Warehouse Flex Space For
For Sale
Contact for pricing
1234 Sawyer rd, Sarasota, FL 34233
Two side-by-side warehouse flex spaces suitable for automotive use.
Property Size8,000 SF
Price / SF$172.50
Days on Market166
Property Features for 1234 Sawyer rd
General Information
Standard status
Active
Size
8,000 SF
Class
B
Property subtype
Industrial
Zoning
Commercial Intensive
Listing Agency:
Tony Almengual Realtor
Listed By:
Tony Almengual · License #FL SL684697
Source:
Crexi
Added: Mar 10
Changed: Aug 14
Last Checked: Aug 21 at 9:57AM
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 Tony Almengual Realtor
Investment Insights
Based on property information with market context.
Two side-by-side warehouse flex spaces are available for sale or lease. Automotive use is permitted. The property features ceiling heights of 16 to 18 feet. It is centrally located. The property size is 8000 square feet.
Key Highlights
- Two side‑by‑side warehouse flex spaces offer versatile options.
- Automotive use allowed, opening doors to various business opportunities.
- Benefit from 16'-18' ceilings.
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
$78,842
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
5.71%
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%
$1,576,840
$1.6M
Cap Rate 7%
$1,126,314
$1.1M
Cap Rate 9%
$876,022
$876.0K
Market Conditions
NOI Build-Up for 8,000 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
$127.7K $15.96/SF
− Vacancy
−$6.4K −$0.80/SF
EGI
$121.3K $15.16/SF
− OpEx
−$42.5K −$5.31/SF
NOI
$78.8K $9.86/SF
Area
Manatee County, FL
Vacancy
5.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
35.00%
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%
$1,576,840
Cap Rate 7%
$1,126,314
Cap Rate 9%
$876,022
Alternative Uses
Best Use
Flex RnD
$1.13M
$985.5K – $1.31M
NOI $78,842 @ 7.0% cap · market cap 5.71%
Second Best
Industrial
$961.5K
$841.3K – $1.12M
NOI $67,302 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$2.35M
$2.06M – $2.74M
NOI $164,678 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,222
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34233, FL
18,723
Population
9,427
Households
2
Avg Household Size
52
Median Age
41%
College-Educated
95%
High-School Grad
6.1 sq mi
ZIP Area
3,069
Density / Sq Mi
$77,041
Median Household Income
$44,222
Median Earnings
$1,787
Median Rent
$364,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cornerstone and Company — 3706 Webber St, Sarasota, FL 34232
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Frequently Asked Questions
What type of property is this?
Flex space - Two side-by-side warehouse flex spaces suitable for automotive use.
Where is this flex space located?
The property is located at 1234 Sawyer rd Sarasota, FL.
What is the asking price?
The asking price for this property is $1,380,000.
What are key features of this property?
This property features: Two side‑by‑side warehouse flex spaces offer versatile options.; Automotive use allowed, opening doors to various business opportunities.; Benefit from 16'-18' ceilings.
