx
−$16.7K −$4.13/SF
NOI
$50.2K $12.38/SF
Area
Charlotte County, FL
Vacancy
23.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,003,760
Cap Rate 7%
$716,971
Cap Rate 9%
$557,644
Alternative Uses
Best Use
Office B
$717.0K
$627.4K – $836.5K
NOI $50,188 @ 7.0% cap · market cap 5.74%
Second Best
Warehouse
$543.6K
$475.7K – $634.2K
NOI $38,052 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,941 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
30,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
131
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Updated flex building with private office, two bathrooms, and storage shed on SR-776 with 100’ frontage.
Where is this flex space located?
The property is located at 4275 Access Road Englewood, FL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 3,000+ AADT corridor frontage on SR‑776 with 100 ft frontage; public sewer available at the street; Extensive 2023 renovation: finished concrete floors, architectural open‑beam ceilings, and new 200‑amp electrical panel; 1985‑built modern industrial flex building with flexible layout including private office and two bathrooms
