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    1734 Eileen Pl Englewood, FL 34223
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    1734 Eileen Pl, Englewood, FL 34223

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    • Commercial land
    For Sale
    $360,000
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    Englewood Land Investment Opportunity For Sale
    $360,000
    1.67 Acres

    Englewood Land Investment Opportunity

    1.67-acre lot in Englewood, FL, zoned OMI.

    1734 Eileen Pl, Englewood, FL 34223
    View Listing
    Property ID
    US18-3857861
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 1734 Eileen Pl

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Prime Investment Opportunity: 1734 Eileen Pl, Englewood, FL 34223 Discover the exceptional potential of 1734 Eileen Pl in Englewood, FL. This expansive 72,768 SF lot, spanning 1.67 acres, offers a unique opportunity for land or office development within the highly desirable OMI zoning. Positioned in the sought-after Charlotte County area, this property’s strategic location provides a perfect blend of privacy and accessibility, making it an ideal choice for investors looking to capitalize on Englewood's thriving real estate market. Key Features: Zoning: OMI (Office, Medical, Institutional) – flexible for various development projects Lot Size: 72,768 SF (1.67 acres) Dimensions: Approximately 423x159 feet Prime Location: Nestled in a peaceful, scenic area of Englewood, yet close to major highways and essential amenities Englewood, FL, is experiencing a real estate boom, driven by its growing popularity among retirees, families, and vacationers. This surge in demand presents a significant opportunity for residential, commercial, or mixed-use developments. The property is situated in a community known for its friendly atmosphere, excellent schools, and abundant recreational activities, from arts and culture to outdoor sports. With the Englewood area offering a robust economic environment supported by tourism, local businesses, and a growing service sector, this parcel is more than just land; it's a gateway to endless possibilities. Whether you're planning a luxury residential development, a commercial project, or a mixed-use community center, 1734 Eileen Pl stands as a prime canvas for your vision. Invest in Englewood’s future today with this exceptional property and create something truly special in one of Florida’s most charming coastal communities. Visit us online at www.AmericanPropertyGroup.com to explore all our listings or call (941) 923-0535 for more information.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Englewood
    County
    Charlotte
    State
    Florida
    Longitude
    -82.338715
    Latitude
    26.94531

    Comparable in this City

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      Englewood Commercial Land Opportunity

      1.25 +/- acre commercial land in growing Englewood corridor.
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    • $499,000
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      Englewood Land For Sale

      Two adjoining parcels in a high-traffic Englewood location.
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      42,792 SF

      Industrial Lots Near Wellen Park

      Industrial land available near Wellen Park development in Sarasota County.
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      Englewood Commercial Land Opportunity

      1.25 +/- acre commercial land in growing Englewood corridor.
      402 N Indiana Ave, Englewood, FL 34223
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    • $499,000
      2.00 Acres

      Englewood Land For Sale

      Two adjoining parcels in a high-traffic Englewood location.
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      View Details

    Similar Nearby for Lease

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      Customizable Englewood Office Space

      Prime Englewood office space with build-to-suit options.
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      Englewood Retail Space Available

      Retail space available for lease in Englewood, Florida.
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      Englewood Office Space For Rent

      Flexible office spaces with shared amenities in a professional building.
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      Englewood Office Space For Rent

      Office space available for rent in Englewood, Florida.
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      Englewood Retail/Office Space Available

      Retail and office spaces available in busy Englewood shopping center.
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    Englewood, FL 34223
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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