Flex Space with Two
For Sale
$2,139,000
2169 10TH ST, Sarasota, FL 34237
DTE-zoned property combines warehouse bays with office and support areas.
Property Size11,475 SF
Days on Market121
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Property Features for 2169 10TH ST
General Information
Standard status
Active
Size
11,475 SF
Property subtype
Warehouse
Taxes and HOA fees
Annual Taxes
$3,820
Building Details
Building Size
11,475 SF
Year Built
1971
Listing Agency:
COMPASS FLORIDA LLC
Listed By:
Colby Lengel · License #3335175
(941) 779-6227
Source:
Daniellegladdingco
Added: Jun 17
Changed: Oct 5
Last Checked: Oct 15 at 4:36AM
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 COMPASS FLORIDA LLC
Investment Insights
Based on property information with market context.
This 11,475-square-foot flex property includes two warehouse bays equipped with 14-foot grade-level roll-up doors. The interior layout includes a first-floor reception area, private office, kitchen, and restroom, complemented by two loft-style office areas and a mezzanine. The configuration supports a combination of operational, administrative, and creative workspace.
Located in Downtown Sarasota, the property carries DTE zoning and includes an additional east-side lot with grassy open space. The lot may accommodate additional parking, storage, outdoor activation, or expansion of the existing footprint, subject to applicable approvals. The property is also positioned for light industrial operations, storage, production, fitness, social club, or other business concepts identified in the source information.
Located in Downtown Sarasota, the property carries DTE zoning and includes an additional east-side lot with grassy open space. The lot may accommodate additional parking, storage, outdoor activation, or expansion of the existing footprint, subject to applicable approvals. The property is also positioned for light industrial operations, storage, production, fitness, social club, or other business concepts identified in the source information.
Key Highlights
- 11,475‑square‑foot flex property in Downtown Sarasota
- DTE zoning
- Two warehouse bays with 14‑foot grade‑level roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$167,306
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,346,120
$3.3M
Cap Rate 7%
$2,390,086
$2.4M
Cap Rate 9%
$1,858,956
$1.9M
Market Conditions
NOI Build-Up for 11,475 SF
Gross rent
$247.9K $21.60/SF
− Vacancy
−$24.8K −$2.16/SF
EGI
$223.1K $19.44/SF
− OpEx
−$55.8K −$4.86/SF
NOI
$167.3K $14.58/SF
Area
Sarasota County, FL
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,346,120
Cap Rate 7%
$2,390,086
Cap Rate 9%
$1,858,956
Alternative Uses
Best Use
Office B
$2.39M
$2.09M – $2.79M
NOI $167,306 @ 7.0% cap · market cap 7.82%
Second Best
Warehouse
$2.30M
$2.01M – $2.68M
NOI $160,679 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$3.26M
$2.85M – $3.80M
NOI $228,290 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,055
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34237, FL
16,740
Population
9,194
Households
1.8
Avg Household Size
42
Median Age
26%
College-Educated
89%
High-School Grad
3.9 sq mi
ZIP Area
4,292
Density / Sq Mi
$63,133
Median Household Income
$35,044
Median Earnings
$1,524
Median Rent
$234,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
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- El taco loco — 710 N Lemon Ave 7887 N Lockwood Ridge Rd, Sarasota, FL 34243 160 paramount drive Sarasota Florida 34
- Wolfies Box Office — 1454 Boulevard of the Arts, Sarasota, FL 34236
- Artichoke and Company — 677 N Washington Blvd, Sarasota, FL 34236
Frequently Asked Questions
What type of property is this?
Flex space - DTE-zoned property combines warehouse bays with office and support areas.
Where is this flex space located?
The property is located at 2169 10TH ST Sarasota, FL.
What is the asking price?
The asking price for this property is $2,139,000.
What are key features of this property?
This property features: 11,475‑square‑foot flex property in Downtown Sarasota; DTE zoning; Two warehouse bays with 14‑foot grade‑level roll‑up doors
