Industrial Property with Outside
1227 Hardin Avenue, Sarasota, FL 34243
For Sale
Contact for pricing
Two buildings offer dock-high and grade-level loading, with fenced outdoor storage on site.
Property Size40,496 SF
Lot Size3.35 Acres
Price / SF$113.59
Days on Market25
Property Features for 1227 Hardin Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Clear Height
Power
Heavy Power
Sprinkler System
Building Details
Buildings
Listing Agency:
American Property Group of Sarasota Inc
Listed By:
Brian Seidel · License FL #3123085
(941) 544-2970
Source:
Crexi
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 4:37PM
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 of Sarasota Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two industrial buildings contain approximately 21,280 SF and 19,216 SF, for a combined area of about 40,496 SF. The property spans approximately 3.354 acres, including roughly 1.1 acres of fenced, gated outside storage. Loading is served by 12 overhead doors, with dock-high and grade-level access. Clear heights reach 20 feet to the truss, and the buildings have 400A–800A power, wet-pipe sprinkler protection and 36 on-site parking spaces.
The site is north of Sarasota-Bradenton International Airport, off Tallevast Road, between US-41 and US-301. Access to I-75, University Parkway and Port Manatee is noted. The property is zoned LM, carries an IL Future Land Use designation and lies in Flood Zone X.
The site is north of Sarasota-Bradenton International Airport, off Tallevast Road, between US-41 and US-301. Access to I-75, University Parkway and Port Manatee is noted. The property is zoned LM, carries an IL Future Land Use designation and lies in Flood Zone X.
Key Highlights
- Approximately 40,496 SF across two industrial buildings
- About 1.1 acres of fenced and gated outside storage on a 3.354‑acre site
- 12 overhead doors with dock‑high and grade‑level loading
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$413,687
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
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
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 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 8.99%
Second Best
Industrial
$4.87M
$4.26M – $5.68M
NOI $340,683 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$11.91M
$10.42M – $13.89M
NOI $833,602 @ 7.0% cap · market cap 18.12%
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
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Current Use
Lease Details
20 ft
Clear height
Yes
Heavy power
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34243, FL
30,107
Population
16,287
Households
1.8
Avg Household Size
54
Median Age
43%
College-Educated
95%
High-School Grad
18.0 sq mi
ZIP Area
1,673
Density / Sq Mi
$79,799
Median Household Income
$42,586
Median Earnings
$1,960
Median Rent
$395,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Sarasota, FL
Properties on Market for Warehouses in Sarasota
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Airport Mini Storage LLC — 455 Braden Ave, Sarasota, FL 34243
- Shine Shop SRQ — 8007 15th St E, Sarasota, FL 34243
- Eagle Overwatch — 8005 15th St E, Sarasota, FL 34243
- Republic Auto Group — 1144 Tallevast Rd ste 104, Sarasota, FL 34243
- Iron Mountain — 7455 16th St E, Sarasota, FL 34243
Frequently Asked Questions
What type of property is this?
Warehouse - Two buildings offer dock-high and grade-level loading, with fenced outdoor storage on site.
Where is this warehouse located?
The property is located at 1227 Hardin Avenue Sarasota, FL.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: Approximately 40,496 SF across two industrial buildings; About 1.1 acres of fenced and gated outside storage on a 3.354‑acre site; 12 overhead doors with dock‑high and grade‑level loading
