1905 WHITFIELD PARK LOOP, Sarasota, FL 34243

Building Details

Year Built 1973 More

Year Renovated 2018 More

Building Size 18,000 SF More

Listing Agency: IronHorn Enterprises

Listed By: Ryan Jenkins · License FL #0225268974

Source: Crexi

Added: Sep 25 Changed: Nov 8 Last Checked: Nov 12 at 7:33AM

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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 IronHorn Enterprises

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Investment Insights

Based on property information with market context.

This 18,000-square-foot warehouse occupies 1.04 acres in Sarasota, Florida. Built in 1973 and renovated in 2018, the facility has 14-foot clear heights and four drive-in doors. Industrial zoning supports warehouse, distribution, service, and light industrial operations.

The property is near major transportation corridors serving the greater Sarasota-Bradenton area.

Key Highlights

• 18,000 SF building on 1.04 acres
• Four drive‑in doors and 14‑foot clear heights
• Built in 1973; renovated in 2018

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$183,879

Cap Rate

5.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,677,580 $3.7M

Cap Rate 7%

$2,626,843 $2.6M

Cap Rate 9%

$2,043,100 $2.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 18,000 SF

Gross rent

$224.6K $12.48/SF

− Vacancy

−$8.3K −$0.46/SF

EGI

$216.3K $12.02/SF

− OpEx

−$32.4K −$1.80/SF

NOI

$183.9K $10.22/SF

Area

Manatee County, FL

Vacancy

3.70%

Lease Rate

$12.48 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,677,580

Cap Rate 7%

$2,626,843

Cap Rate 9%

$2,043,100

Alternative Uses

Best Use

Warehouse

$2.63M

$2.30M – $3.06M (±1% cap)

NOI $183,879 @ 7.0% cap · market cap 5.11%

Second Best

Industrial

$2.16M

$1.89M – $2.52M (±1% cap)

NOI $151,430 @ 7.0% cap · market cap 4.21%

Theoretical Best

Office A

$5.29M

$4.63M – $6.18M (±1% cap)

NOI $370,526 @ 7.0% cap · market cap 10.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Distribution centers

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Pharmacy (Bike/Boat/Book/etc) Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14 ft

Clear height

4

Drive-in doors

Location Intelligence

Trade Area within ½ mile

890

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 34243, FL

30,107

Population

16,287

Households

1.8

Avg Household Size

54

Median Age

43%

College-Educated

95%

High-School Grad

18.0 sq mi

ZIP Area

1,673

Density / Sq Mi

$79,799

Median Household Income

$42,586

Median Earnings

$1,960

Median Rent

$395,000

Median Home Value

Market

Average Price Trend$/SF for Warehouses in Sarasota, FL

$274 Jul

$273 Aug

$247 Sep

$208 Oct

Properties on Market for Warehouses in Sarasota

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Updated industrial facility with drive-in access and proximity to transportation corridors serving the Sarasota-Bradenton region.

Where is this warehouse located?

The property is located at 1905 WHITFIELD PARK LOOP Sarasota, FL.

What is the asking price?

The asking price for this property is $3,600,000.

What are key features of this property?

This property features: 18,000 SF building on 1.04 acres; Four drive‑in doors and 14‑foot clear heights; Built in 1973; renovated in 2018