Flex Warehouse
1090 INNOVATION AVE North Port, FL 34289
1090 INNOVATION AVE, North Port, FL, 34289
Contact for pricing
For Sale
Contact for pricing
Small flex/warehouse suite available for sale, suited for light industrial and storage needs.
Property Size1,225 SF
Price / SF$224.49
Days on Market50
Property Features for 1090 INNOVATION AVE
General Information
- Standard status
- Active
- Size
- 1,225 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 2005
Listing Agency
Hembree & Associates Inc
Listed by
Joe Hembree · License #FL
Source
Crexi
Added: May 29 Checked: Jul 16 at 12:47 pm
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 Hembree & Associates Inc
Investment Insights
Based on property information with market context.
This offering is a flex warehouse suite at 1090 Innovation Ave, identified as Suite A-107. The available space totals 1,225 square feet and is presented for sale.
The property is listed as a warehouse/flex-type commercial real estate asset, which typically supports light industrial and warehousing users seeking a dedicated, smaller footprint. The public remarks specify the exact suite number associated with the sale.
A 1,225-square-foot flex warehouse suite can be a practical fit for businesses that need straightforward space to operate and store inventory, without committing to a larger industrial facility. Buyers and tenant-operators should review the suite configuration and access details for their specific use, since the listing information provided is limited to suite identification and size.
The property is listed as a warehouse/flex-type commercial real estate asset, which typically supports light industrial and warehousing users seeking a dedicated, smaller footprint. The public remarks specify the exact suite number associated with the sale.
A 1,225-square-foot flex warehouse suite can be a practical fit for businesses that need straightforward space to operate and store inventory, without committing to a larger industrial facility. Buyers and tenant-operators should review the suite configuration and access details for their specific use, since the listing information provided is limited to suite identification and size.
Key Highlights
- Flex/warehouse suite for sale: 1,225 SF
- Built in 2005
- Suite 1090 Innovation A‑107 (1225 SF)
Local Financial Insights For Warehouse
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 | $21.0k | $17.16 |
| − Vacancy | −$841 | −$0.69 |
| EGI | $20.2k | $16.47 |
| − OpEx | −$3.0k | −$2.47 |
| NOI | $17.2k | $14.00 |
1,225 SF · lease $17.16/SF/yr · vacancy 4.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$245.0K
$214.4K – $285.9K
NOI $17,153 @ 7.0% cap · market cap 6.24%
Second Best
Industrial
$201.8K
$176.6K – $235.4K
NOI $14,126 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$348.2K
$304.6K – $406.2K
NOI $24,371 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Small flex/warehouse suite available for sale, suited for light industrial and storage needs.
Where is this flex space located?
The property is located at 1090 INNOVATION AVE North Port, FL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Flex/warehouse suite for sale: 1,225 SF; Built in 2005; Suite 1090 Innovation A‑107 (1225 SF)
