Freestanding Single-Story Office
651 S INDIANA AVE Englewood, FL 34223
For Sale
Contact for pricing
Single-tenant, freestanding single-story office building with prominent frontage and direct access on a high-traffic corridor.
Property Size864 SF
Lot Size0.14 Acres
Price / SF$341.44
Days on Market77
Property Features for 651 S INDIANA AVE
General Information
- Standard status
- Active
- Size
- 864 SF
- Lot size
- 0.14 Acres
- Property subtype
- Office, Mixed Use
Building Details
- Year Built
- 1945
Listing Agency:
Harry E Robbins Associate
(941) 724-2321
Listed By:
Kevin Robbins · License #SL3042951
Source:
Crexi
Added: May 8
Changed: Jul 23
Last Checked: Jul 23 at 2:15AM
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 Harry E Robbins Associate
Investment Insights
Based on property information with market context.
This freestanding, single-story single-tenant office building is located on a 0.14-acre commercially zoned parcel. The property offers direct street access and a practical layout suited to professional services use.
Situated on Englewood’s primary commercial corridor, it provides prominent frontage along one of Southwest Florida’s highest-traffic arterials. The building is two doors south of the Englewood Area Chamber of Commerce and is positioned within the professional services district.
The surrounding area is characterized by medical, legal, financial, and insurance offices, supporting a concentrated professional services environment.
Situated on Englewood’s primary commercial corridor, it provides prominent frontage along one of Southwest Florida’s highest-traffic arterials. The building is two doors south of the Englewood Area Chamber of Commerce and is positioned within the professional services district.
The surrounding area is characterized by medical, legal, financial, and insurance offices, supporting a concentrated professional services environment.
Key Highlights
- Freestanding, single‑story single‑tenant commercial building built in 1945
- 864 SF office building on a 0.14‑acre commercially zoned parcel
- Prominent frontage with direct access on Englewood’s primary commercial corridor
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 | $18.7k | $21.60 |
| − Vacancy | −$4.4k | −$5.10 |
| EGI | $14.3k | $16.50 |
| − OpEx | −$3.6k | −$4.13 |
| NOI | $10.7k | $12.38 |
864 SF · lease $21.60/SF/yr · vacancy 23.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$152.8K
$133.7K – $178.2K
NOI $10,694 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$282.9K
$247.5K – $330.1K
NOI $19,803 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Single-tenant, freestanding single-story office building with prominent frontage and direct access on a high-traffic corridor.
Where is this office building located?
The property is located at 651 S INDIANA AVE Englewood, FL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Freestanding, single‑story single‑tenant commercial building built in 1945; 864 SF office building on a 0.14‑acre commercially zoned parcel; Prominent frontage with direct access on Englewood’s primary commercial corridor
