Flex Property with
For Sale
$1,500,000
520 Colonia Ln E, Nokomis, FL 34275
Office, warehouse, showroom, and gated yard areas support varied industrial and service operations.
Property Size5,000 SF
Lot Size0.63 Acres
Price / SF$300
Days on Market176
Property Features for 520 Colonia Ln E
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.63 Acres
Property subtype
Other Industrial
Zoning
CI
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
reception area
conference room
broadcast studio
Building Details
Building Size
5,000 SF
Year Built
1973
Buildings
1
Listing Agency:
American Property Group of Sarasota, Inc.
Listed By:
Adam Doak · License #3271713
(941) 923-0535
Source:
Thebrokerlist
Added: Apr 21
Changed: Oct 9
Last Checked: Oct 12 at 4:37PM
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 5,000 SF flex property combines customer-facing and operational areas within a 1973-built industrial building. The interior includes a reception area, conference room, showroom, multiple offices, warehouse space, broadcast studio, and two restrooms. A fenced yard with gated entry and exit provides controlled circulation and outdoor working or storage area.
The property occupies a 27,586 SF corner lot at 520 Colonia Ln E in Nokomis, Florida, between S Tamiami Trl and Albee Farms Rd S. CI zoning supports the property’s commercial-industrial configuration, with office, showroom, warehouse, and exterior yard components arranged for businesses requiring both a professional front end and functional back-of-house space.
The property occupies a 27,586 SF corner lot at 520 Colonia Ln E in Nokomis, Florida, between S Tamiami Trl and Albee Farms Rd S. CI zoning supports the property’s commercial-industrial configuration, with office, showroom, warehouse, and exterior yard components arranged for businesses requiring both a professional front end and functional back-of-house space.
Key Highlights
- 5,000 SF industrial building on a 27,586 SF corner lot
- Fenced pull‑through yard with gated ingress and egress
- Large showroom alongside reception and conference areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,120
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,562,400
$1.6M
Cap Rate 7%
$1,116,000
$1.1M
Cap Rate 9%
$868,000
$868.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$120.0K $24.00/SF
− Vacancy
−$8.4K −$1.68/SF
EGI
$111.6K $22.32/SF
− OpEx
−$33.5K −$6.70/SF
NOI
$78.1K $15.62/SF
Area
Sarasota County, FL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,562,400
Cap Rate 7%
$1,116,000
Cap Rate 9%
$868,000
Alternative Uses
Best Use
Retail
$1.12M
$976.5K – $1.30M
NOI $78,120 @ 7.0% cap · market cap 5.21%
Second Best
Office B
$1.04M
$911.3K – $1.22M
NOI $72,900 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,473 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34275, FL
20,570
Population
13,139
Households
1.6
Avg Household Size
63
Median Age
43%
College-Educated
97%
High-School Grad
25.7 sq mi
ZIP Area
800
Density / Sq Mi
$84,503
Median Household Income
$48,094
Median Earnings
$1,459
Median Rent
$435,600
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 - Office, warehouse, showroom, and gated yard areas support varied industrial and service operations.
Where is this flex space located?
The property is located at 520 Colonia Ln E Nokomis, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 5,000 SF industrial building on a 27,586 SF corner lot; Fenced pull‑through yard with gated ingress and egress; Large showroom alongside reception and conference areas
