Corner Office Unit with
For Sale
$175,000
A1-1460 S Mccall Rd, Englewood, FL 34223
Updated office condo with private workrooms, kitchenette, renovated bathroom, and elevator access.
Property Size968 SF
Price / SF$180.79
Days on Market14
Property Features for A1-1460 S Mccall Rd
General Information
Standard status
Active
Size
968 SF
Taxes and HOA fees
Annual Taxes
$616
Listing Agency:
LPT REALTY, LLC
(941) 718-1213
Listed By:
Jeffrey Bray, PLLC · License #3480529
(941) 718-1213
Source:
Exprealty
Added: Aug 12
Changed: Aug 21
Last Checked: Aug 24 at 1:35PM
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 LPT REALTY, LLC
Investment Insights
Based on property information with market context.
Unit A-1 is a 968-square-foot office condo arranged with four private offices, acoustic wall construction, and sound-dampening features that support privacy between work areas. Recent improvements include a new HVAC system, fresh paint, tile flooring, new drywall, a renovated bathroom, and a modern kitchenette. The unit also includes a private ground-level garage for secure storage.
Located directly on McCall Road (Hwy 776), the property offers visibility, ample parking, fire sprinkler protection, and elevator service. The building is completing final post-hurricane renovations, while the suite provides a dedicated office setting with a glimpse of the bay.
Located directly on McCall Road (Hwy 776), the property offers visibility, ample parking, fire sprinkler protection, and elevator service. The building is completing final post-hurricane renovations, while the suite provides a dedicated office setting with a glimpse of the bay.
Key Highlights
- 968 square‑foot office condo with four private offices
- Acoustic walls and sound‑dampening construction in each office
- New HVAC, fresh paint, tile flooring, and drywall
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
$11,981
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
6.85%
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%
$239,620
$239.6K
Cap Rate 7%
$171,157
$171.2K
Cap Rate 9%
$133,122
$133.1K
Market Conditions
NOI Build-Up for 968 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
$20.9K $21.60/SF
− Vacancy
−$4.9K −$5.10/SF
EGI
$16.0K $16.50/SF
− OpEx
−$4.0K −$4.13/SF
NOI
$12.0K $12.38/SF
Area
Charlotte County, FL
Vacancy
23.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$239,620
Cap Rate 7%
$171,157
Cap Rate 9%
$133,122
Alternative Uses
Best Use
Office B
$171.2K
$149.8K – $199.7K
NOI $11,981 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$317.0K
$277.3K – $369.8K
NOI $22,187 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
735
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Updated office condo with private workrooms, kitchenette, renovated bathroom, and elevator access.
Where is this office units located?
The property is located at A1-1460 S Mccall Rd Englewood, FL.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 968 square‑foot office condo with four private offices; Acoustic walls and sound‑dampening construction in each office; New HVAC, fresh paint, tile flooring, and drywall
