Three-Unit Office
501 S INDIANA AVENUE Englewood, FL 34223
501 S INDIANA AVENUE, Englewood, FL, 34223
$975,000
For Sale
$975,000
Well-maintained office building with three suites, 31 parking spaces, and OPI zoning for flexible professional use.
Property Size4,800 SF
Price / SF$203.13
Days on Market110
Property Features for 501 S INDIANA AVENUE
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1986
Listing Agency
COMPASS FLORIDA
(941) 205-8478
Listed by
Brian Helgemo · License #274501399
(941) 205-8478
Source
Mbifloridarealty
Added: Apr 3 Updated: Jul 10 at 2:09 pm Checked: Jul 19 at 5:01 am
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 well-maintained commercial property is configured as three separate office units on an oversized corner lot. The building is zoned OPI (Office, Professional, Institutional) and totals approximately 4,800 square feet across Suites A, B, and C. Suite A is approximately 1,700 square feet and includes a reception area with front desk, four private offices (including a conference room), an equipment room, break room, and two restrooms. Suite B is approximately 600 square feet with a front office, back room, office/mailroom, and a kitchen area. Suite C is approximately 1,900 square feet and features a reception area with a sliding window to the administrative office, conference room, storage and copier rooms, an open workspace with cubicles, two private offices, and two restrooms. Units B and C were most recently leased together, supporting flexibility for single or multiple tenants.
The property is positioned for visibility on a prominent corner lot, located along a high-traffic corridor with access from both northbound and southbound routes. Parking is available on-site with 31 spaces, including two ADA-compliant spots.
For tenants and owners, the OPI zoning and suite-by-suite layout can accommodate a range of professional uses. Suite A is currently leased to a long-term tenant, while Suites B and C can be planned as individual spaces or combined for larger office configurations, depending on the operating needs.
The property is positioned for visibility on a prominent corner lot, located along a high-traffic corridor with access from both northbound and southbound routes. Parking is available on-site with 31 spaces, including two ADA-compliant spots.
For tenants and owners, the OPI zoning and suite-by-suite layout can accommodate a range of professional uses. Suite A is currently leased to a long-term tenant, while Suites B and C can be planned as individual spaces or combined for larger office configurations, depending on the operating needs.
Key Highlights
- 1986‑built commercial office property in Englewood with OPI zoning (Office, Professional, Institutional)
- Over 4,800 total SF across 3 office suites: Suite A (~1,700 SF), Suite B (~600 SF), and Suite C (~1,900 SF)
- Suite A is leased long‑term and includes reception area, front desk, four private offices (incl. conference), equipment room, break room, and 2 restrooms
Local 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 | $103.7k | $21.60 |
| − Vacancy | −$24.5k | −$5.10 |
| EGI | $79.2k | $16.50 |
| − OpEx | −$19.8k | −$4.13 |
| NOI | $59.4k | $12.38 |
4,800 SF · lease $21.60/SF/yr · vacancy 23.60% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Well-maintained office building with three suites, 31 parking spaces, and OPI zoning for flexible professional use.
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: 1986‑built commercial office property in Englewood with OPI zoning (Office, Professional, Institutional); Over 4,800 total SF across 3 office suites: Suite A (~1,700 SF), Suite B (~600 SF), and Suite C (~1,900 SF); Suite A is leased long‑term and includes reception area, front desk, four private offices (incl. conference), equipment room, break room, and 2 restrooms
