Warehouse Condo with Removable
8-2730 Worth Ave Englewood, FL 34224
For Sale
$169,900
Warehouse condo with reception, offices, storage, and a removable partition wall behind a roll-up door.
Property Size1,200 SF
Price / SF$141.58
Days on Market611
Property Features for 8-2730 Worth Ave
General Information
- Standard status
- Active
- Size
- 1,200 SF
Listing Agency:
tall pines realty
(941) 475-5015
Listed By:
Jeremy Jones · License #3186366
(941) 475-5015
Source:
Exprealty
Added: Nov 20, 2024
Changed: Jul 23
Last Checked: Jul 23 at 6:01PM
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 warehouse condo offers 1,200 square feet configured for office and storage use, including a reception area, a coffee bar, three offices, and a separate storage area. The unit also features a private bathroom and a partitioned layout that can support additional office space, with the partition wall behind the roll-up door noted as removable.
The property is zoned Industrial Genera and located in Englewood’s central area, providing quick access to Winchester, San Casa, Placida Rd, SR 776, CR 775, and Hwy 41. The building received a new metal roof in 2023.
HOA is $800 quarterly and includes lawn care, insurance, trash removal, electric, water, and reserve rebuilding. Each condo unit is responsible for its own FPL bill, which is approximately $100 per month.
The property is zoned Industrial Genera and located in Englewood’s central area, providing quick access to Winchester, San Casa, Placida Rd, SR 776, CR 775, and Hwy 41. The building received a new metal roof in 2023.
HOA is $800 quarterly and includes lawn care, insurance, trash removal, electric, water, and reserve rebuilding. Each condo unit is responsible for its own FPL bill, which is approximately $100 per month.
Key Highlights
- Warehouse condo zoned Industrial Genera with 1,200 sq ft (24x50) of space
- Interior includes a reception area, coffee bar, three offices, storage, and private bathroom (partition behind roll‑up door is removable)
- Floorplan can support flexible office layouts, with potential for up to five offices
Financial Insights For Warehouse
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 | $14.4k | $12.00 |
| − Vacancy | −$1.2k | −$0.96 |
| EGI | $13.2k | $11.04 |
| − OpEx | −$2.0k | −$1.66 |
| NOI | $11.3k | $9.38 |
1,200 SF · lease $12.00/SF/yr · vacancy 8.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$160.9K
$140.8K – $187.7K
NOI $11,261 @ 7.0% cap · market cap 6.63%
Second Best
Flex RnD
$152.9K
$133.8K – $178.4K
NOI $10,706 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$392.9K
$343.8K – $458.4K
NOI $27,504 @ 7.0% cap · market cap 16.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Warehouse condo with reception, offices, storage, and a removable partition wall behind a roll-up door.
Where is this flex space located?
The property is located at 8-2730 Worth Ave Englewood, FL.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Warehouse condo zoned Industrial Genera with 1,200 sq ft (24x50) of space; Interior includes a reception area, coffee bar, three offices, storage, and private bathroom (partition behind roll‑up door is removable); Floorplan can support flexible office layouts, with potential for up to five offices
