Commercial Intensive Automotive
For Sale
$350,000
54 HARVARD STREET, Englewood, FL 34223
Security-fenced automotive service and sales center with office, carport/shop, and gated access from three sides.
Property Size560 SF
Days on Market117
Property Features for 54 HARVARD STREET
General Information
Standard status
Active
Size
560 SF
Property subtype
Commercial
Zoning
CI
Additional Details
Business Included
Yes
Fenced Yard
Yes
Office Units
2
Taxes and HOA fees
Annual Taxes
$3,170
Building Details
Building Size
560 SF
Year Built
1989
Stories
1
Listing Agency:
LASBURY-TRACY REALTY INC.
(941) 416-4114
Listed By:
Bart Tracy II · License #3427975
(941) 416-4114
Source:
Mbifloridarealty
Added: Apr 30
Changed: Aug 24
Last Checked: Aug 24 at 1:01PM
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 LASBURY-TRACY REALTY INC.
Investment Insights
Based on property information with market context.
This Commercial Intensive (CI) property is designed for automotive or marine service, distribution, leasing operations, or service companies. Improvements include a small office building with two offices, a reception area, and a bathroom, along with a three-car carport/shop area and a small storage shed. The site is secured with security fencing and provides gated access from three sides.
The property has an existing pole sign visible from SR776, supporting identity and wayfinding for tenants and customers. It is currently used as an automotive service and sales center, with a long-term tenant in place who is month-to-month and interested in signing a new lease.
Access, site security, and the existing improvements make this property well-suited to automotive or related service use within a limited CI zoning area in Englewood.
The property has an existing pole sign visible from SR776, supporting identity and wayfinding for tenants and customers. It is currently used as an automotive service and sales center, with a long-term tenant in place who is month-to-month and interested in signing a new lease.
Access, site security, and the existing improvements make this property well-suited to automotive or related service use within a limited CI zoning area in Englewood.
Key Highlights
- Built in 1989 commercial intensive (CI) property in Old Englewood Village
- CI zoning allows automotive or marine service, distribution center, leasing operations, or service companies
- Security fencing with gated access from three sides and a pole sign visible from SR776
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
$9,962
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
2.85%
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%
$199,240
$199.2K
Cap Rate 7%
$142,314
$142.3K
Cap Rate 9%
$110,689
$110.7K
Market Conditions
NOI Build-Up for 560 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
$14.7K $26.28/SF
− Vacancy
−$486 −$0.87/SF
EGI
$14.2K $25.41/SF
− OpEx
−$4.3K −$7.62/SF
NOI
$10.0K $17.79/SF
Area
Charlotte County, FL
Vacancy
3.30%
Lease Rate
$26.28 /SF/Yr
Expense Ratio
30.00%
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%
$199,240
Cap Rate 7%
$142,314
Cap Rate 9%
$110,689
Alternative Uses
Best Use
Retail
$142.3K
$124.5K – $166.0K
NOI $9,962 @ 7.0% cap · market cap 2.85%
Second Best
Warehouse
$75.1K
$65.7K – $87.6K
NOI $5,255 @ 7.0% cap · market cap 1.50%
Theoretical Best
Office A
$183.4K
$160.4K – $213.9K
NOI $12,835 @ 7.0% cap · market cap 3.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
680
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Englewood Service Center, LLC — 210 S Indiana Ave, Englewood, FL 34223
- Ultimate Auto Works — 210 S Indiana Ave, Englewood, FL 34223
- Window Tinting Guys of Englewood — 80 S McCall Rd, Englewood, FL 34223, United States
- Dino Tint — 80 S McCall Rd, Englewood, FL 34223
- Ultimate Auto Works, LLC — 210 S Indiana Ave, Englewood, FL 34223
Frequently Asked Questions
What type of property is this?
Auto shop - Security-fenced automotive service and sales center with office, carport/shop, and gated access from three sides.
Where is this auto shop located?
The property is located at 54 HARVARD STREET Englewood, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Built in 1989 commercial intensive (CI) property in Old Englewood Village; CI zoning allows automotive or marine service, distribution center, leasing operations, or service companies; Security fencing with gated access from three sides and a pole sign visible from SR776
