Technical
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Distress signals
Property profile

473 S Indiana Ave Englewood, FL 34223

FOR LEASE
Office buildings
Property ID
US18-1371193
3,287 SF 0.45 ac lot Built 1983
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

A freestanding professional office building located in a centrally positioned shopping center on State Road 776 (Indiana Avenue) in the heart of Englewood. The property is zoned CG and permits direct sales. Historically used as a bank building and later as a medical office, it is configured for professional office use and has previously operated as a real estate office. The interior includes an oversized reception and waiting area with space for multiple workstations, five individual offices, and office infrastructure such as a common sound system along with telephone outlets and internet hookups; water and utility sinks could be restored to all offices. Storage features include two large file storage rooms and an additional approximately 300-square-foot storage area on the second floor, plus a full kitchen and break room and a large storage room with exterior access. Exterior improvements include upgraded lighted signage on two sides of the building and a double-sided lighted sign on the road. Vehicular access and parking include 15 designated parking spaces, additional parking behind the building, and further non-designated parking available within the shopping center. The building is equipped with automatic front entrance and exit doors and has a total building area of 3,287 square feet.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1983
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,287 SF
Lot 0.45 ac (19,562 SF)
Zoning code CG
APN 0853-13-0002
UPID US18-1371193

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Ophthalmologist
  • Eye Care Center
  • Real Estate Agency

Location

473 S Indiana Ave Englewood, FL 34223
Englewood metro Census 2605 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$600k
CAP Approach CAP
$785k
Comparable Approach Comparable
$990k
Blend (final) Blend
$460k

Owner & transaction history

since 2025
Last sale
$1.1M
5 recorded transactions
2025
$1.1M
2025
Price N/A
2022
$640,000
2009
$456,500
1969
Price N/A

Zoning & alternative use

CG · Englewood, FL
Top alternative use upside
Medical building $1.3M +29.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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