Flex Warehouse
For Sale
$679,000
1090 KNIGHTS TRAIL Rd 10, Nokomis, FL 34275
For sale flex/industrial warehouse space in Sarasota County with access off Knights Trail.
Property Size1,725 SF
Days on Market33
Property Features for 1090 KNIGHTS TRAIL Rd 10
General Information
Standard status
Active
Size
1,725 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$4,992
Building Details
Building Size
1,725 SF
Year Built
2006
Stories
2
Listing Agency:
Direct Sell Inc DBA Weichert Realtors Hallmark Properties
(941) 549-1677
Listed By:
Robin Palmer · License #3392101
(941) 549-1677
Source:
Elliman
Added: Jul 23
Changed: Aug 23
Last Checked: Aug 23 at 3:53AM
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 Direct Sell Inc DBA Weichert Realtors Hallmark Properties
Investment Insights
Based on property information with market context.
This for-sale flex warehouse space is located at 1090 Knights Trail Road 10 in Nokomis, Florida, within Sarasota County. The property is categorized for industrial warehouse and flex use, offering a straightforward option for businesses seeking a compact, functional footprint.
Access is provided off Knights Trail Road. Directions: take I-75 to Laurel Rd (CR 762), head east on Laurel Rd, turn left on Knights Trail, and the destination is on the left.
Access is provided off Knights Trail Road. Directions: take I-75 to Laurel Rd (CR 762), head east on Laurel Rd, turn left on Knights Trail, and the destination is on the left.
Key Highlights
- Flex/industrial warehouse space for sale in Sarasota County with access off Knights Trail
- Year built: 2006
- Central heating and central air, plus wall/window A/C units
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
$19,892
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
2.93%
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%
$397,840
$397.8K
Cap Rate 7%
$284,171
$284.2K
Cap Rate 9%
$221,022
$221.0K
Market Conditions
NOI Build-Up for 1,725 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
$29.6K $17.16/SF
− Vacancy
−$1.2K −$0.69/SF
EGI
$28.4K $16.47/SF
− OpEx
−$8.5K −$4.94/SF
NOI
$19.9K $11.53/SF
Area
Sarasota County, FL
Vacancy
4.00%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
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%
$397,840
Cap Rate 7%
$284,171
Cap Rate 9%
$221,022
Alternative Uses
Best Use
Industrial
$284.2K
$248.7K – $331.5K
NOI $19,892 @ 7.0% cap · market cap 2.93%
Second Best
Flex RnD
$184.5K
$161.5K – $215.3K
NOI $12,917 @ 7.0% cap · market cap 1.90%
Theoretical Best
Office A
$490.3K
$429.0K – $572.0K
NOI $34,318 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34275, FL
20,570
Population
13,139
Households
1.6
Avg Household Size
63
Median Age
43%
College-Educated
97%
High-School Grad
25.7 sq mi
ZIP Area
800
Density / Sq Mi
$84,503
Median Household Income
$48,094
Median Earnings
$1,459
Median Rent
$435,600
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 - For sale flex/industrial warehouse space in Sarasota County with access off Knights Trail.
Where is this flex space located?
The property is located at 1090 KNIGHTS TRAIL Rd 10 Nokomis, FL.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Flex/industrial warehouse space for sale in Sarasota County with access off Knights Trail; Year built: 2006; Central heating and central air, plus wall/window A/C units
