Sarasota Flex Warehouse For
For Sale
$1,750,000
5612 LAWTON DRIVE, Sarasota, FL 34233
Turnkey flex warehouse in Sarasota's Wipke Industrial Park.
Property Size5,092 SF
Lot Size0.50 Acres
Price / SF$343.68
Days on Market342
Property Features for 5612 LAWTON DRIVE
General Information
Standard status
Active
Size
5,092 SF
Lot size
0.50 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,645
Amenities
Central air
Pool
Public Pool
Central Air Cooling
Mini-Split Unit(s) Cooling
Wall/Window Unit(s) Cooling
Building Details
Year Built
1985
Listing Agency:
DOUGLAS ELLIMAN
(941) 867-6199
Listed By:
REX GLASSON · License #BK3067512
(941) 587-6135
Source:
Corcoran
Added: Nov 5, 2025
Changed: Oct 6
Last Checked: Oct 12 at 8:17PM
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 DOUGLAS ELLIMAN
Investment Insights
Based on property information with market context.
Located in Sarasota’s Wipke Industrial Park, this turnkey flex warehouse is suitable for owner-users, contractors, light manufacturing, storage, distribution, showroom users, creative businesses, or investors. The property offers approximately 5,092 square feet on nearly half an acre. Recent improvements include a new roof and insulation, two new exterior walls, an updated showroom and office build-out, three insulated 15-foot electric roll-up doors, full climate control, LED lighting upgrades, and modern designer finishes. The warehouse features approximately 17-foot clear ceiling heights, open-span flexibility, and multiple bay configurations. The showroom and loft-style office areas are suited for customer-facing operations, executive office use, or creative workspace. The property includes four restrooms, including one customer restroom and three warehouse/work-area restrooms. Positioned minutes from I-75, Downtown Sarasota, the Sarasota-Bradenton market, and Siesta Key, the location provides convenient regional access while remaining close to Sarasota’s expanding residential and commercial growth corridors. The property has ILW zoning.
Key Highlights
- Turnkey ILW‑zoned flex warehouse in a prime Sarasota location, suitable for owner‑users or investors.
- Extensive recent improvements including a new roof, insulation, exterior walls, showroom/office build‑out, and LED lighting.
- Full climate control throughout the building and three insulated 15’ electric roll‑up doors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,718
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,174,360
$1.2M
Cap Rate 7%
$838,829
$838.8K
Cap Rate 9%
$652,422
$652.4K
Market Conditions
NOI Build-Up for 5,092 SF
Gross rent
$87.4K $17.16/SF
− Vacancy
−$3.5K −$0.69/SF
EGI
$83.9K $16.47/SF
− OpEx
−$25.2K −$4.94/SF
NOI
$58.7K $11.53/SF
Area
Sarasota County, FL
Vacancy
4.00%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,174,360
Cap Rate 7%
$838,829
Cap Rate 9%
$652,422
Alternative Uses
Best Use
Industrial
$838.8K
$734.0K – $978.6K
NOI $58,718 @ 7.0% cap · market cap 3.36%
Second Best
Flex RnD
$544.7K
$476.6K – $635.5K
NOI $38,129 @ 7.0% cap · market cap 2.18%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,303 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,348
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Alday's BBQ — 3877 Clark Rd, Sarasota, FL 34233
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Frequently Asked Questions
What type of property is this?
Flex space - Turnkey flex warehouse in Sarasota's Wipke Industrial Park.
Where is this flex space located?
The property is located at 5612 LAWTON DRIVE Sarasota, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Turnkey ILW‑zoned flex warehouse in a prime Sarasota location, suitable for owner‑users or investors.; Extensive recent improvements including a **new roof, insulation, exterior walls, showroom/office build‑out, and LED lighting.**; Full climate control throughout the building and three insulated 15’ electric roll‑up doors.
