Conditioned Industrial
New
For Sale
$549,000
356 CENTER Court, Venice, FL 34285
Commercial Sale, VENICE, FL
Property Size3,096 SF
Lot Size1.71 Acres
Price / SF$177.33
Days on Market5
Property Features for 356 CENTER Court
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
ILW
Pets allowed
Yes
Subdivision
WIMBLEDON INDUST
Lot features
Industrial Condo
Directions
HEAD SOUTH ON BYPASS US.41 TURN RIGHT ON CENTER ROAD, THEN RIGHT ON CENTER COURT. ALMOST TO END ON CUL DE SAC ON RIGHT.
Standard status
Active
APN
0428111007
Size
3,096 SF
Lot size
1.71 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT 7 WIMBLEDON INDUSTRIAL
Tax Annual Amount
3310
Legal Description
UNIT 7 WIMBLEDON INDUSTRIAL
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Flooring type
Vinyl, Concrete
Building materials
Block, Stucco
Listing Agency:
COLDWELL BANKER REALTY
(941) 388-3966
Listed By:
Michael Laconca, PA · License #3526123
(941) 800-2940
Added: Sep 18
Changed: Sep 22
Last Checked: Sep 22 at 10:06AM
MLS# A4706788
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,096-square-foot industrial condominium combines approximately 2,500 square feet of warehouse area with approximately 600 square feet of finished office space. The warehouse includes ceiling heights ranging from approximately 14 to 16 feet, two 12-foot-high by 10-foot-wide roll-up doors, and two remodeled restrooms. The entire space is conditioned by central HVAC, with the system approximately 1.5 years old. Office improvements include two private offices and a storage closet, while recent updates include new flooring, fresh paint, and remodeled restrooms. The roof is approximately 9 years old.
The unit is located at 356 Center Court in Venice within Wimbledon Industrial, just off US 41. Dedicated parking is provided within the condominium property, and the exterior area supports trailer maneuvering, deliveries, and unloading. Public water and sewer are available, along with electricity. The property was built in 1984 and is zoned ILW. The unit is vacant and available for immediate showings, with future use subject to applicable zoning requirements and association approval.
The unit is located at 356 Center Court in Venice within Wimbledon Industrial, just off US 41. Dedicated parking is provided within the condominium property, and the exterior area supports trailer maneuvering, deliveries, and unloading. Public water and sewer are available, along with electricity. The property was built in 1984 and is zoned ILW. The unit is vacant and available for immediate showings, with future use subject to applicable zoning requirements and association approval.
Key Highlights
- 3,096 SF industrial condominium with approximately 2,500 SF of warehouse and 600 SF of office space
- Entire warehouse and office area is under air with central HVAC approximately 1.5 years old
- Two 12‑foot‑high by 10‑foot‑wide roll‑up doors with exterior maneuvering area
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
$45,140
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
8.22%
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%
$902,800
$902.8K
Cap Rate 7%
$644,857
$644.9K
Cap Rate 9%
$501,556
$501.6K
Market Conditions
NOI Build-Up for 3,096 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
$66.9K $21.60/SF
− Vacancy
−$6.7K −$2.16/SF
EGI
$60.2K $19.44/SF
− OpEx
−$15.0K −$4.86/SF
NOI
$45.1K $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 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%
$902,800
Cap Rate 7%
$644,857
Cap Rate 9%
$501,556
Alternative Uses
Best Use
Office B
$644.9K
$564.3K – $752.3K
NOI $45,140 @ 7.0% cap · market cap 8.22%
Second Best
Warehouse
$619.3K
$541.9K – $722.5K
NOI $43,352 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$879.9K
$769.9K – $1.03M
NOI $61,594 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
2
Drive-in doors
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,015
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34285, FL
18,971
Population
16,081
Households
1.2
Avg Household Size
70
Median Age
40%
College-Educated
95%
High-School Grad
8.3 sq mi
ZIP Area
2,286
Density / Sq Mi
$67,712
Median Household Income
$37,959
Median Earnings
$1,485
Median Rent
$295,400
Median Home Value
Check the figures for this property
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?
Warehouse - Industrial condominium with open warehouse space, elevated office area, roll-up access, and dedicated parking.
Where is this warehouse located?
The property is located at 356 CENTER Court Venice, FL.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 3,096 SF industrial condominium with approximately 2,500 SF of warehouse and 600 SF of office space; Entire warehouse and office area is under air with central HVAC approximately 1.5 years old; Two 12‑foot‑high by 10‑foot‑wide roll‑up doors with exterior maneuvering area
