1090 Knights Trail Rd Unit 10, Nokomis, FL 34275

Building Details

Year Built 2006 More

Listing Agency: WEICHERT REALTORS HALLMARK PRO

Listed By: Robin Palmer · License #3392101 Show Phone

Source: Exciterealtyflorida

Added: Aug 2 Changed: Oct 26 Last Checked: Oct 7 at 1:21PM

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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 flex space at 1090 Knights Trail Rd Unit 10 provides 1725 square feet of warehouse area with an open configuration and high ceilings. The interior includes 2 office spaces, a reception area, 2 restrooms, and an enclosed mezzanine measuring 24'x19'. The restroom configuration includes 1 full and 1 1/2 bath.

Built in 2006, the property combines warehouse space with finished office and support areas. The layout accommodates workspace, storage, vehicle-related activities, or entertainment uses described in the property information. Existing interior areas include space for a private retreat within the enclosed mezzanine.

Key Highlights

• 1725 sq. ft. of warehouse space
• Enclosed mezzanine measuring 24'x19'
• 2 office spaces and a reception area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,154

Cap Rate

3.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$483,080 $483.1K

Cap Rate 7%

$345,057 $345.1K

Cap Rate 9%

$268,378 $268.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,725 SF

Gross rent

$29.6K $17.16/SF

− Vacancy

−$1.2K −$0.69/SF

EGI

$28.4K $16.47/SF

− OpEx

−$4.3K −$2.47/SF

NOI

$24.2K $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%

$483,080

Cap Rate 7%

$345,057

Cap Rate 9%

$268,378

Alternative Uses

Best Use

Warehouse

$345.1K

$301.9K – $402.6K (±1% cap)

NOI $24,154 @ 7.0% cap · market cap 3.56%

Second Best

Industrial

$284.2K

$248.7K – $331.5K (±1% cap)

NOI $19,892 @ 7.0% cap · market cap 2.93%

Theoretical Best

Office A

$490.3K

$429.0K – $572.0K (±1% cap)

NOI $34,318 @ 7.0% cap · market cap 5.05%

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 Dental Office Real Estate Agency Auto Repair Shop Auto Parts Store Hair Salon Electrical Service

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

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

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 - Open warehouse space includes offices, reception, restrooms, and an enclosed mezzanine for flexible commercial use.

Where is this flex space located?

The property is located at 1090 Knights Trail Rd Unit 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: 1725 sq. ft. of warehouse space; Enclosed mezzanine measuring 24'x19'; 2 office spaces and a reception area