Three-Unit Office
501 S INDIANA Avenue Englewood, FL 34223
For Sale
$975,000
COMMERCIAL - ENGLEWOOD, FL
Property Size4,851 SF
Lot Size0.67 Acres
Price / SF$200.99
Days on Market116
Property Features for 501 S INDIANA Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- OPI
- Window features
- Blinds
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 0854040001
- Size
- 4,851 SF
- Lot size
- 0.67 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOTS 1 THRU 7 & W 1/2 OF VAC ALLEY ADJ TO E & N 1/2 OF VAC ALLEY ADJ TO S & LESS W 20 FT THEREOF FOR R/W ALSO LESS R/W FOR SR 776 DESC IN OR 2582/2495 BLK 1 & ALSO LOTS 1 THRU 5 & E 1/2 OF
- Tax Annual Amount
- 10816
Utilities
- Utilities
- Phone Available
- Sewer type
- Public Sewer
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1986
- Floors in Building
- 1
- Flooring type
- Laminate, Carpet, Vinyl, Tile
- Building materials
- Concrete, Vinyl Siding
- Roof type
- Shingle
Listing Agency:
COMPASS FLORIDA
(941) 205-8478
Listed By:
Brian Helgemo · License #274501399
(941) 205-8478
Added: Apr 3
Changed: Jul 22
Last Checked: Jul 27 at 6:06AM
MLS# C7524449
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 well-maintained office property includes three separate office suites under zoning OPI (Office, Professional, Institutional). Suite A offers a reception area with front desk, four private offices (including a conference room), an equipment room, break room, and two restrooms. Suite B features a front office, back room, office/mailroom, and a kitchen area. Suite C includes a reception area with a sliding window to the administrative office, conference room, storage and copier rooms, open workspace with cubicles, two private offices, and two restrooms.
The property is positioned on a prominent corner lot and provides parking for 31 vehicles, including two ADA-compliant spaces. Located in Englewood, it has accessibility from both north and southbound routes along a high-traffic corridor.
Units B and C were most recently leased together, offering flexibility for single-tenant or multi-tenant use. Suite A is currently leased to a long-term tenant.
The property is positioned on a prominent corner lot and provides parking for 31 vehicles, including two ADA-compliant spaces. Located in Englewood, it has accessibility from both north and southbound routes along a high-traffic corridor.
Units B and C were most recently leased together, offering flexibility for single-tenant or multi-tenant use. Suite A is currently leased to a long-term tenant.
Key Highlights
- Over 4,800 total SF commercial property in Englewood with three office units (Suite A, B, and C)
- Zoned OPI (Office, Professional, Institutional) for a variety of professional and business uses
- 31 parking spaces on an oversized parcel, including two ADA‑compliant parking spots
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.8k | $21.60 |
| − Vacancy | −$24.7k | −$5.10 |
| EGI | $80.1k | $16.50 |
| − OpEx | −$20.0k | −$4.13 |
| NOI | $60.0k | $12.38 |
4,851 SF · lease $21.60/SF/yr · vacancy 23.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$857.7K
$750.5K – $1.00M
NOI $60,040 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,185 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Well-maintained three-office suite property zoned OPI on a corner lot with 31 parking spaces.
Where is this office units located?
The property is located at 501 S INDIANA Avenue 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: Over 4,800 total SF commercial property in Englewood with three office units (Suite A, B, and C); Zoned OPI (Office, Professional, Institutional) for a variety of professional and business uses; 31 parking spaces on an oversized parcel, including two ADA‑compliant parking spots
