Air-Conditioned Warehouse with
For Sale
Contact for pricing
2200 51st Street, Sarasota, FL 34234
Free-standing warehouse includes a front office/showroom with glass entry and a fenced lot with added outside storage potential.
Property Size9,347 SF
Price / SF$192.58
Days on Market130
Property Features for 2200 51st Street
General Information
Standard status
Active
Size
9,347 SF
Property subtype
Industrial
Zoning
LM - Limited Manufacturing
Investment Type
Owner/User
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Year Built
1977
Year Renovated
2021
Buildings
3
Tenancy
Single
Listing Agency:
Ripco Real Estate
Listed By:
Jaclyn Blair · License #Fl SL3371512
(813) 921-5636
Source:
Crexi
Added: May 1
Changed: Sep 4
Last Checked: Sep 7 at 5:44AM
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 Ripco Real Estate
Investment Insights
Based on property information with market context.
This free-standing air-conditioned warehouse features a front office and/or showroom space with a glass door entry. Approximately 75% of the warehouse area is air conditioned, supporting a range of distribution and light-use needs within a controlled environment.
The property sits in an industrial park near Sarasota Airport, with access off US 301 and Washington Blvd. A fenced lot provides room for parking and/or outside storage behind the building, and the property also offers potential to add additional fenced-in area to expand exterior operations.
Additional outside storage opportunities are supported by the existing fenced configuration and the presence of extra space behind the building, while the combined warehouse and front office layout supports both receiving/storage and customer-facing space at the entry.
The property sits in an industrial park near Sarasota Airport, with access off US 301 and Washington Blvd. A fenced lot provides room for parking and/or outside storage behind the building, and the property also offers potential to add additional fenced-in area to expand exterior operations.
Additional outside storage opportunities are supported by the existing fenced configuration and the presence of extra space behind the building, while the combined warehouse and front office layout supports both receiving/storage and customer-facing space at the entry.
Key Highlights
- Free‑standing air‑conditioned warehouse with 75% of warehouse area air conditioned
- Front office/showroom space with glass door entry
- Fenced lot with additional parking and outside storage behind the building
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
$95,484
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
5.30%
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%
$1,909,680
$1.9M
Cap Rate 7%
$1,364,057
$1.4M
Cap Rate 9%
$1,060,933
$1.1M
Market Conditions
NOI Build-Up for 9,347 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
$116.7K $12.48/SF
− Vacancy
−$4.3K −$0.46/SF
EGI
$112.3K $12.02/SF
− OpEx
−$16.9K −$1.80/SF
NOI
$95.5K $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 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%
$1,909,680
Cap Rate 7%
$1,364,057
Cap Rate 9%
$1,060,933
Alternative Uses
Best Use
Warehouse
$1.36M
$1.19M – $1.59M
NOI $95,484 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.75M
$2.41M – $3.21M
NOI $192,406 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34234, FL
20,858
Population
10,257
Households
2
Avg Household Size
42
Median Age
28%
College-Educated
86%
High-School Grad
6.5 sq mi
ZIP Area
3,209
Density / Sq Mi
$56,607
Median Household Income
$33,536
Median Earnings
$1,352
Median Rent
$222,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Public Storage — 5425 N Washington Blvd, Sarasota, FL 34234
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Frequently Asked Questions
What type of property is this?
Warehouse - Free-standing warehouse includes a front office/showroom with glass entry and a fenced lot with added outside storage potential.
Where is this warehouse located?
The property is located at 2200 51st Street Sarasota, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Free‑standing air‑conditioned warehouse with 75% of warehouse area air conditioned; Front office/showroom space with glass door entry; Fenced lot with additional parking and outside storage behind the building
