Global Court Flex
For Sale
Contact for pricing
1550 Global Court, Sarasota, FL 34240
Flex condo available for sale in Global Court.
Property Size2,352 SF
Price / SF$265.73
Days on Market146
Property Features for 1550 Global Court
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Industrial
Zoning
PID - PLANNED INDUSTRIAL DEVELOPMENT
Building Details
Year Built
2003
Buildings
1
Tenancy
Single
Listing Agency:
Harry E. Robbins Associates, Inc
Listed By:
Troy Robbins · License #FL 3169642
(941) 356-1613
Source:
Crexi
Added: May 21
Changed: Oct 9
Last Checked: Oct 12 at 7:57PM
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 Harry E. Robbins Associates, Inc
Investment Insights
Based on property information with market context.
A flex condo is available for sale. The property, located in Global Court, has a size of 2352 square feet.
Key Highlights
- Flex Condo
- Year Built: 2003
- Global Court Location
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,122
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,440
$542.4K
Cap Rate 7%
$387,457
$387.5K
Cap Rate 9%
$301,356
$301.4K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$40.4K $17.16/SF
− Vacancy
−$1.6K −$0.69/SF
EGI
$38.7K $16.47/SF
− OpEx
−$11.6K −$4.94/SF
NOI
$27.1K $11.53/SF
Area
Sarasota County, FL
Vacancy
4.00%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,440
Cap Rate 7%
$387,457
Cap Rate 9%
$301,356
Alternative Uses
Best Use
Industrial
$387.5K
$339.0K – $452.0K
NOI $27,122 @ 7.0% cap · market cap 4.34%
Second Best
Flex RnD
$251.6K
$220.2K – $293.5K
NOI $17,612 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$668.5K
$584.9K – $779.9K
NOI $46,792 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34240, FL
14,428
Population
7,570
Households
1.9
Avg Household Size
49
Median Age
52%
College-Educated
98%
High-School Grad
66.5 sq mi
ZIP Area
217
Density / Sq Mi
$126,048
Median Household Income
$53,284
Median Earnings
$2,306
Median Rent
$622,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Green Apple Catering — 365 Sarasota Center Blvd UNIT D, Sarasota, FL 34240
Frequently Asked Questions
What type of property is this?
Flex space - Flex condo available for sale in Global Court.
Where is this flex space located?
The property is located at 1550 Global Court Sarasota, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Flex Condo; Year Built: 2003; Global Court Location
