Move-in Ready Industrial/Flex
For Sale
Contact for pricing
1891 Porter Lake Dr, Sarasota, FL 34240
1,896 SF industrial/flex space in Lake Industrial Park.
Property Size1,896 SF
Price / SF$276.90
Days on Market232
Property Features for 1891 Porter Lake Dr
General Information
Standard status
Active
Size
1,896 SF
Property subtype
Industrial
Building Details
Tenancy
Single
Listing Agency:
Ian Black Real Estate LLC
Listed By:
George W. Brusco · License #FL BK3406425
(941) 906-8688
Source:
Crexi
Added: Feb 23
Changed: Oct 6
Last Checked: Oct 12 at 4:39PM
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.
This 1,896 SF industrial/flex space is located in Lake Industrial Park, providing access to I-75 and Fruitville Rd. The property offers a layout suitable for industrial and commercial uses. The space includes approximately 550 SF of office space, featuring a reception area, an executive office/showroom, two private offices, and two newly renovated restrooms. The warehouse space is fully air-conditioned and has a 16-foot clear ceiling height, a 250 SF mezzanine, and a 12-foot overhead door. The space is equipped with a security system.
Key Highlights
- Move‑in ready 1,896 SF industrial/flex space.
- Located in the highly desirable Lake Industrial Park with convenient access to I‑75 and Fruitville Rd.
- Fully air‑conditioned warehouse with 16' clear ceiling height.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,864
Cap Rate
4.16%
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 4.16%
Second Best
Flex RnD
$202.8K
$177.5K – $236.6K
NOI $14,197 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$538.9K
$471.5K – $628.7K
NOI $37,720 @ 7.0% cap · market cap 7.18%
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - 1,896 SF industrial/flex space in Lake Industrial Park.
Where is this flex space located?
The property is located at 1891 Porter Lake Dr Sarasota, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Move‑in ready 1,896 SF industrial/flex space.; Located in the highly desirable Lake Industrial Park with convenient access to I‑75 and Fruitville Rd.; Fully air‑conditioned warehouse with 16' clear ceiling height.
