Mixed-Use Property with Drive-Through
New
For Sale
$469,900
B-9458 Anita Ave, Englewood, FL 34224
Two upstairs apartments sit above a ground-floor garage with vehicle access from both the front and rear.
Property Size3,000 SF
Price / SF$156.63
Days on Market6
Property Features for B-9458 Anita Ave
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,047
Listing Agency:
MICHAEL SAUNDERS & COMPANY
(941) 493-2500
Listed By:
Mindy Buckley
(941) 468-1118
Source:
Exprealty
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 21 at 2:22AM
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 MICHAEL SAUNDERS & COMPANY
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property combines two second-level rental apartments with a 3,000-square-foot garage on the ground floor. Each apartment offers approximately 1,500 square feet, an open layout, two bedrooms, and two ensuite bathrooms. Overhead doors at the front and rear allow vehicles to pass through the garage. A loft provides storage, and the building includes framed areas for an office and an efficiency apartment; the apartment area is also plumbed.
Located a few blocks from McCall Road in Englewood, the property offers access to nearby shopping, dining, and services.
Located a few blocks from McCall Road in Englewood, the property offers access to nearby shopping, dining, and services.
Key Highlights
- Two second‑level apartments, each approximately 1,500 square feet
- Each unit has two bedrooms, two ensuite bathrooms, and an open floor plan
- 3,000‑square‑foot ground‑floor garage with overhead doors at both ends
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,021
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,420
$580.4K
Cap Rate 7%
$414,586
$414.6K
Cap Rate 9%
$322,456
$322.5K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$51.1K $17.04/SF
− Vacancy
−$9.7K −$3.22/SF
EGI
$41.5K $13.82/SF
− OpEx
−$12.4K −$4.15/SF
NOI
$29.0K $9.67/SF
Area
Charlotte County, FL
Vacancy
18.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,420
Cap Rate 7%
$414,586
Cap Rate 9%
$322,456
Alternative Uses
Best Use
Multifamily LT 5
$414.6K
$362.8K – $483.7K
NOI $29,021 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$378.4K
$331.1K – $441.4K
NOI $26,486 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$982.3K
$859.5K – $1.15M
NOI $68,760 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
Explore this area
Business Placement
Demographics for 34224, FL
16,379
Population
11,333
Households
1.4
Avg Household Size
63
Median Age
21%
College-Educated
94%
High-School Grad
12.8 sq mi
ZIP Area
1,280
Density / Sq Mi
$56,862
Median Household Income
$34,450
Median Earnings
$1,219
Median Rent
$262,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two upstairs apartments sit above a ground-floor garage with vehicle access from both the front and rear.
Where is this mixed-use property located?
The property is located at B-9458 Anita Ave Englewood, FL.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Two second‑level apartments, each approximately 1,500 square feet; Each unit has two bedrooms, two ensuite bathrooms, and an open floor plan; 3,000‑square‑foot ground‑floor garage with overhead doors at both ends
