Flex Space with Office and
517 PAUL MORRIS Drive, Englewood, FL 34223
For Sale
$429,000
Commercial Sale, ENGLEWOOD, FL
Property Size2,414 SF
Lot Size1.91 Acres
Price / SF$177.71
Days on Market101
Property Features for 517 PAUL MORRIS Drive
General Information
Property type
Property subtype
Zoning
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
RE/MAX ALLIANCE GROUP · RE/MAX International
(941) 473-8484
Listed By:
Carla Stiver, PA · License #3039882
(941) 270-1460
Added: Jul 30
Changed: Nov 6
Last Checked: Nov 7 at 5:06AM
MLS# D6148261
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.
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Investment Insights
Based on property information with market context.
Units C-2 and C-4 are offered together as a 2,414-square-foot flex property in Paul Morris Industrial Park. The combined spaces include reception and private offices, meeting and work areas, shelving and counters, and storage. Unit C-2 also has a garage bay with an approximately 10-foot-wide by 8-foot-tall roll-up door. Unit C-4 includes an unfinished upper-level storage area. One central HVAC system serves the office areas; additional features include three-phase electric service, smoke detectors, gutters and downspouts, and a newer metal roof. The property was built in 1985 and is zoned PID.
The site is just off River Road, with access to SR-776, US-41, and I-75. Wellen Park is described as minutes away, and the property is positioned between Englewood, Venice, North Port, and Port Charlotte.
The site is just off River Road, with access to SR-776, US-41, and I-75. Wellen Park is described as minutes away, and the property is positioned between Englewood, Venice, North Port, and Port Charlotte.
Key Highlights
- 2,414 square feet across Units C‑2 and C‑4, offered together
- Combination of offices, work areas, shelving, counters, and storage
- Garage bay with an approximately 10‑foot‑wide by 8‑foot‑tall roll‑up door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,653
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,060
$453.1K
Cap Rate 7%
$323,614
$323.6K
Cap Rate 9%
$251,700
$251.7K
Market Conditions
NOI Build-Up for 2,414 SF
Gross rent
$29.0K $12.00/SF
− Vacancy
−$2.3K −$0.96/SF
EGI
$26.7K $11.04/SF
− OpEx
−$4.0K −$1.66/SF
NOI
$22.7K $9.38/SF
Area
Charlotte County, FL
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,060
Cap Rate 7%
$323,614
Cap Rate 9%
$251,700
Alternative Uses
Best Use
Warehouse
$323.6K
$283.2K – $377.6K
NOI $22,653 @ 7.0% cap · market cap 5.28%
Second Best
Flex RnD
$307.7K
$269.2K – $358.9K
NOI $21,536 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$790.4K
$691.6K – $922.2K
NOI $55,329 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Drive-in doors
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Well-served
Demand for This Use
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
$358,000
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Charlotte County, FL
Properties on Market for Flex space in Charlotte County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Two commercial condominium units bring together office, work, storage, and garage-bay areas in an industrial park setting.
Where is this flex space located?
The property is located at 517 PAUL MORRIS Drive Englewood, FL.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 2,414 square feet across Units C‑2 and C‑4, offered together; Combination of offices, work areas, shelving, counters, and storage; Garage bay with an approximately 10‑foot‑wide by 8‑foot‑tall roll‑up door
