Englewood Office Space For
659 S INDIANA AVENUE Englewood, FL 34223
659 S INDIANA AVENUE, Englewood, FL, 34223
$180,000
For Sale
$180,000
Office property with reception, three rooms, bathroom, and storage.
Property Size768 SF
Price / SF$234.38
Days on Market108
Property Features for 659 S INDIANA AVENUE
General Information
- Standard status
- Active
- Size
- 768 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1960
Listing Agency
FLORIDIAN REALTY SERVICES, LLC
(941) 697-9400
Listed by
MADELENE WATERHOUSE · License #3131891
Source
Corcoran
Added: Apr 1 Checked: Jul 17 at 2:50 am
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Spaces
Similar For Sale Nearby
Similar Off Market Nearby
- Jrs xtreme Rescreening — 679 Liberty St, Englewood, FL 34223
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.
