Flex Warehouse
For Sale
Contact for pricing
1090 INNOVATION AVE, North Port, FL 34289
Small flex/warehouse suite available for sale, suited for light industrial and storage needs.
Property Size1,225 SF
Price / SF$224.49
Days on Market97
Property Features for 1090 INNOVATION AVE
General Information
Standard status
Active
Size
1,225 SF
Property subtype
Mixed Use
Building Details
Year Built
2005
Stories
1
Units
32
Listing Agency:
Hembree & Associates Inc
Listed By:
Joe Hembree · License #FL
(941) 951-1776
Source:
Crexi
Added: May 29
Changed: Aug 22
Last Checked: Sep 1 at 8:02PM
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)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,153
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$343,060
$343.1K
Cap Rate 7%
$245,043
$245.0K
Cap Rate 9%
$190,589
$190.6K
Market Conditions
NOI Build-Up for 1,225 SF
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.
Gross rent
$21.0K $17.16/SF
− Vacancy
−$841 −$0.69/SF
EGI
$20.2K $16.47/SF
− OpEx
−$3.0K −$2.47/SF
NOI
$17.2K $14.00/SF
Area
Sarasota County, FL
Vacancy
4.00%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$343,060
Cap Rate 7%
$245,043
Cap Rate 9%
$190,589
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34289, FL
3,359
Population
1,923
Households
1.7
Avg Household Size
52
Median Age
33%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
933
Density / Sq Mi
$93,952
Median Household Income
$51,681
Median Earnings
$1,769
Median Rent
$338,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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)
