Air-Conditioned Warehouse with
For Sale
$1,800,000
2200 51st St, 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$185.57
Days on Market168
Property Features for 2200 51st St
General Information
Standard status
Active
Size
9,347 SF
Class
C
Property subtype
Industrial - Warehouse/Distribution
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Building Size
9,347 SF
Year Built
1977
Listing Agency:
RIPCO Real Estate
Listed By:
Jaclyn Blair · License #SL3371512
(813) 921-5636
Source:
Commercialcafe
Added: May 8
Changed: Oct 22
Last Checked: Oct 20 at 5:15PM
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
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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 / Yr
$135,825
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,716,500
$2.7M
Cap Rate 7%
$1,940,357
$1.9M
Cap Rate 9%
$1,509,167
$1.5M
Market Conditions
NOI Build-Up for 9,700 SF
Gross rent
$166.5K $17.16/SF
− Vacancy
−$6.7K −$0.69/SF
EGI
$159.8K $16.47/SF
− OpEx
−$24.0K −$2.47/SF
NOI
$135.8K $14.00/SF
Area
Sarasota County, FL
Vacancy
4.00%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,716,500
Cap Rate 7%
$1,940,357
Cap Rate 9%
$1,509,167
Alternative Uses
Best Use
Warehouse
$1.94M
$1.70M – $2.26M
NOI $135,825 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.76M
$2.41M – $3.22M
NOI $192,977 @ 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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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Public Storage — 5425 N Washington Blvd, Sarasota, FL 34234
- Suncoast Executive Storage — Desoto Rd, Sarasota, FL 34234
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 St 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
