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Property profile & analytics
FOR SALE
Office buildings

473 S Indiana Ave Englewood, FL 34223

3,287 SF 0.45 ac lot Built 1983
Entity Owned ~ Est. High Equity
Property ID
US18-1371193
Property summary
AI-generated overview

This exceptional 3,287 square foot free-standing office building presents a unique investment opportunity in the heart of Englewood, Florida. Situated on a 0.45-acre outparcel within a centrally located shopping center on State Road 776 (Indiana Avenue), this property boasts a prime location and high visibility. Previously used as a bank, medical office, and most recently a real estate office, the building is beautifully finished and ready for immediate occupancy. The interior features an oversized reception and waiting area, ample space for multiple workstations, and five individual offices, each equipped with a common sound system, telephone outlets, and internet hookups. Water and utility sinks are readily restorable in all offices. Two large file storage rooms provide ample storage, complemented by an additional 300 square feet of storage on the second floor. A full kitchen and break room, along with a large storage room with exterior access, add to the building's functionality. The property benefits from upgraded lighted signage on two sides of the building, including a double-sided, lighted sign facing the road, ensuring maximum visibility. Ample parking is available with 15 designated spaces, additional parking behind the building, and numerous non-designated spaces within the shopping center. Automatic front entrance and exit doors add to the convenience. All systems are fully functional. The property is zoned CG, allowing for direct sales. This is a truly attractive office building in a high-demand area.

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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$600k
CAP Approach CAP
$785k
Comparable Approach Comparable
$990k
Blend (final) Blend
$820k
Owner & transaction history
Coastal Ventures Of Sw Florida LLC
Coastal Ventures Of Sw Florida LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.3M +29.5%
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