Air-Conditioned Flex
For Sale
Contact for pricing
4532 McAshton St, Sarasota, FL 34233
Front showroom space connects to a warehouse with mezzanine storage, overhead access, and two restrooms.
Property Size2,028 SF
Price / SF$349.61
Days on Market16
Property Features for 4532 McAshton St
General Information
Standard status
Active
Size
2,028 SF
Property subtype
Industrial, Office, Retail
Zoning
ILW
Occupancy
100%
Warehouse & Industrial
Clear Height
28 ft
Conditioned Warehouse
Yes
Building Details
Year Built
2007
Buildings
1
Listing Agency:
American Property Group of Sarasota Inc
(941) 923-0535
Listed By:
Adam Seidel · License #FL SL3213728
Source:
Crexi
Added: Jul 29
Changed: Aug 8
Last Checked: Aug 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 American Property Group of Sarasota Inc
Investment Insights
Based on property information with market context.
This 2,028 SF flex condominium combines customer-oriented space with a dedicated warehouse area. The front section includes an open showroom or office area, a private office, storage, and a restroom. At the rear, the air-conditioned warehouse provides an overhead door, mezzanine storage, and a second restroom. Ceiling height ranges from approximately 22 feet at the low point to 28 feet at the peak.
Built in 2007 and zoned ILW, the property is positioned along the commercial corridor between McIntosh Road and Ashton Road in Sarasota. It is currently owner-occupied and is scheduled for delivery vacant at closing. The configuration supports a range of business operations requiring both customer-facing space and warehouse functionality.
Built in 2007 and zoned ILW, the property is positioned along the commercial corridor between McIntosh Road and Ashton Road in Sarasota. It is currently owner-occupied and is scheduled for delivery vacant at closing. The configuration supports a range of business operations requiring both customer-facing space and warehouse functionality.
Key Highlights
- 2,028 SF flex office warehouse condo
- Air‑conditioned rear warehouse with overhead door
- Ceiling heights range from approximately 22 feet to 28 feet
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
$33,116
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
4.67%
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%
$662,320
$662.3K
Cap Rate 7%
$473,086
$473.1K
Cap Rate 9%
$367,956
$368.0K
Market Conditions
NOI Build-Up for 2,028 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
$46.7K $23.04/SF
− Vacancy
−$2.6K −$1.27/SF
EGI
$44.2K $21.77/SF
− OpEx
−$11.0K −$5.44/SF
NOI
$33.1K $16.33/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.04 /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%
$662,320
Cap Rate 7%
$473,086
Cap Rate 9%
$367,956
Alternative Uses
Best Use
Office B
$473.1K
$414.0K – $551.9K
NOI $33,116 @ 7.0% cap · market cap 4.67%
Second Best
Retail
$356.3K
$311.8K – $415.7K
NOI $24,940 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$596.4K
$521.8K – $695.8K
NOI $41,746 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
28 ft
Clear height
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
816
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34233, FL
18,723
Population
9,427
Households
2
Avg Household Size
52
Median Age
41%
College-Educated
95%
High-School Grad
6.1 sq mi
ZIP Area
3,069
Density / Sq Mi
$77,041
Median Household Income
$44,222
Median Earnings
$1,787
Median Rent
$364,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Front showroom space connects to a warehouse with mezzanine storage, overhead access, and two restrooms.
Where is this flex space located?
The property is located at 4532 McAshton St Sarasota, FL.
What is the asking price?
The asking price for this property is $709,000.
What are key features of this property?
This property features: 2,028 SF flex office warehouse condo; Air‑conditioned rear warehouse with overhead door; Ceiling heights range from approximately 22 feet to 28 feet
