Multi-Tenant Storefront
For Sale
Contact for pricing
1900 N Washington Blvd, Sarasota, FL 34234
Storefront property with industrial general zoning and established multi-tenant configuration.
Property Size6,750 SF
Price / SF$340.74
Days on Market93
Property Features for 1900 N Washington Blvd
General Information
Standard status
Active
Size
6,750 SF
Property subtype
Retail
Zoning
Industrial General (IG)
Building Details
Buildings
2
Units
4
Tenancy
Multi
Listing Agency:
Yoder Design & Development
Listed By:
Paul Yoder · License #FL
Source:
Crexi
Added: May 30
Changed: Aug 29
Last Checked: Aug 29 at 5:51PM
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 Yoder Design & Development
Investment Insights
Based on property information with market context.
This 6,750-square-foot storefront property is configured for multiple tenants and carries Industrial General (IG) zoning. The asset is identified as a retail-oriented commercial property with an existing multi-tenant setup.
The property is located at 1900 N Washington Blvd in Sarasota, Florida, along the North Washington Boulevard corridor. Its zoning designation and storefront format provide the primary physical and land-use details available for evaluating the property.
The property is located at 1900 N Washington Blvd in Sarasota, Florida, along the North Washington Boulevard corridor. Its zoning designation and storefront format provide the primary physical and land-use details available for evaluating the property.
Key Highlights
- 6,750 square feet of property size
- Industrial General (IG) zoning
- Multi‑tenant storefront configuration
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,009
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,660,180
$1.7M
Cap Rate 7%
$1,185,843
$1.2M
Cap Rate 9%
$922,322
$922.3K
Market Conditions
NOI Build-Up for 6,750 SF
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.
Gross rent
$121.5K $18.00/SF
− Vacancy
−$2.9K −$0.43/SF
EGI
$118.6K $17.57/SF
− OpEx
−$35.6K −$5.27/SF
NOI
$83.0K $12.30/SF
Area
Manatee County, FL
Vacancy
2.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,660,180
Cap Rate 7%
$1,185,843
Cap Rate 9%
$922,322
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.38M
NOI $83,009 @ 7.0% cap · market cap 3.61%
Second Best
Industrial
$811.2K
$709.8K – $946.4K
NOI $56,786 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$1.98M
$1.74M – $2.32M
NOI $138,947 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,074
Businesses Nearby
32k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 31%
Electronics 3%
Home Improvements & Furnishings 1%
Wendy's
Dining
9,957 visits/mo
0.3 miles
AutoZone
Shops & Services
3,563 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
3,314 visits/mo
0.5 miles
Sunoco
Shops & Services
2,217 visits/mo
0.2 miles
Citgo
Shops & Services
2,077 visits/mo
0.3 miles
Demographics for 34234, FL
20,858
Population
10,257
Households
2
Avg Household Size
42
Median Age
28%
College-Educated
86%
High-School Grad
6.5 sq mi
ZIP Area
3,209
Density / Sq Mi
$56,607
Median Household Income
$33,536
Median Earnings
$1,352
Median Rent
$222,900
Median Home Value
Market
Vacancy Rate% for Retail in Sarasota, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront property with industrial general zoning and established multi-tenant configuration.
Where is this storefront property located?
The property is located at 1900 N Washington Blvd Sarasota, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 6,750 square feet of property size; Industrial General (IG) zoning; Multi‑tenant storefront configuration
