Combined Flex Warehouse
1882 Porter Lake Drive 107/108 Sarasota, FL 34240
New
1882 Porter Lake Drive 107/108, Sarasota, FL, 34240
$1,200,000
For Sale
$1,200,000
Units 107 and 108 combine office space with warehouse area, with newly epoxied warehouse floors and new office carpet.
Property Size3,792 SF
Price / SF$316.46
Days on Market3
Property Features for 1882 Porter Lake Drive 107/108
General Information
- Standard status
- Active
- Size
- 3,792 SF
Building Details
- Year Built
- 1998
Listing agency
REALTY ONE GROUP MVP
(941) 307-5489
Listed by
Michelle Morin
Source
Whitesandsfl
Added: Jul 20 Updated: Jul 21 at 12:14PM Checked: Jul 21 at 12:14PM
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
Investment Insights
Based on property information with market context.
This offering presents combined Units 107/108 with a flexible layout that can be operated as one cohesive space or separated for different operational needs. The warehouse floors have just been newly epoxied, and the office area flooring has been modified, with brand new carpet being installed.
The property is presented for sale as a flex-style warehouse/office configuration, suitable for businesses looking for an efficient day-to-day space with the option to tailor the layout to how they operate.
With the office and warehouse components under one combined configuration, the space is designed to support both workday functions and light industrial-style activity within the warehouse area.
The property is presented for sale as a flex-style warehouse/office configuration, suitable for businesses looking for an efficient day-to-day space with the option to tailor the layout to how they operate.
With the office and warehouse components under one combined configuration, the space is designed to support both workday functions and light industrial-style activity within the warehouse area.
Key Highlights
- Units 107 and 108 combine office and warehouse space into one flexible commercial setup
- Warehouse floors have been newly epoxied
- Brand new carpet is being installed in the office area
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 | $87.4k | $23.04 |
| − Vacancy | −$4.8k | −$1.27 |
| EGI | $82.6k | $21.77 |
| − OpEx | −$20.6k | −$5.44 |
| NOI | $61.9k | $16.33 |
3,792 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$884.6K
$774.0K – $1.03M
NOI $61,922 @ 7.0% cap · market cap 5.16%
Second Best
Warehouse
$553.4K
$484.2K – $645.6K
NOI $38,737 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$1.12M
$975.7K – $1.30M
NOI $78,058 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sunbelt Electric, Inc.
Electrical Service
Mary Rebecca Weatherly ...
Insurance Agency
At Your Services Cleaning
General Contractor
Buildwerks German Automotive ...
Auto Repair Shop
Fire Brigade Alarm ...
Fire Station
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FAQs
What type of property is this?
Flex space - Units 107 and 108 combine office space with warehouse area, with newly epoxied warehouse floors and new office carpet.
Where is this flex space located?
The property is located at 1882 Porter Lake Drive 107/108 Sarasota, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Units 107 and 108 combine office and warehouse space into one flexible commercial setup; Warehouse floors have been newly epoxied; Brand new carpet is being installed in the office area
