Versatile Flex Office/Warehouse
1882 PORTER LAKE DRIVE #106 Sarasota, FL 34240
For Sale
$575,000
1896 sq ft flex space in prime Sarasota location.
Property Size1,896 SF
Price / SF$303.27
Days on Market121
Property Features for 1882 PORTER LAKE DRIVE #106
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 9:10AM
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 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 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 - 1896 sq ft flex space in prime Sarasota location.
Where is this flex space located?
The property is located at 1882 PORTER LAKE DRIVE #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.
