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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: Oct 6 Last Checked: Oct 14 at 8:30PM

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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.

Key Highlights

• 101,802‑square‑foot warehouse property
• ILW – Industrial Light & Warehousing zoning
• Built in 1975

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$1,425,489

Cap Rate

8.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$28,509,780 $28.5M

Cap Rate 7%

$20,364,129 $20.4M

Cap Rate 9%

$15,838,767 $15.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 101,802 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $2,025,306 @ 7.0% cap · market cap 11.91%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Ark Electric Boats (Bike/Boat/Book/etc) Store Bubbly Belle Department Store Larry Manoly Furniture ... Renovation Specialist Ultimate Finds Furniture & Home Goods Manoly Furniture Services Renovation Specialist

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Law Firm Big Box & Wholesale Store Hair Salon

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

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

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?

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