Zoned Office Building with
659 S Indiana Avenue Englewood, FL 34223
659 S Indiana Avenue, Englewood, FL, 34223
$180,000
For Sale
$180,000
Office suite includes three rooms, a reception area, bathroom, and storage, with A/C replaced in 2021.
Property Size768 SF
Price / SF$234.38
Days on Market116
Property Features for 659 S Indiana Avenue
General Information
- Standard status
- Active
- Size
- 768 SF
- Property subtype
- Office
Building Details
- Year Built
- 1960
Listing agency
TALL PINES REALTY
(941) 475-5015
Listed by
Madelene Waterhouse · License #3131891
Source
Xome
Added: Mar 30 Updated: Jul 21 at 7:41AM Checked: Jul 23 at 3:36AM
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 TALL PINES REALTY
Investment Insights
Based on property information with market context.
This for-sale office building offers a practical interior layout with three rooms plus a reception area, along with a bathroom and storage. Improvements include an air conditioning system installed in 2021 and a roof replacement in 2018.
The property is zoned OPI (Office, Professional, Institutional), supporting office and related professional uses.
With dedicated space for both client-facing reception and back-office rooms, the configuration is well-suited for an owner-operator looking to establish a permanent workplace.
The property is zoned OPI (Office, Professional, Institutional), supporting office and related professional uses.
With dedicated space for both client-facing reception and back-office rooms, the configuration is well-suited for an owner-operator looking to establish a permanent workplace.
Key Highlights
- Office suite with three rooms plus reception area, bathroom, and storage
- A/C replaced in 2021 (central air)
- Roof updated in 2018
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
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Office suite includes three rooms, a reception area, bathroom, and storage, with A/C replaced in 2021.
Where is this office building 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: Office suite with three rooms plus reception area, bathroom, and storage; A/C replaced in 2021 (central air); Roof updated in 2018
