Air-Conditioned Warehouse with
2200 51st Street Sarasota, FL 34234
2200 51st Street, Sarasota, FL, 34234
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For Sale
Contact for pricing
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 Market83
Property Features for 2200 51st Street
General Information
- Standard status
- Active
- Size
- 9,347 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1977
Listing agency
Ripco Real Estate
(813) 921-5636
Listed by
Vinny Prospal · License #SL3642025
Source
Crexi
Added: May 1 Updated: Jul 21 at 11:50AM Checked: Jul 21 at 11:50AM
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $215.4k | $23.04 |
| − Vacancy | −$11.8k | −$1.27 |
| EGI | $203.5k | $21.77 |
| − OpEx | −$50.9k | −$5.44 |
| NOI | $152.6k | $16.33 |
9,347 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.18M
$1.91M – $2.54M
NOI $152,633 @ 7.0% cap · market cap 8.48%
Second Best
Warehouse
$1.36M
$1.19M – $1.59M
NOI $95,484 @ 7.0% cap · market cap 5.30%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tepe Upholstery, Custom ...
Furniture & Home Goods
Similar For Sale Nearby
Similar Off Market Nearby
- Public Storage — 5425 N Washington Blvd, Sarasota, FL 34234
- Suncoast Executive Storage — Desoto Rd, Sarasota, FL 34234
FAQs
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
