Versatile Industrial Condo
2100 51ST STREET 1 Sarasota, FL 34234
For Sale
$330,000
Pending
Industrial condo with workspace, storage, offices, and convenient location.
Property Size2,016 SF
Lot Size1.67 Acres
Days on Market541
Property Features for 2100 51ST STREET 1
General Information
Standard status
Pending
Size
2,016 SF
Lot size
1.67 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
2005
Listing Agency:
COLDWELL BANKER REALTY
(941) 416-5654
Listed By:
Vincent LaMaida · License #3217503
(941) 416-5654
Source:
Exitrealty
Added: Feb 3, 2025
Changed: Jul 10
Last Checked: Jul 29 at 5:01AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
Located at 2100 51st St #1, this industrial condo unit includes a 20x40 bay suitable for workspace and storage. The property features an 864 sq. ft. unfinished mezzanine that overlooks the bay area. It also contains a kitchen, a main office, a secondary office, and two bathrooms. The unit is suitable for a variety of commercial uses. Situated near the Sarasota-Bradenton Airport, the space provides access to major roadways, offering a location for business operations. The property is suitable for light industrial work, storage, or office use.
Key Highlights
- Versatile 20x40 industrial bay suitable for workspace and storage
- Unfinished 864 sq. ft. mezzanine provides additional space
- Includes a kitchen, main office, and secondary office
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 | $25.2k | $12.48 |
| − Vacancy | −$931 | −$0.46 |
| EGI | $24.2k | $12.02 |
| − OpEx | −$3.6k | −$1.80 |
| NOI | $20.6k | $10.22 |
2,016 SF · lease $12.48/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$294.2K
$257.4K – $343.2K
NOI $20,594 @ 7.0% cap · market cap 6.24%
Second Best
Flex RnD
$283.8K
$248.4K – $331.1K
NOI $19,868 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$592.8K
$518.7K – $691.7K
NOI $41,499 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Pink Cloud Catering — 1909 Northgate Blvd, Sarasota, FL 34234
- Curated Catering & Events — 1777 Northgate Blvd Unit A1, Sarasota, FL 34234
- Culinary Creations by Metz — 1540 Northgate Blvd, Sarasota, FL 34234
- Amici Catering — 4062 N Washington Blvd, Sarasota, FL 34234
Frequently Asked Questions
What type of property is this?
Flex space - Industrial condo with workspace, storage, offices, and convenient location.
Where is this flex space located?
The property is located at 2100 51ST STREET 1 Sarasota, FL.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Versatile 20x40 industrial bay suitable for workspace and storage; Unfinished 864 sq. ft. mezzanine provides additional space; Includes a kitchen, main office, and secondary office
