Industrial Flex Warehouse with
For Sale
Contact for pricing
1891 Porter Lake Dr, Sarasota, FL 34240
Move-in ready industrial flex space with an air-conditioned warehouse, 16' clear ceiling height, and a 12-foot overhead door.
Property Size1,896 SF
Price / SF$276.90
Days on Market161
Property Features for 1891 Porter Lake Dr
General Information
Standard status
Active
Size
1,896 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Listing Agency:
Ian Black Real Estate, LLC
(941) 809-6905
Listed By:
George W. Brusco · License #BK3406425
(941) 809-6905
Source:
Moodyscre
Added: Feb 23
Changed: Jul 28
Last Checked: Jul 28 at 1:47AM
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 move-in ready industrial/flex space totals approximately 1,896 SF and includes about 550 SF of office area plus warehouse space. The office features a reception area, an executive office/showroom, two private offices, and two newly renovated restrooms. The warehouse is fully air-conditioned with 16' clear ceiling height, a 250 SF mezzanine, and a 12-foot overhead door. The property is also equipped with a security system.
The building is located within Lake Industrial Park with convenient access to I-75 and Fruitville Rd.
With a dedicated office component and a functional warehouse configuration, the layout is designed to support a variety of industrial and commercial activities within one flexible space.
The building is located within Lake Industrial Park with convenient access to I-75 and Fruitville Rd.
With a dedicated office component and a functional warehouse configuration, the layout is designed to support a variety of industrial and commercial activities within one flexible space.
Key Highlights
- 1,896 SF industrial/flex space in Lake Industrial Park with convenient access to I‑75 and Fruitville Rd
- Warehouse is fully air‑conditioned with 16' clear ceiling height and a 12‑foot overhead door
- Includes approx. 550 SF office with reception area, executive office/showroom, and 2 private offices
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 | $43.7k | $23.04 |
| − Vacancy | −$2.4k | −$1.27 |
| EGI | $41.3k | $21.77 |
| − OpEx | −$10.3k | −$5.44 |
| NOI | $31.0k | $16.33 |
1,896 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$442.3K
$387.0K – $516.0K
NOI $30,961 @ 7.0% cap · market cap 5.90%
Second Best
Warehouse
$276.7K
$242.1K – $322.8K
NOI $19,369 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$557.6K
$487.9K – $650.5K
NOI $39,029 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
901
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Move-in ready industrial flex space with an air-conditioned warehouse, 16' clear ceiling height, and a 12-foot overhead door.
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: 1,896 SF industrial/flex space in Lake Industrial Park with convenient access to I‑75 and Fruitville Rd; Warehouse is fully air‑conditioned with 16' clear ceiling height and a 12‑foot overhead door; Includes approx. 550 SF office with reception area, executive office/showroom, and 2 private offices
