Three-Unit Office
For Sale
$975,000
501 S INDIANA AVE, Englewood, FL 34223
Corner-lot office asset with flexible suites, dedicated parking, and OPI zoning for professional business uses.
Property Size4,851 SF
Price / SF$203.13
Days on Market172
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Property Features for 501 S INDIANA AVE
General Information
Standard status
Active
Size
4,851 SF
Total Parking Spaces
31
Property subtype
Business
Zoning
OPI
Additional Details
Office Units
3
Taxes and HOA fees
Annual Taxes
$10,815
Building Details
Building Size
4,851 SF
Year Built
1986
Tenancy
Multi
Listing Agency:
COMPASS FLORIDA
Listed By:
Brian Helgemo · License #274501399
(941) 205-8478
Source:
Nixandassociates
Added: Apr 27
Changed: Oct 2
Last Checked: Oct 15 at 5:44AM
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 COMPASS FLORIDA
Investment Insights
Based on property information with market context.
This 4,851-square-foot office property contains three suites within a building constructed in 1986. Suite A measures approximately 1,700 SF and includes reception, four private offices, an equipment room, break room, conference room, and two restrooms; it is currently leased to a long-term tenant. Suite B offers approximately 600 SF with front and rear office areas, an office/mailroom, and a kitchen. Suite C encompasses approximately 1,900 SF with reception, administrative, conference, storage, copier, open workspace, three cubicles, two private offices, and two restrooms. Suites B and C were most recently occupied together.
The property occupies a prominent corner parcel at 501 S Indiana Ave in Englewood, Florida. It is zoned OPI (Office, Professional, Institutional) and provides 31 parking spaces, including two ADA-compliant spaces. Access is available from both northbound and southbound routes along the surrounding commercial corridor.
The property occupies a prominent corner parcel at 501 S Indiana Ave in Englewood, Florida. It is zoned OPI (Office, Professional, Institutional) and provides 31 parking spaces, including two ADA-compliant spaces. Access is available from both northbound and southbound routes along the surrounding commercial corridor.
Key Highlights
- 4,851 SF office property with three suites
- OPI (Office, Professional, Institutional) zoning
- 31 parking spaces, including two ADA‑compliant spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,409
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,180
$1.2M
Cap Rate 7%
$848,700
$848.7K
Cap Rate 9%
$660,100
$660.1K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$103.7K $21.60/SF
− Vacancy
−$24.5K −$5.10/SF
EGI
$79.2K $16.50/SF
− OpEx
−$19.8K −$4.13/SF
NOI
$59.4K $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 Rate 5%
$1,188,180
Cap Rate 7%
$848,700
Cap Rate 9%
$660,100
Alternative Uses
Best Use
Office B
$848.7K
$742.6K – $990.2K
NOI $59,409 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.38M – $1.83M
NOI $110,016 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
Explore this area
Business Placement
Demographics for 34223, FL
19,118
Population
14,484
Households
1.3
Avg Household Size
66
Median Age
39%
College-Educated
96%
High-School Grad
41.9 sq mi
ZIP Area
456
Density / Sq Mi
$70,155
Median Household Income
$39,486
Median Earnings
$1,288
Median Rent
$358,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Corner-lot office asset with flexible suites, dedicated parking, and OPI zoning for professional business uses.
Where is this office units located?
The property is located at 501 S INDIANA AVE Englewood, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 4,851 SF office property with three suites; OPI (Office, Professional, Institutional) zoning; 31 parking spaces, including two ADA‑compliant spaces
