8495 Placida Rd Placida, FL 33946
For Sale
Contact for pricing
Retail space
Property Size3,300 SF
Lot Size0.63 Acres
Price / SF$295.45
Days on Market1009
Property Features for 8495 Placida Rd
General Information
- Standard status
- Active
- Size
- 3,300 SF
- Lot size
- 0.63 Acres
- Property subtype
- Retail
Listing Agency:
MERRITT REALTY
Listed By:
Kevin Riordan · License #SL 33660231
Source:
Crexi
Added: Oct 21, 2023
Changed: Jul 6
Last Checked: Jul 25 at 2:12PM
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 MERRITT REALTY
Investment Insights
Based on property information with market context.
Key Highlights
- Prime .63 acre out parcel in Placida, FL.
- Located near Boca Grande, Palm Island, and Gasparilla Island.
- High return on investment potential.
Financial Insights For Retail
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 | $86.7k | $26.28 |
| − Vacancy | −$2.9k | −$0.87 |
| EGI | $83.9k | $25.41 |
| − OpEx | −$25.2k | −$7.62 |
| NOI | $58.7k | $17.79 |
3,300 SF · lease $26.28/SF/yr · vacancy 3.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$838.6K
$733.8K – $978.4K
NOI $58,703 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$945.5K – $1.26M
NOI $75,636 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
Where is this retail space located?
The property is located at 8495 Placida Rd Placida, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Prime .63 acre out parcel in Placida, FL.; Located near Boca Grande, Palm Island, and Gasparilla Island.; High return on investment potential.
