Concrete-Block Warehouse
For Sale
$199,999
7-2720 Placida Rd, Englewood, FL 34223
Garage condominium with upgraded climate control and a powered garage door for secure storage or workspace use.
Property Size1,000 SF
Price / SF$199
Days on Market24
Property Features for 7-2720 Placida Rd
General Information
Standard status
Active
Size
1,000 SF
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
1
Conditioned Warehouse
Yes
Taxes and HOA fees
Annual Taxes
$2,940
Building Details
Construction
concrete block
Listing Agency:
ISLAND BREEZE REAL ESTATE
(941) 979-0222
Listed By:
Rick Lake · License #3247360
(941) 979-0222
Source:
Exprealty
Added: Jul 23
Changed: Aug 14
Last Checked: Aug 15 at 11:34AM
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 ISLAND BREEZE REAL ESTATE
Investment Insights
Based on property information with market context.
This warehouse condominium offers 1,000 SF in a 20-by-50-foot configuration with 16-foot ceilings. Concrete block walls and concrete roof panels provide a durable enclosed structure, while the unit’s layout accommodates storage, vehicles, equipment, or other warehouse-oriented uses.
Recent improvements include a mini-split AC system and a powered garage door. The property is located at 7-2720 Placida Rd in Englewood, Florida, providing a dedicated commercial condominium setting for users seeking enclosed space with upgraded mechanical and access features.
Recent improvements include a mini-split AC system and a powered garage door. The property is located at 7-2720 Placida Rd in Englewood, Florida, providing a dedicated commercial condominium setting for users seeking enclosed space with upgraded mechanical and access features.
Key Highlights
- 1,000 SF warehouse condominium
- 20‑by‑50‑foot unit with 16‑foot ceilings
- Concrete block walls and concrete roof panels
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,384
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$187,680
$187.7K
Cap Rate 7%
$134,057
$134.1K
Cap Rate 9%
$104,267
$104.3K
Market Conditions
NOI Build-Up for 1,000 SF
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.
Gross rent
$12.0K $12.00/SF
− Vacancy
−$960 −$0.96/SF
EGI
$11.0K $11.04/SF
− OpEx
−$1.7K −$1.66/SF
NOI
$9.4K $9.38/SF
Area
Charlotte County, FL
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$187,680
Cap Rate 7%
$134,057
Cap Rate 9%
$104,267
Alternative Uses
Best Use
Warehouse
$134.1K
$117.3K – $156.4K
NOI $9,384 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$327.4K
$286.5K – $382.0K
NOI $22,920 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Harbor At Lemon Bay — 900 S McCall Rd, Englewood, FL 34223
- Storage Depot — 775 placida rd, englewood, fl 34224
Frequently Asked Questions
What type of property is this?
Warehouse - Garage condominium with upgraded climate control and a powered garage door for secure storage or workspace use.
Where is this warehouse located?
The property is located at 7-2720 Placida Rd Englewood, FL.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: 1,000 SF warehouse condominium; 20‑by‑50‑foot unit with 16‑foot ceilings; Concrete block walls and concrete roof panels
