Versatile Flex Office/Warehouse
For Sale
$575,000
1882 Porter Lake Dr Unit 106, Sarasota, FL 34240
1896 sq ft flex space in prime Sarasota location.
Property Size1,896 SF
Price / SF$303.27
Days on Market200
Property Features for 1882 Porter Lake Dr Unit 106
General Information
Standard status
Active
Size
1,896 SF
Building Details
Year Built
1998
Listing Agency:
REALTY ONE GROUP MVP
Listed By:
Michelle Morin
(941) 307-5489
Source:
Susannelosso
Added: Mar 31
Changed: Oct 2
Last Checked: Oct 7 at 4:15PM
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 REALTY ONE GROUP MVP
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Investment Insights
Based on property information with market context.
Located at 1882 Porter Lake Drive, Unit 106, in Sarasota, this commercial space offers an opportunity for investors and owner-users. The property provides access to major transportation routes. Unit 106 features approximately 1,896 square feet of flex office/warehouse space. The layout includes a front office area and a rear warehouse, allowing for a blend of administrative and operational use. Built in 1998, this unit is suited for uses including light industrial, storage, distribution, service-based businesses, or office/warehouse combinations. Its layout and location make it an option for businesses seeking flexibility and accessibility. The warehouse includes a roll-up overhead door, providing access for loading, deliveries, and storage needs. Positioned in a growing commercial corridor near I-75 and the Fruitville area, Unit 106 offers functionality and long-term value.
Key Highlights
- Prime location near I‑75 and Fruitville area in a growing commercial corridor.
- Versatile flex office/warehouse space suitable for investors or owner‑users.
- Approximately 1,896 square feet of well‑designed space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,864
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,280
$437.3K
Cap Rate 7%
$312,343
$312.3K
Cap Rate 9%
$242,933
$242.9K
Market Conditions
NOI Build-Up for 1,896 SF
Gross rent
$32.5K $17.16/SF
− Vacancy
−$1.3K −$0.69/SF
EGI
$31.2K $16.47/SF
− OpEx
−$9.4K −$4.94/SF
NOI
$21.9K $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%
$437,280
Cap Rate 7%
$312,343
Cap Rate 9%
$242,933
Alternative Uses
Best Use
Industrial
$312.3K
$273.3K – $364.4K
NOI $21,864 @ 7.0% cap · market cap 3.80%
Second Best
Flex RnD
$202.8K
$177.5K – $236.6K
NOI $14,197 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$538.9K
$471.5K – $628.7K
NOI $37,720 @ 7.0% cap · market cap 6.56%
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
935
Businesses Nearby
Under-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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - 1896 sq ft flex space in prime Sarasota location.
Where is this flex space located?
The property is located at 1882 Porter Lake Dr Unit 106 Sarasota, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Prime location near I‑75 and Fruitville area in a growing commercial corridor.; Versatile flex office/warehouse space suitable for investors or owner‑users.; Approximately 1,896 square feet of well‑designed space.
