Flex Office/Warehouse
106-1882 Porter Lake Dr Sarasota, FL 34240
For Sale
$575,000
Unit 106 includes a front office and rear warehouse with a roll-up overhead door for loading and storage operations.
Property Size1,896 SF
Price / SF$303.27
Days on Market115
Property Features for 106-1882 Porter Lake Dr
General Information
- Standard status
- Active
- Size
- 1,896 SF
Listing Agency:
REALTY ONE GROUP MVP
(941) 307-5489
Listed By:
Michelle Morin
(941) 307-5489
Source:
Exprealty
Added: Mar 31
Changed: Jul 23
Last Checked: Jul 23 at 7:02AM
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 REALTY ONE GROUP MVP
Investment Insights
Based on property information with market context.
Unit 106 at 1882 Porter Lake Drive is a flex office/warehouse space built in 1998. The layout combines a professional front office area with a functional rear warehouse, supporting both administrative and operational needs in one unit. The warehouse is equipped with a roll-up overhead door, providing direct access for deliveries, loading, and day-to-day storage.
The property is located in Sarasota with convenient access to major transportation routes. It sits in a growing commercial corridor near I-75 and the Fruitville area.
This unit is well-suited for a range of business uses, including light industrial, storage, distribution, service-based operations, or an office/warehouse combination.
The property is located in Sarasota with convenient access to major transportation routes. It sits in a growing commercial corridor near I-75 and the Fruitville area.
This unit is well-suited for a range of business uses, including light industrial, storage, distribution, service-based operations, or an office/warehouse combination.
Key Highlights
- Unit 106 at 1882 Porter Lake Drive, Sarasota—approximately 1,896 SF flex office/warehouse space
- Front office plus rear warehouse layout for a blend of administrative and operational use
- Warehouse has a roll‑up overhead door for loading, deliveries, and storage
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.7k | $23.04 |
| − Vacancy | −$2.4k | −$1.27 |
| EGI | $41.3k | $21.77 |
| − OpEx | −$10.3k | −$5.44 |
| NOI | $31.0k | $16.33 |
1,896 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$442.3K
$387.0K – $516.0K
NOI $30,961 @ 7.0% cap · market cap 5.38%
Second Best
Warehouse
$276.7K
$242.1K – $322.8K
NOI $19,369 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$557.6K
$487.9K – $650.5K
NOI $39,029 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Unit 106 includes a front office and rear warehouse with a roll-up overhead door for loading and storage operations.
Where is this flex space located?
The property is located at 106-1882 Porter Lake Dr Sarasota, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Unit 106 at 1882 Porter Lake Drive, Sarasota—approximately 1,896 SF flex office/warehouse space; Front office plus rear warehouse layout for a blend of administrative and operational use; Warehouse has a roll‑up overhead door for loading, deliveries, and storage
