Air-Conditioned Flex Space
For Sale
Contact for pricing
1701 Bio Tech Way, Sarasota, FL 34243
Fully air-conditioned flex space offering showroom, office, and auto storage concepts in an established business park.
Property Size19,500 SF
Price / SF$192.31
Days on Market189
Property Features for 1701 Bio Tech Way
General Information
Standard status
Active
Size
19,500 SF
Property subtype
INDUSTRIAL
Additional Details
Conditioned Warehouse
Yes
Amenities
fully air-conditioned
Listing Agency:
Ian Black Real Estate, LLC
(941) 321-1634
Listed By:
Stephen G Horn · License #BK3062100
(941) 321-1634
Source:
Moodyscre
Added: Jan 22
Changed: Jul 30
Last Checked: Jul 30 at 2:07PM
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.
1701 Biotech Way is a fully air-conditioned flex space building sized at 19,500 square feet, designed to support owner-user flexibility across multiple uses. The space can work as an industrial space, a showroom, and traditional offices aimed at creative collaboration, with the property also described as suitable for auto storage.
The building is located just off 15th Street East within an established business park near the Sarasota-Bradenton International Airport, providing a convenient setting for a range of business operations.
With a “blank slate” positioning in the available remarks, the property is presented as adaptable for a new use, whether your focus is commercial showroom operations, office space, industrial activities, or auto storage needs.
The building is located just off 15th Street East within an established business park near the Sarasota-Bradenton International Airport, providing a convenient setting for a range of business operations.
With a “blank slate” positioning in the available remarks, the property is presented as adaptable for a new use, whether your focus is commercial showroom operations, office space, industrial activities, or auto storage needs.
Key Highlights
- 19,500 SF flex space building
- Fully air‑conditioned building
- Owner‑user flexibility for showroom, office, industrial, and auto storage concepts
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 | $449.3k | $23.04 |
| − Vacancy | −$24.7k | −$1.27 |
| EGI | $424.6k | $21.77 |
| − OpEx | −$106.1k | −$5.44 |
| NOI | $318.4k | $16.33 |
19,500 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.55M
$3.98M – $5.31M
NOI $318,427 @ 7.0% cap · market cap 8.49%
Second Best
Retail
$3.43M
$3.00M – $4.00M
NOI $239,803 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$5.73M
$5.02M – $6.69M
NOI $401,404 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
846
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34243, FL
30,107
Population
16,287
Households
1.8
Avg Household Size
54
Median Age
43%
College-Educated
95%
High-School Grad
18.0 sq mi
ZIP Area
1,673
Density / Sq Mi
$79,799
Median Household Income
$42,586
Median Earnings
$1,960
Median Rent
$395,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Apple Spice Box Lunch Delivery & Catering Sarasota, FL — 1447 Tallevast Rd Bldg #2, Sarasota, FL 34243
- Innovative Dining — 1431 Tallevast Rd, Sarasota, FL 34243
- Expo rental — 7600 Matoaka Rd, Sarasota, FL 34243
Frequently Asked Questions
What type of property is this?
Flex space - Fully air-conditioned flex space offering showroom, office, and auto storage concepts in an established business park.
Where is this flex space located?
The property is located at 1701 Bio Tech Way Sarasota, FL.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 19,500 SF flex space building; Fully air‑conditioned building; Owner‑user flexibility for showroom, office, industrial, and auto storage concepts
