Air-Conditioned Industrial Flex
5654 SARAH AVENUE Sarasota, FL 34233
For Sale
$1,700,000
Air-conditioned industrial flex building with offices, conference space, and multiple overhead doors on well and septic.
Property Size7,680 SF
Price / SF$221.35
Days on Market50
Property Features for 5654 SARAH AVENUE
General Information
Standard status
Active
Size
7,680 SF
Property subtype
Commercial
Building Details
Year Built
1982
Listing Agency:
RE/MAX ALLIANCE GROUP
(941) 954-5454
Listed By:
ERICK SHUMWAY · License #3006948
Source:
Corcoran
Added: Jun 10
Changed: Jul 10
Last Checked: Jul 28 at 10:15AM
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 RE/MAX ALLIANCE GROUP
Investment Insights
Based on property information with market context.
This air-conditioned industrial flex building totals 7,680 SF and is configured with many offices, including a dedicated conference room. The property is served by well and septic, with the septic located at the rear of the building. There are three overhead doors in the main building area, plus an extra small overhead door on the south side of the building that is described as boxed in.
The property is located north of Clark Rd on Sarah Ave. Parking is on the north side of the building. The building currently has two tenants operating on month-to-month leases.
For buyers or owner-users, the combination of industrial door access and substantial office/conference space supports a range of back-office, light industrial, and mixed-use tenancy needs. The existing tenant setup may also provide continuity, as the owner indicates tenants may be willing to stay with a new lease. The owner would consider possible owner financing.
The property is located north of Clark Rd on Sarah Ave. Parking is on the north side of the building. The building currently has two tenants operating on month-to-month leases.
For buyers or owner-users, the combination of industrial door access and substantial office/conference space supports a range of back-office, light industrial, and mixed-use tenancy needs. The existing tenant setup may also provide continuity, as the owner indicates tenants may be willing to stay with a new lease. The owner would consider possible owner financing.
Key Highlights
- 7680 SF industrial building built in 1982, zoned I
- Air‑conditioned building with many offices and a nice conference room
- Two tenants on month‑to‑month leases: 2000 SF tenant and 5600 SF +/- tenant
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.8k | $12.48 |
| − Vacancy | −$3.5k | −$0.46 |
| EGI | $92.3k | $12.02 |
| − OpEx | −$13.8k | −$1.80 |
| NOI | $78.5k | $10.22 |
7,680 SF · lease $12.48/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.12M
$980.7K – $1.31M
NOI $78,455 @ 7.0% cap · market cap 4.61%
Second Best
Flex RnD
$1.08M
$946.1K – $1.26M
NOI $75,689 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$2.26M
$1.98M – $2.63M
NOI $158,091 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Paisani Food Truck — 4478 McAshton St, Sarasota, FL 34233
- Alday's BBQ — 3877 Clark Rd, Sarasota, FL 34233
Frequently Asked Questions
What type of property is this?
Flex space - Air-conditioned industrial flex building with offices, conference space, and multiple overhead doors on well and septic.
Where is this flex space located?
The property is located at 5654 SARAH AVENUE Sarasota, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 7680 SF industrial building built in 1982, zoned I; Air‑conditioned building with many offices and a nice conference room; Two tenants on month‑to‑month leases: 2000 SF tenant and 5600 SF +/- tenant
