Flex Space with Enclosed
For Sale
$679,000
1090 Knights Trail Rd Unit 10, Nokomis, FL 34275
Open warehouse space includes offices, reception, restrooms, and an enclosed mezzanine for flexible commercial use.
Property Size1,725 SF
Price / SF$393.62
Days on Market47
Property Features for 1090 Knights Trail Rd Unit 10
General Information
Standard status
Active
Size
1,725 SF
Warehouse & Industrial
Warehouse Space
1,725 SF
Mezzanine
456 SF
Building Details
Year Built
2006
Listing Agency:
WEICHERT REALTORS HALLMARK PRO
Listed By:
Robin Palmer · License #3392101
(941) 549-1677
Source:
Exciterealtyflorida
Added: Aug 2
Changed: Sep 16
Last Checked: Sep 15 at 8:06PM
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 WEICHERT REALTORS HALLMARK PRO
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.
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 = 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
$24,154
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
3.56%
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%
$483,080
$483.1K
Cap Rate 7%
$345,057
$345.1K
Cap Rate 9%
$268,378
$268.4K
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
−$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 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%
$483,080
Cap Rate 7%
$345,057
Cap Rate 9%
$268,378
Alternative Uses
Best Use
Warehouse
$345.1K
$301.9K – $402.6K
NOI $24,154 @ 7.0% cap · market cap 3.56%
Second Best
Industrial
$284.2K
$248.7K – $331.5K
NOI $19,892 @ 7.0% cap · market cap 2.93%
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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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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
