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    Industrial Light Warehouse with Paint Booths Title is generated by Realmo AI

    2209 Industrial Boulevard, Sarasota, FL 34234

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    For Lease
    $5,790,000 SF/Yr $20,113,012,500/Mo (calc)

    Permitted industrial light warehouse with truck wells, drive-through doors, and large paint/finish booths.

    Type:Industrial
    Property size:
    41,685 SF
    Lot size:
    2.77 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 4 at 1:52 am

    Property Features for 2209 Industrial Boulevard

    General Information

    Standard status
    Active
    Size
    41,685 SF
    Lot size
    2.77 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1984

    We can help!

    Listing Contact
    Marcia Cuttler
    Marcia Cuttler

    Listing agent Marcia Cuttler License #FL #SL3011453

    Listing office American Property Group

    Listing date Jun 2, 2026

    Source Americanpropertygroup

    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 American Property Group

    HighLights

    • 41,685 SF industrial light warehouse on 2.77 acres with partially fenced grounds
    • 1984‑built concrete block facility with 25 ft building height and 22 ft clearance
    • Truck wells plus drive‑through overhead doors for logistics flow
    • Three large paint/finish booths for industrial manufacturing and finishing uses
    • 6000 SF air‑conditioned area with a loft office
    • Permitted ILW uses include manufacturing and schools; includes 3 offices and a reception room

    Overview

    This industrial light warehouse includes durable concrete block construction with 25-foot height and 22-foot clearance. The facility is configured for logistics and production, featuring 440/3 phase power, truck wells, and drive-through overhead doors. Three large paint/finish booths support industrial processes requiring finishing, coating, or related work.

    The property is located at 2209 Industrial Boulevard in Sarasota, FL, on 2.77 acres, with the grounds described as partially fenced. For personnel and coordination, the building includes three offices and a reception room. An additional 6,000 SF air-conditioned area with a loft office is also included.

    Designed to accommodate industrial operations, the ILW (Industrial Light Warehouse) permitting is noted as allowing a variety of industrial and warehouse uses, including manufacturing and schools. The layout and built-in finishing equipment make the space especially workable for tenants producing high-end yacht interiors and cabinetry, or for other industrial users that need truck-access logistics, high-clearance space, and dedicated paint/finish capacity. The combination of drive-through doors, truck wells, and on-site office space supports day-to-day production and operations from a single site.
    Location Intelligence

    Current Use by Public Records

    Bluewater Yachting Solutions, ... Industrial Manufacturer

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.5245413
    Latitude
    27.3774056

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    FAQs

    What type of property is this?
    Manufacturing property - Permitted industrial light warehouse with truck wells, drive-through doors, and large paint/finish booths.
    Where is this manufacturing property located?
    The property is located at 2209 Industrial Boulevard Sarasota, FL.
    What is the lease rate?
    The lease rate is $5,790,000.
    What are key features of this property?
    This property features: 41,685 SF industrial light warehouse on 2.77 acres with partially fenced grounds; 1984‑built concrete block facility with 25 ft building height and 22 ft clearance; Truck wells plus drive‑through overhead doors for logistics flow
    (941) 544-1020
    We can help!
    Listing Contact
    Marcia Cuttler
    Marcia Cuttler
    Real Estate License ID: FL #SL3011453
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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