End-Unit Flex
For Sale
$1,650,000
2555 Porter Lake Drive, Sarasota, FL 34240
End-unit commercial suite with private offices, conditioned storage, and PID - Planned Industrial Development zoning.
Property Size6,000 SF
Price / SF$275
Days on Market61
Property Features for 2555 Porter Lake Drive
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Commercial
Building Details
Year Built
2003
Listing Agency:
MSC Commercial
Listed By:
Melinda Garrett
(941) 899-4842
Source:
Msccommercial
Added: Aug 14
Changed: Oct 13
Last Checked: Oct 12 at 7:59PM
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 MSC Commercial
Investment Insights
Based on property information with market context.
This 1,000 SF flex condominium at 2555 Porter Lake Dr. #101, Sarasota, is configured as an end unit with a reception and waiting area, two private offices, and a private restroom. The suite also includes an air-conditioned storage room with a kitchenette, accessed through a 6' double-door entry. Built in 2003, the unit does not include an overhead door.
The layout supports office-oriented use as well, with a reception area, two private offices, and a large open workroom with kitchenette. The property is zoned PID - Planned Industrial Development, providing a defined industrial-development setting for the flex space.
The layout supports office-oriented use as well, with a reception area, two private offices, and a large open workroom with kitchenette. The property is zoned PID - Planned Industrial Development, providing a defined industrial-development setting for the flex space.
Key Highlights
- 1,000 SF end‑unit flex condominium
- Reception and waiting area with 2 private offices
- Private restroom included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,480
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,749,600
$1.7M
Cap Rate 7%
$1,249,714
$1.2M
Cap Rate 9%
$972,000
$972.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$129.6K $21.60/SF
− Vacancy
−$13.0K −$2.16/SF
EGI
$116.6K $19.44/SF
− OpEx
−$29.2K −$4.86/SF
NOI
$87.5K $14.58/SF
Area
Sarasota County, FL
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,749,600
Cap Rate 7%
$1,249,714
Cap Rate 9%
$972,000
Alternative Uses
Best Use
Office B
$1.25M
$1.09M – $1.46M
NOI $87,480 @ 7.0% cap · market cap 5.30%
Second Best
Industrial
$988.4K
$864.9K – $1.15M
NOI $69,189 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,367 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,121
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34240, FL
14,428
Population
7,570
Households
1.9
Avg Household Size
49
Median Age
52%
College-Educated
98%
High-School Grad
66.5 sq mi
ZIP Area
217
Density / Sq Mi
$126,048
Median Household Income
$53,284
Median Earnings
$2,306
Median Rent
$622,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - End-unit commercial suite with private offices, conditioned storage, and PID - Planned Industrial Development zoning.
Where is this flex space located?
The property is located at 2555 Porter Lake Drive Sarasota, FL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 1,000 SF end‑unit flex condominium; Reception and waiting area with 2 private offices; Private restroom included
