Sarasota Flex Office/Warehouse
1882 PORTER LAKE DRIVE #103 Sarasota, FL 34240
For Sale
$575,000
Versatile commercial space in a growing Sarasota commercial corridor.
Property Size1,896 SF
Price / SF$303.27
Days on Market121
Property Features for 1882 PORTER LAKE DRIVE #103
General Information
Standard status
Active
Size
1,896 SF
Property subtype
Commercial
Building Details
Year Built
1998
Listing Agency:
REALTY ONE GROUP MVP
(800) 896-8790
Listed By:
MICHELLE MORIN
Source:
Corcoran
Added: Mar 31
Changed: Jul 10
Last Checked: Jul 28 at 9:07AM
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.
Located at 1882 Porter Lake Drive, Unit 103, in Sarasota, this commercial space offers an opportunity for investors and owner-users. The property provides access to major transportation routes. Unit 103 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. 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 103 offers functionality and long-term value.
Key Highlights
- Prime location in a growing commercial corridor near I‑75 and Fruitville, offering excellent accessibility.
- Versatile flex office/warehouse space suitable for investors and owner‑users.
- Approximately 1,896 square feet of well‑designed space with a functional layout.
Financial Insights For Warehouse
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 | $23.7k | $12.48 |
| − Vacancy | −$875 | −$0.46 |
| EGI | $22.8k | $12.02 |
| − OpEx | −$3.4k | −$1.80 |
| NOI | $19.4k | $10.22 |
1,896 SF · lease $12.48/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$276.7K
$242.1K – $322.8K
NOI $19,369 @ 7.0% cap · market cap 3.37%
Second Best
Flex RnD
$266.9K
$233.6K – $311.4K
NOI $18,686 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$557.6K
$487.9K – $650.5K
NOI $39,029 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial space in a growing Sarasota commercial corridor.
Where is this flex space located?
The property is located at 1882 PORTER LAKE DRIVE #103 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 in a growing commercial corridor near I‑75 and Fruitville, offering excellent accessibility.; Versatile flex office/warehouse space suitable for investors and owner‑users.; Approximately 1,896 square feet of well‑designed space with a functional layout.
