Freestanding Industrial Office
For Sale
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1342 N Lime Ave, Sarasota, FL 34237
Freestanding building with industrial/office showroom setup, outdoor storage, and IHD zoning.
Property Size2,640 SF
Price / SF$289.77
Days on Market127
Property Features for 1342 N Lime Ave
General Information
Standard status
Active
Size
2,640 SF
Property subtype
INDUSTRIAL
Zoning
IHD
Additional Details
Outdoor Storage
Yes
Properties For Sale
at 1342 N Lime Ave Contact us- Size
- 2,640 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE
1342 N Lime Ave
Prime industrial/office showroom opportunity at 1342 N Lime Ave, Sarasota, FL. This...
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Listing Agency:
Ian Black Real Estate, LLC
(941) 906-8688
Listed By:
George W. Brusco · License #BK3406425
(941) 809-6905
Source:
Moodyscre
Added: May 4
Changed: Aug 8
Last 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
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
$43,110
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
5.64%
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%
$862,200
$862.2K
Cap Rate 7%
$615,857
$615.9K
Cap Rate 9%
$479,000
$479.0K
Market Conditions
NOI Build-Up for 2,640 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
$60.8K $23.04/SF
− Vacancy
−$3.3K −$1.27/SF
EGI
$57.5K $21.77/SF
− OpEx
−$14.4K −$5.44/SF
NOI
$43.1K $16.33/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
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%
$862,200
Cap Rate 7%
$615,857
Cap Rate 9%
$479,000
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,279
Businesses Nearby
Under-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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Artichoke and Company — 677 N Washington Blvd, Sarasota, FL 34236
- CJH Hospitality Sarasota Inc — 925 N Lime Ave, Sarasota, FL 34237
Frequently Asked Questions
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
