Warehouse with Office and Enclosed
For Sale
Contact for pricing
2200 51st St, Sarasota, FL 34234
Warehouse space includes a glass-door office/showroom and two enclosed outbuildings, with a fully fenced rear for parking or storage.
Property Size9,752 SF
Price / SF$184.58
Days on Market63
Property Features for 2200 51st St
General Information
Standard status
Active
Size
9,752 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Clear Height
11 ft
Properties For Sale
at 2200 51st St Contact us- Floor
- Bldg
- Size
- 9,752 SF
- Type
- INDUSTRIAL
- Availability
- AVAILABLE, Now
- Sublease
- No
2200 51st St
- 9,347 SF of warehouse space in the main building with 2 additional outbuildings...
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Listing Agency:
RIPCO Real Estate | Tampa
(813) 320-0050
Listed By:
Jaclyn Blair · License #SL3371512
(813) 921-5636
Source:
Moodyscre
Added: Jul 13
Changed: Sep 9
Last Checked: Sep 12 at 9:37AM
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 | Tampa
Investment Insights
Based on property information with market context.
This property offers 9,347 SF of warehouse space in the main building, along with two additional outbuildings providing 400 SF of enclosed storage. The main building is equipped with approximately 75% air conditioning. At the front, the building features a retail-style entrance with glass doors that open into a large office or showroom area. The rear of the property is fully fenced to support additional parking and/or outside storage.
The facility is situated in an industrial area right off Highway 301 near the Sarasota Airport, providing straightforward access for customers and operational needs.
Warehouse clear height is 11 feet, and the building includes 200 amps of power.
The facility is situated in an industrial area right off Highway 301 near the Sarasota Airport, providing straightforward access for customers and operational needs.
Warehouse clear height is 11 feet, and the building includes 200 amps of power.
Key Highlights
- 9,347 SF warehouse space in the main building plus 2 enclosed outbuildings with 400 SF additional storage
- ±75% air conditioned main building with a retail‑style front entrance and glass doors into a large office/showroom
- 11 ft clear height warehouse and 200 amps of power
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
$99,622
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
5.53%
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%
$1,992,440
$2.0M
Cap Rate 7%
$1,423,171
$1.4M
Cap Rate 9%
$1,106,911
$1.1M
Market Conditions
NOI Build-Up for 9,752 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
$121.7K $12.48/SF
− Vacancy
−$4.5K −$0.46/SF
EGI
$117.2K $12.02/SF
− OpEx
−$17.6K −$1.80/SF
NOI
$99.6K $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%
$1,992,440
Cap Rate 7%
$1,423,171
Cap Rate 9%
$1,106,911
Alternative Uses
Best Use
Warehouse
$1.42M
$1.25M – $1.66M
NOI $99,622 @ 7.0% cap · market cap 5.53%
Second Best
Flex RnD
$1.37M
$1.20M – $1.60M
NOI $96,109 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$2.87M
$2.51M – $3.35M
NOI $200,743 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
11 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
Well-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse space includes a glass-door office/showroom and two enclosed outbuildings, with a fully fenced rear for parking or storage.
Where is this flex space 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: 9,347 SF warehouse space in the main building plus 2 enclosed outbuildings with 400 SF additional storage; ±75% air conditioned main building with a retail‑style front entrance and glass doors into a large office/showroom; 11 ft clear height warehouse and 200 amps of power
