120 TRIPLE DIAMOND BOULEVARD #E, North Venice, FL 34275

Building Details

Year Built 2004 More

Listing Agency: CHARITY & WEISS INTERNATIONAL LLC Show Phone

Listed By: RUDI WEISS · License FL #3160365 Show Phone

Source: Corcoran

Added: Mar 16 Changed: Aug 14 Last Checked: Aug 14 at 12:31PM

Report an Issue

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 CHARITY & WEISS INTERNATIONAL LLC

Ask AI about this property

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

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This property offers 1,600 square feet of flex commercial space. The layout includes an office in the front, a bathroom, and an extra tall roll-up overhead door at the rear of the building. This unit is suitable for warehouse use.

Key Highlights

• 1,600sf of flex commercial space
• Office in the front
• Bathroom included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,450

Cap Rate

5.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$369,000 $369.0K

Cap Rate 7%

$263,571 $263.6K

Cap Rate 9%

$205,000 $205.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,600 SF

Gross rent

$27.5K $17.16/SF

− Vacancy

−$1.1K −$0.69/SF

EGI

$26.4K $16.47/SF

− OpEx

−$7.9K −$4.94/SF

NOI

$18.5K $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 Rate 5%

$369,000

Cap Rate 7%

$263,571

Cap Rate 9%

$205,000

Alternative Uses

Best Use

Industrial

$263.6K

$230.6K – $307.5K (±1% cap)

NOI $18,450 @ 7.0% cap · market cap 5.35%

Second Best

Flex RnD

$171.2K

$149.8K – $199.7K (±1% cap)

NOI $11,981 @ 7.0% cap · market cap 3.47%

Theoretical Best

Office A

$454.7K

$397.9K – $530.5K (±1% cap)

NOI $31,831 @ 7.0% cap · market cap 9.23%

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

Royal Air Conditioning ... HVAC Service Drm Electrical Services Electrical Service Reduction LLC Industrial Manufacturer Draygon Enterprises Inc. Industrial Manufacturer Coastal Property Group-Fl Construction Company

Suggested Use

Top Pick Real Estate Agency Dental Office 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

256

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

Frequently Asked Questions

What type of property is this?

Flex space - 1,600 SF flex commercial space with office and roll-up door.

Where is this flex space located?

The property is located at 120 TRIPLE DIAMOND BOULEVARD #E North Venice, FL.

What is the asking price?

The asking price for this property is $345,000.

What are key features of this property?

This property features: 1,600sf of flex commercial space; Office in the front; Bathroom included