Freestanding Office
New
For Sale
Contact for pricing
651 S INDIANA AVENUE, Englewood, FL 34223
Three private offices, reception and waiting space, a break room, and restroom support a professional workplace layout.
Property Size864 SF
Price / SF$30.56
Days on Market7
Property Features for 651 S INDIANA AVENUE
General Information
Standard status
Active
Size
864 SF
Property subtype
Office
Additional Details
Road Access
Yes
Property Use
Office
Building Details
Year Built
1945
Buildings
1
Listing Agency:
EXIT KING REALTY
(941) 497-6060
Listed By:
Wendy Pelletier · License #3490199
(207) 576-6369
Source:
Endlesssummerrealty
Added: Oct 30
Changed: Nov 3
Last Checked: Nov 4 at 3:38PM
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 EXIT KING REALTY
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Investment Insights
Based on property information with market context.
This freestanding office building contains 864 square feet, with three private offices alongside reception and waiting areas. A break room and restroom complete the interior configuration. The property was built in 1945 and has on-site parking.
The building is on S Indiana Avenue (SR 776) in Englewood, near Dearborn Street, the Englewood Area Chamber of Commerce, shopping, dining, and established residential communities. Lemon Bay is visible from the property, and Gulf beaches are described as minutes away.
The building is on S Indiana Avenue (SR 776) in Englewood, near Dearborn Street, the Englewood Area Chamber of Commerce, shopping, dining, and established residential communities. Lemon Bay is visible from the property, and Gulf beaches are described as minutes away.
Key Highlights
- Freestanding office building with 864 square feet
- Three private offices, reception and waiting areas, break room, and restroom
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,694
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,880
$213.9K
Cap Rate 7%
$152,771
$152.8K
Cap Rate 9%
$118,822
$118.8K
Market Conditions
NOI Build-Up for 864 SF
Gross rent
$18.7K $21.60/SF
− Vacancy
−$4.4K −$5.10/SF
EGI
$14.3K $16.50/SF
− OpEx
−$3.6K −$4.13/SF
NOI
$10.7K $12.38/SF
Area
Charlotte County, FL
Vacancy
23.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,880
Cap Rate 7%
$152,771
Cap Rate 9%
$118,822
Alternative Uses
Best Use
Office B
$152.8K
$133.7K – $178.2K
NOI $10,694 @ 7.0% cap · market cap 40.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$282.9K
$247.5K – $330.1K
NOI $19,803 @ 7.0% cap · market cap 75.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Three private offices, reception and waiting space, a break room, and restroom support a professional workplace layout.
Where is this office building located?
The property is located at 651 S INDIANA AVENUE Englewood, FL.
What are key features of this property?
This property features: Freestanding office building with 864 square feet; Three private offices, reception and waiting areas, break room, and restroom; On‑site parking
