High-Clearance Warehouse with Office
For Sale
Contact for pricing
215 Interstate Blvd, Sarasota, FL
15,000 SF warehouse with 2,000 SF office, excellent I-75 visibility.
Property Size14,997 SF
Lot Size1.04 Acres
Price / SF$216.71
Days on Market297
Property Features for 215 Interstate Blvd
General Information
Standard status
Active
Size
14,997 SF
Lot size
1.04 Acres
Property subtype
INDUSTRIAL
Listing Agency:
SVN - Commercial Partners | Sarasota
(800) 899-5564
Listed By:
Steve Dowling · License #SL3559034
(808) 640-6586
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Sep 15
Last Checked: Sep 16 at 9:02PM
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 SVN - Commercial Partners | Sarasota
Investment Insights
Based on property information with market context.
This commercial warehouse offers approximately 15,000 square feet of space, along with an additional 2,000 square feet of office and mezzanine space. The office and mezzanine space is currently leased with two years remaining and an option to renew. The current rental rates are below market, providing potential for increased income upon lease expiration or an opportunity for owner occupancy. The warehouse features a 16-foot eave height and 18-foot peak ceilings. There are four 12' x 14' roll-up doors: one loading dock door on the north side, two grade-level doors on the west side, and an additional roll-up door on the south side. The property includes approximately 4,000 square feet of air-conditioned office space spread across two levels, featuring private offices, a reception area, a service department, an open bull-pen workspace, and a spacious conference room. The property has a 150 amp, 3-phase electrical system and over 50 parking spaces, with potential for outdoor storage. The property has visibility from Exit 210 on I-75.
Key Highlights
- Prime location with exceptional visibility from I‑75 (Exit 210), offering unmatched accessibility and exposure.
- High‑clearance warehouse with 15,000 sq ft, plus 2,000 sq ft of leased office/mezzanine space (16‑foot eave height and 18‑foot peak ceilings).
- Four 12' x 14' roll‑up doors (including a loading dock), providing seamless logistics and transportation flow.
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
$244,895
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
7.54%
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%
$4,897,900
$4.9M
Cap Rate 7%
$3,498,500
$3.5M
Cap Rate 9%
$2,721,056
$2.7M
Market Conditions
NOI Build-Up for 14,997 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
$345.5K $23.04/SF
− Vacancy
−$19.0K −$1.27/SF
EGI
$326.5K $21.77/SF
− OpEx
−$81.6K −$5.44/SF
NOI
$244.9K $16.33/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
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%
$4,897,900
Cap Rate 7%
$3,498,500
Cap Rate 9%
$2,721,056
Alternative Uses
Best Use
Office B
$3.50M
$3.06M – $4.08M
NOI $244,895 @ 7.0% cap · market cap 7.54%
Second Best
Warehouse
$2.19M
$1.92M – $2.55M
NOI $153,202 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$4.41M
$3.86M – $5.15M
NOI $308,710 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,012
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - 15,000 SF warehouse with 2,000 SF office, excellent I-75 visibility.
Where is this warehouse located?
The property is located at 215 Interstate Blvd Sarasota, FL.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Prime location with exceptional visibility from I‑75 (Exit 210), offering unmatched accessibility and exposure.; High‑clearance warehouse with 15,000 sq ft, plus 2,000 sq ft of leased office/mezzanine space (16‑foot eave height and 18‑foot peak ceilings).; Four 12' x 14' roll‑up doors (including a loading dock), providing seamless logistics and transportation flow.
