Sarasota Industrial Building with
For Sale
Contact for pricing
1227 Hardin Ave, Sarasota, FL
40,496 RSF industrial building with secured outside storage.
Property Size40,496 SF
Lot Size3.37 Acres
Price / SF$127.17
Days on Market272
Property Features for 1227 Hardin Ave
General Information
Standard status
Active
Size
40,496 SF
Lot size
3.37 Acres
Property subtype
INDUSTRIAL
Properties For Sale
at 1227 Hardin Ave Contact us- Size
- 40,496 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE
Industrial Property with IOS
American Property Group of Sarasota, Inc. presents 1227 & 1231 Hardin Avenue, Sarasota,...
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Listing Agency:
American Property Group
(941) 544-2970
Listed By:
Brian Seidel, CCIM · License #3123085
(941) 544-2970
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:59AM
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 American Property Group
Investment Insights
Based on property information with market context.
This industrial building offers a total of 40,496 RSF on a 3.354-acre lot in Sarasota, Florida. The property features gated, secured, and enclosed outside storage. It includes a mix of dock-high and grade-level loading, ample power, and flexible warehouse and manufacturing space. The property is positioned in a prime industrial location with excellent transportation access, less than a mile from the Sarasota Bradenton International Airport. It is suitable for owner-users or investors seeking a functional, well-located asset in a growing Gulf Coast market.
Key Highlights
- Prime industrial location with excellent transportation access and proximity to Sarasota Bradenton International Airport (less than a mile).
- Gated, secured, and enclosed outside storage on 3.354 acres.
- 40,496 RSF industrial building suitable for warehouse/manufacturing.**
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
$413,687
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
8.03%
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%
$8,273,740
$8.3M
Cap Rate 7%
$5,909,814
$5.9M
Cap Rate 9%
$4,596,522
$4.6M
Market Conditions
NOI Build-Up for 40,496 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
$505.4K $12.48/SF
− Vacancy
−$18.7K −$0.46/SF
EGI
$486.7K $12.02/SF
− OpEx
−$73.0K −$1.80/SF
NOI
$413.7K $10.22/SF
Area
Manatee County, FL
Vacancy
3.70%
Lease Rate
$12.48 /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%
$8,273,740
Cap Rate 7%
$5,909,814
Cap Rate 9%
$4,596,522
Alternative Uses
Best Use
Warehouse
$5.91M
$5.17M – $6.89M
NOI $413,687 @ 7.0% cap · market cap 8.03%
Second Best
Industrial
$4.87M
$4.26M – $5.68M
NOI $340,683 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$11.91M
$10.42M – $13.89M
NOI $833,602 @ 7.0% cap · market cap 16.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Airport Mini Storage LLC — 455 Braden Ave, Sarasota, FL 34243
- Shine Shop SRQ — 8007 15th St E, Sarasota, FL 34243
Frequently Asked Questions
What type of property is this?
Warehouse - 40,496 RSF industrial building with secured outside storage.
Where is this warehouse located?
The property is located at 1227 Hardin Ave Sarasota, FL.
What is the asking price?
The asking price for this property is $5,150,000.
What are key features of this property?
This property features: Prime industrial location with excellent transportation access and proximity to Sarasota Bradenton International Airport (less than a mile).; Gated, secured, and enclosed outside storage on 3.354 acres.; 40,496 RSF industrial building suitable for warehouse/manufacturing.**
