Englewood Office Space For
659 S INDIANA AVENUE, Englewood, FL 34223
Office property with reception, three rooms, bathroom, and storage.
Type:Commercial
Property size:
768 SFPrice / SF:
$234/SF- Added:
- Apr 1, 2026
- Days on Market:
- 63
- Last Refresh:
- Apr 1 at 8:19 pm
Property Features for 659 S INDIANA AVENUE
General Information
- Standard status
- Active
- Size
- 768 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1960
Listing agent MADELENE WATERHOUSE License #3131891
Listing office FLORIDIAN REALTY SERVICES, LLC (941) 697-9400
Listing date Apr 1, 2026
Source Corcoran
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 FLORIDIAN REALTY SERVICES, LLC
HighLights
- Own instead of rent: Control your business space and build equity.
- Great visibility: Benefit from a highly visible location.
- Zoned OPI: Suitable for office, professional, or institutional use.
- A/C (2021): Enjoy a recently updated air conditioning system.
- Roof (2018): Features a relatively new roof.
- Three rooms plus reception, bathroom, and storage: Functional layout for various business needs.
Overview
This 768 square foot commercial property is zoned OPI (Office, Professional, Institutional) and offers a location with good visibility. The property features three rooms, a reception area, a bathroom, and storage space. The air conditioning unit was replaced in 2021, and the roof was replaced in 2018. This property is suitable for business use.
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 | $16.6k | $21.60 |
| − Vacancy | −$3.9k | −$5.10 |
| EGI | $12.7k | $16.50 |
| − OpEx | −$3.2k | −$4.13 |
| NOI | $9.5k | $12.38 |
768 SF · lease $21.60/SF/yr · vacancy 23.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$135.8K
$118.8K – $158.4K
NOI $9,505 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$251.5K
$220.0K – $293.4K
NOI $17,603 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office Spaces
Similar Places Nearby
- Jrs xtreme Rescreening — 679 Liberty St, Englewood, FL 34223
Location Insight
- Map
- Local Demand
- City
- Englewood
- County
- Charlotte
- State
- Florida
- Longitude
- -82.3528884
- Latitude
- 26.950803
Nearby Similar for Sale
FAQs
What type of property is this?
Office space - Office property with reception, three rooms, bathroom, and storage.
Where is this office space located?
The property is located at 659 S INDIANA AVENUE Englewood, FL.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Own instead of rent: Control your business space and build equity.; Great visibility: Benefit from a highly visible location.; Zoned OPI: Suitable for office, professional, or institutional use.
