Multi-Unit Industrial
2120 Whitfield Park Loop, Sarasota, FL 34243
For Sale
New
$2,400,000
LM zoning supports a range of light manufacturing and warehouse-related uses.
Property Size12,500 SF
Lot Size1.03 Acres
Price / SF$192
Days on Market4
Property Features for 2120 Whitfield Park Loop
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Amenities
Exceptional location just minutes from US-301, University Parkway, and Interstate 75, providing convenient access throughout Sarasota, Manatee, and the greater Tampa Bay region.
3 grade level (12x12) and 1 (14x12) grade level doors, devised units with A/C office and restroom areas make for a turn key multi-tenant investment opportunity.
Recent property enhancements include asphalt(2021), metal fencing (2019), roll up doors and man doors (2019) Roof panels (2019).
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Tampa Office
Listed By:
Devin Guilliams · License #License(s): FL: SL3422521
(813) 387-4761
Source:
Marcusmillichap
Added: Nov 6
Last Checked: Nov 8 at 2:19AM
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 Tampa Office
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Investment Insights
Based on property information with market context.
This 12,500-square-foot warehouse occupies a 1.03-acre parcel in Whitfield Industrial Park. The building is divided into three units, with the option to reconfigure it as four. Each unit includes air-conditioned office space and a private restroom. Built in 1978, the property is zoned LM (Light Manufacturing), supporting industrial, warehouse, manufacturing, fabrication, distribution, and contractor-related uses.
Key Highlights
- 12,500‑square‑foot warehouse on a 1.03‑acre parcel
- Configured as three units, with potential conversion to four
- Air‑conditioned office space and a private restroom in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,694
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,553,880
$2.6M
Cap Rate 7%
$1,824,200
$1.8M
Cap Rate 9%
$1,418,822
$1.4M
Market Conditions
NOI Build-Up for 12,500 SF
Gross rent
$156.0K $12.48/SF
− Vacancy
−$5.8K −$0.46/SF
EGI
$150.2K $12.02/SF
− OpEx
−$22.5K −$1.80/SF
NOI
$127.7K $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%
$2,553,880
Cap Rate 7%
$1,824,200
Cap Rate 9%
$1,418,822
Alternative Uses
Best Use
Warehouse
$1.82M
$1.60M – $2.13M
NOI $127,694 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.68M
$3.22M – $4.29M
NOI $257,310 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
922
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
$395,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Sarasota, FL
Properties on Market for Warehouses in Sarasota
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - LM zoning supports a range of light manufacturing and warehouse-related uses.
Where is this warehouse located?
The property is located at 2120 Whitfield Park Loop Sarasota, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 12,500‑square‑foot warehouse on a 1.03‑acre parcel; Configured as three units, with potential conversion to four; Air‑conditioned office space and a private restroom in each unit
