Industrial Warehouse
For Sale
Contact for pricing
1200 Ogden Rd, Venice, FL 34285
Large industrial warehouse with ILW zoning and convenient access from US-41/Tamiami Trail.
Property Size101,802 SF
Price / SF$166.98
Days on Market213
Property Features for 1200 Ogden Rd
General Information
Standard status
Active
Size
101,802 SF
Class
C
Property subtype
Industrial
Zoning
ILW - INDUSTRIAL LIGHT & WAREHOUSING
Lease Type
NNN
Building Details
Year Built
1975
Buildings
1
Listing Agency:
Merritt Realty Corporation
Listed By:
Terry A. Purdy · License #FL 3213680
Source:
Crexi
Added: Jan 30
Changed: Aug 29
Last Checked: Aug 29 at 11:39PM
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 Merritt Realty Corporation
Investment Insights
Based on property information with market context.
This 101,802-square-foot warehouse property was built in 1975 and is designated ILW – Industrial Light & Warehousing. The building offers a substantial industrial footprint for warehouse-oriented operations and related light-industrial use.
The property is located off US-41/Tamiami Trail in Venice, with nearby access to Detwiler’s Farm Market, Walgreens, Venice Animal Clinic, Papa John’s Pizza, Habitat for Humanity ReStore, Synovus Bank, and Starbucks. Showing appointments and additional property information are available through the listing agent.
The property is located off US-41/Tamiami Trail in Venice, with nearby access to Detwiler’s Farm Market, Walgreens, Venice Animal Clinic, Papa John’s Pizza, Habitat for Humanity ReStore, Synovus Bank, and Starbucks. Showing appointments and additional property information are available through the listing agent.
Key Highlights
- 101,802‑square‑foot warehouse property
- ILW – Industrial Light & Warehousing zoning
- Built in 1975
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
$1,425,489
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
8.39%
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%
$28,509,780
$28.5M
Cap Rate 7%
$20,364,129
$20.4M
Cap Rate 9%
$15,838,767
$15.8M
Market Conditions
NOI Build-Up for 101,802 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
$1.75M $17.16/SF
− Vacancy
−$69.9K −$0.69/SF
EGI
$1.68M $16.47/SF
− OpEx
−$251.6K −$2.47/SF
NOI
$1.43M $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%
$28,509,780
Cap Rate 7%
$20,364,129
Cap Rate 9%
$15,838,767
Alternative Uses
Best Use
Warehouse
$20.36M
$17.82M – $23.76M
NOI $1,425,489 @ 7.0% cap · market cap 8.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$28.93M
$25.32M – $33.76M
NOI $2,025,306 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34285, FL
18,971
Population
16,081
Households
1.2
Avg Household Size
70
Median Age
40%
College-Educated
95%
High-School Grad
8.3 sq mi
ZIP Area
2,286
Density / Sq Mi
$67,712
Median Household Income
$37,959
Median Earnings
$1,485
Median Rent
$295,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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- Master Movers — 250 Center Ct, Venice, FL 34285
- Extra Space Storage — 1266 US-41, Venice, FL 34285
Frequently Asked Questions
What type of property is this?
Warehouse - Large industrial warehouse with ILW zoning and convenient access from US-41/Tamiami Trail.
Where is this warehouse located?
The property is located at 1200 Ogden Rd Venice, FL.
What is the asking price?
The asking price for this property is $16,999,000.
What are key features of this property?
This property features: 101,802‑square‑foot warehouse property; ILW – Industrial Light & Warehousing zoning; Built in 1975
