Climate-Controlled Flex
For Sale
$449,900
Pending
5421 COMMUNICATIONS Parkway, Lakewood Ranch, FL 34240
Commercial Sale, LAKEWOOD RANCH, FL
Property Size1,262 SF
Lot Size5.40 Acres
Days on Market103
Property Features for 5421 COMMUNICATIONS Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
PCD
Subdivision
LUXE DREAM GARAGE CONDO
Directions
Exit I-75 at University Parkway (Exit 213) and travel east. Turn right onto Lakewood Ranch Boulevard. Turn left onto Communications Parkway. The property will be on the right.
Standard status
Pending
APN
0188141040
Size
1,262 SF
Lot size
5.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT 40, LUXE DREAM GARAGE, PB 50 PG 8-14
Tax Annual Amount
4049
Legal Description
UNIT 40, LUXE DREAM GARAGE, PB 50 PG 8-14
Amenities
24/7 surveillance and controlled access
Building Details
Year built
2024
Floors in Building
1
Building materials
Concrete
Listing Agency:
WAGNER REALTY
(941) 727-2800
Listed By:
Ryan Hoffman · License #3051574
(941) 773-9184
Added: Jul 3
Changed: Oct 8
Last Checked: Oct 13 at 5:06PM
MLS# A4699190
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.
Unit 40 is a 1,262-square-foot flex space within a concrete commercial property. The unit is hurricane rated and climate controlled, with a 22-foot clear height, a 14-foot overhead door, high-efficiency LED lighting, and a 150-amp power supply. The property was completed in 2024 and carries PCD zoning.
Security and access features include 24/7 surveillance and controlled entry. The property occupies 5.4 acres at 5421 Communications Parkway in Lakewood Ranch, Sarasota County, Florida. Its configuration and building systems support specialized commercial storage or operational use where vehicle access, controlled conditions, and dedicated power are important.
Security and access features include 24/7 surveillance and controlled entry. The property occupies 5.4 acres at 5421 Communications Parkway in Lakewood Ranch, Sarasota County, Florida. Its configuration and building systems support specialized commercial storage or operational use where vehicle access, controlled conditions, and dedicated power are important.
Key Highlights
- 1,262‑square‑foot Unit 40
- 22 ft clear height
- 14 ft overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,671
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,420
$353.4K
Cap Rate 7%
$252,443
$252.4K
Cap Rate 9%
$196,344
$196.3K
Market Conditions
NOI Build-Up for 1,262 SF
Gross rent
$21.7K $17.16/SF
− Vacancy
−$866 −$0.69/SF
EGI
$20.8K $16.47/SF
− OpEx
−$3.1K −$2.47/SF
NOI
$17.7K $14.00/SF
Area
Sarasota County, FL
Vacancy
4.00%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,420
Cap Rate 7%
$252,443
Cap Rate 9%
$196,344
Alternative Uses
Best Use
Warehouse
$252.4K
$220.9K – $294.5K
NOI $17,671 @ 7.0% cap · market cap 3.93%
Second Best
Industrial
$207.9K
$181.9K – $242.6K
NOI $14,553 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$358.7K
$313.8K – $418.5K
NOI $25,107 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
22 ft
Clear height
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Concrete commercial unit with controlled access, surveillance, and specialized vehicle-storage features.
Where is this flex space located?
The property is located at 5421 COMMUNICATIONS Parkway Lakewood Ranch, FL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 1,262‑square‑foot Unit 40; 22 ft clear height; 14 ft overhead door
