Warehouse with Enclosed
For Sale
$679,000
1090 KNIGHTS TRAIL ROAD #10, Nokomis, FL 34275
A versatile warehouse setup with high ceilings, office space, restrooms, and an enclosed mezzanine for flexible use.
Property Size1,725 SF
Price / SF$393.62
Days on Market217
Property Features for 1090 KNIGHTS TRAIL ROAD #10
General Information
Standard status
Active
Size
1,725 SF
Property subtype
Commercial
Additional Details
Office Units
2
Building Details
Year Built
2006
Listing Agency:
WEICHERT REALTORS HALLMARK PRO
(941) 706-2142
Listed By:
ROBIN PALMER · License #3392101
Source:
Corcoran
Added: Jan 1
Changed: Jul 10
Last Checked: Aug 6 at 3:34AM
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 property features an open warehouse layout designed for hands-on, multi-purpose use, with high ceilings to support overhead storage, displays, or equipment. In addition to the main open area, the interior includes two office spaces and a reception area, along with two restrooms (a full bath and a 1.5 bath). There is also an enclosed mezzanine measuring 24' x 19', providing an additional private, self-contained work or viewing area.
The unit is located at 1090 Knights Trail Road #10 in Nokomis, Florida. The property is being sold as-is, with the current configuration presented as a turn-key mancave and entertainment space.
For tenants or buyers looking for a warehouse that can function beyond storage—while still providing office and restroom support—this layout offers a practical separation of areas inside a single space. The enclosed mezzanine can be used as a retreat or secondary workspace, while the existing office and reception area can support customer-facing or administrative needs. The seller will also consider an alternative structure: selling as warehouse space with a 1-year lease-back option.
The unit is located at 1090 Knights Trail Road #10 in Nokomis, Florida. The property is being sold as-is, with the current configuration presented as a turn-key mancave and entertainment space.
For tenants or buyers looking for a warehouse that can function beyond storage—while still providing office and restroom support—this layout offers a practical separation of areas inside a single space. The enclosed mezzanine can be used as a retreat or secondary workspace, while the existing office and reception area can support customer-facing or administrative needs. The seller will also consider an alternative structure: selling as warehouse space with a 1-year lease-back option.
Key Highlights
- 1725 SF warehouse with open space for a man cave, workshop, or entertainment area
- High ceilings for overhead storage and potential car lifts or display cases
- Two office spaces plus reception area for flexible work and visitor setup
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
$25,151
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
3.70%
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%
$503,020
$503.0K
Cap Rate 7%
$359,300
$359.3K
Cap Rate 9%
$279,456
$279.5K
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
$37.3K $21.60/SF
− Vacancy
−$3.7K −$2.16/SF
EGI
$33.5K $19.44/SF
− OpEx
−$8.4K −$4.86/SF
NOI
$25.2K $14.58/SF
Area
Sarasota County, FL
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$503,020
Cap Rate 7%
$359,300
Cap Rate 9%
$279,456
Alternative Uses
Best Use
Office B
$359.3K
$314.4K – $419.2K
NOI $25,151 @ 7.0% cap · market cap 3.70%
Second Best
Warehouse
$345.1K
$301.9K – $402.6K
NOI $24,154 @ 7.0% cap · market cap 3.56%
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
Lease Details
2
Office units
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - A versatile warehouse setup with high ceilings, office space, restrooms, and an enclosed mezzanine for flexible use.
Where is this warehouse located?
The property is located at 1090 KNIGHTS TRAIL ROAD #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 SF warehouse with open space for a man cave, workshop, or entertainment area; High ceilings for overhead storage and potential car lifts or display cases; Two office spaces plus reception area for flexible work and visitor setup
