Freestanding Warehouse with Additional
For Sale
Contact for pricing
Pending
1312 N Lime Ave, Sarasota, FL 34237
Includes private offices, showroom areas, production space, and multiple restrooms.
Property Size11,400 SF
Days on Market199
Property Features for 1312 N Lime Ave
General Information
Standard status
Pending
Size
11,400 SF
Property subtype
Industrial
Zoning
IHD & IGD
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Year Built
1971
Stories
1
Tenancy
Single
Listing Agency:
Ian Black Real Estate LLC
Listed By:
Stephen Horn · License #FL BK3062100
(407) 650-3615
Source:
Crexi
Added: Apr 2
Changed: Oct 12
Last Checked: Oct 16 at 6:53AM
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 Ian Black Real Estate LLC
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Investment Insights
Based on property information with market context.
This freestanding warehouse property contains 11,400 square feet of improvements built in 1971. The layout includes private offices, open showroom areas, multiple production zones, five restrooms, and a loft that provides additional storage capacity. The building formerly served as a cabinet showroom and manufacturing facility. Rear portions of the site are partially fenced for outside storage, with customer parking on Lime Ave and employee parking on Boyd Ave.
Access is available from both Lime Ave and Boyd Ave, and the property is located close to downtown Sarasota and area service-related businesses. The sale also includes a fully fenced 5,625-square-foot vacant lot across the street at 0 Boyd Ave. That additional parcel contains two shed-like structures and was previously used for outside storage and parking. The property is zoned IHD & IGD.
Access is available from both Lime Ave and Boyd Ave, and the property is located close to downtown Sarasota and area service-related businesses. The sale also includes a fully fenced 5,625-square-foot vacant lot across the street at 0 Boyd Ave. That additional parcel contains two shed-like structures and was previously used for outside storage and parking. The property is zoned IHD & IGD.
Key Highlights
- 11,400 SF freestanding warehouse built in 1971
- Includes private offices, showroom areas, production zones, five restrooms, and a storage loft
- Access from Lime Ave and Boyd Ave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$159,629
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,192,580
$3.2M
Cap Rate 7%
$2,280,414
$2.3M
Cap Rate 9%
$1,773,656
$1.8M
Market Conditions
NOI Build-Up for 11,400 SF
Gross rent
$195.6K $17.16/SF
− Vacancy
−$7.8K −$0.69/SF
EGI
$187.8K $16.47/SF
− OpEx
−$28.2K −$2.47/SF
NOI
$159.6K $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%
$3,192,580
Cap Rate 7%
$2,280,414
Cap Rate 9%
$1,773,656
Alternative Uses
Best Use
Warehouse
$2.28M
$2.00M – $2.66M
NOI $159,629 @ 7.0% cap · market cap 8.00%
Second Best
Industrial
$1.88M
$1.64M – $2.19M
NOI $131,459 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$3.24M
$2.83M – $3.78M
NOI $226,798 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,279
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34237, FL
16,740
Population
9,194
Households
1.8
Avg Household Size
42
Median Age
26%
College-Educated
89%
High-School Grad
3.9 sq mi
ZIP Area
4,292
Density / Sq Mi
$63,133
Median Household Income
$35,044
Median Earnings
$1,524
Median Rent
$234,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Includes private offices, showroom areas, production space, and multiple restrooms.
Where is this warehouse located?
The property is located at 1312 N Lime Ave Sarasota, FL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 11,400 SF freestanding warehouse built in 1971; Includes private offices, showroom areas, production zones, five restrooms, and a storage loft; Access from Lime Ave and Boyd Ave
