Freestanding Industrial Office
1342 N Lime Ave Sarasota, FL 34237
1342 N Lime Ave, Sarasota, FL, 34237
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For Sale
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Freestanding building with industrial/office showroom setup, outdoor storage, and IHD zoning.
Property Size2,640 SF
Price / SF$289.77
Days on Market80
Property Features for 1342 N Lime Ave
General Information
- Standard status
- Active
- Size
- 2,640 SF
- Property subtype
- INDUSTRIAL
Listing agency
Ian Black Real Estate, LLC
(941) 809-6905
Listed by
George W. Brusco · License #BK3406425
(941) 809-6905
Source
Moodyscre
Added: May 4 Updated: Jul 22 at 11:16AM Checked: Jul 22 at 11:16AM
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
Investment Insights
Based on property information with market context.
This freestanding building offers approximately 2,640 square feet of industrial/office showroom space, with outdoor storage included. The property is described as versatile, with ample potential for customization to fit different operational needs.
Located at 1342 N Lime Ave in Sarasota, Florida, the property is positioned for use as an industrial/office showroom. The site is zoned IHD.
Overall, the combination of indoor showroom/office configuration and outdoor storage supports a range of industrial and customer-facing activities within a single freestanding facility.
Located at 1342 N Lime Ave in Sarasota, Florida, the property is positioned for use as an industrial/office showroom. The site is zoned IHD.
Overall, the combination of indoor showroom/office configuration and outdoor storage supports a range of industrial and customer-facing activities within a single freestanding facility.
Key Highlights
- Freestanding 2,640 SF industrial/office showroom building at 1342 N Lime Ave, Sarasota, FL
- Outdoor storage available for the industrial/office showroom setup
- Zoned IHD for industrial and office showroom use
Local Financial Insights For Office B
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 | $60.8k | $23.04 |
| − Vacancy | −$3.3k | −$1.27 |
| EGI | $57.5k | $21.77 |
| − OpEx | −$14.4k | −$5.44 |
| NOI | $43.1k | $16.33 |
2,640 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$615.9K
$538.9K – $718.5K
NOI $43,110 @ 7.0% cap · market cap 5.64%
Second Best
Retail
$463.8K
$405.8K – $541.1K
NOI $32,466 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$776.3K
$679.3K – $905.7K
NOI $54,344 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sarasota Lock & Key ...
Locksmith
Similar For Sale Nearby
Similar Off Market Nearby
- CJH Hospitality Sarasota Inc — 925 N Lime Ave, Sarasota, FL 34237
- Artichoke and Company — 677 N Washington Blvd, Sarasota, FL 34236
FAQs
What type of property is this?
Flex space - Freestanding building with industrial/office showroom setup, outdoor storage, and IHD zoning.
Where is this flex space located?
The property is located at 1342 N Lime Ave Sarasota, FL.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Freestanding 2,640 SF industrial/office showroom building at 1342 N Lime Ave, Sarasota, FL; Outdoor storage available for the industrial/office showroom setup; Zoned IHD for industrial and office showroom use
