1090 Innovation Ave # A107, North Port, FL 34289

Building Details

Building Size 1,225 SF More

Year Built 2005 More

Listing Agency: Hembree & Associates Inc

Listed By: Michael Hollander Show Phone

Source: Hembreeco

Added: Sep 24 Changed: Nov 8 Last Checked: Nov 8 at 3:50AM

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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

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 1,225-square-foot flex property combines finished office space with a warehouse area. A roll-up overhead door provides warehouse access, and the ceiling height from the floor to the underside of the roof trusses is approximately 17 feet. The building dates to 2005.

Situated in the North Port Park of Commerce on Toledo Blade, the property is 1 mile from I-75 and 4 miles from US 41. SR 776 provides north, south, and west travel connections from the area.

Key Highlights

• 1,225 SF of finished office and warehouse space
• Warehouse ceiling height is approximately 17 feet to the underside of the roof trusses
• Warehouse access through a roll‑up overhead door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,153

Cap Rate

6.24%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$343,060 $343.1K

Cap Rate 7%

$245,043 $245.0K

Cap Rate 9%

$190,589 $190.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,225 SF

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 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 (±1% cap)

NOI $17,153 @ 7.0% cap · market cap 6.24%

Second Best

Industrial

$201.8K

$176.6K – $235.4K (±1% cap)

NOI $14,126 @ 7.0% cap · market cap 5.14%

Theoretical Best

Office A

$348.2K

$304.6K – $406.2K (±1% cap)

NOI $24,371 @ 7.0% cap · market cap 8.86%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Restaurant Law Firm Auto Parts Store Dental Office Pharmacy Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

17 ft

Clear height

Yes

Highway access

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

Average Price Trend$/SF for Flex space in Sarasota County, FL

$307 Jul

$319 Aug

$289 Sep

$242 Oct

Properties on Market for Flex space in Sarasota County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - A finished office area accompanies warehouse space with direct access through a roll-up door.

Where is this flex space located?

The property is located at 1090 Innovation Ave # A107 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: 1,225 SF of finished office and warehouse space; Warehouse ceiling height is approximately 17 feet to the underside of the roof trusses; Warehouse access through a roll‑up overhead door