Industrial Flex Building with 5
2010 whitfield Park Loop Sarasota, FL 34243
2010 whitfield Park Loop, Sarasota, FL, 34243
$2,300,000
For Sale
$2,300,000
Industrial flex property with five units and 100% occupancy, recently renovated in 2022 and zoned LM.
Property Size9,606 SF
Price / SF$239.43
Days on Market93
Property Features for 2010 whitfield Park Loop
General Information
- Standard status
- Active
- Size
- 9,606 SF
- Property subtype
- Industrial - Flex - Industrial
Building Details
- Year Built
- 1980
Listing agency
NDC Commercial Real Estate
Listed by
Gavin Oberlin · License #SL3461965
Source
Commercialcafe
Added: Apr 21 Updated: Jul 21 at 8:51PM Checked: Jul 21 at 8:51PM
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 NDC Commercial Real Estate
Investment Insights
Based on property information with market context.
The property is a 9,606 SF industrial/flex building configured as five units. The improvements were recently renovated in 2022, while the structure is described as having been built in 1980. The offering is presented with 100% occupancy and is zoned LM, supporting a range of industrial and flex uses.
Located in the Sarasota, FL area, the property is positioned for convenient logistics and transportation access, with proximity to Sarasota-Bradenton International Airport and the nearby I-75 corridor. The surrounding area also includes educational and workforce-training institutions such as Suncoast Technical College and State College of Florida, along with the University Town Center as a nearby retail, dining, and entertainment hub.
Located in the Sarasota, FL area, the property is positioned for convenient logistics and transportation access, with proximity to Sarasota-Bradenton International Airport and the nearby I-75 corridor. The surrounding area also includes educational and workforce-training institutions such as Suncoast Technical College and State College of Florida, along with the University Town Center as a nearby retail, dining, and entertainment hub.
Key Highlights
- 9,606 SF industrial/flex building built in 1980
- 5‑unit layout with 100% occupancy
- Recently renovated in 2022
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.3k | $15.96 |
| − Vacancy | −$7.7k | −$0.80 |
| EGI | $145.6k | $15.16 |
| − OpEx | −$51.0k | −$5.31 |
| NOI | $94.7k | $9.86 |
9,606 SF · lease $15.96/SF/yr · vacancy 5.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.35M
$1.18M – $1.58M
NOI $94,670 @ 7.0% cap · market cap 4.12%
Second Best
Industrial
$1.15M
$1.01M – $1.35M
NOI $80,813 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$2.82M
$2.47M – $3.30M
NOI $197,738 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Cutting Edge Diagnostics-Auto ...
Auto Repair Shop
Copperleaf Cabinets LLC
General Contractor
Precision Motorwerks
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Fun With Food Catering — 2528 Trailmate Dr, Sarasota, FL 34243
FAQs
What type of property is this?
Flex space - Industrial flex property with five units and 100% occupancy, recently renovated in 2022 and zoned LM.
Where is this flex space located?
The property is located at 2010 whitfield Park Loop Sarasota, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 9,606 SF industrial/flex building built in 1980; 5‑unit layout with 100% occupancy; Recently renovated in 2022
