Air-Conditioned Industrial Flex
For Sale
Contact for pricing
5654 SARAH AVE, Sarasota, FL 34233
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 Market151
Property Features for 5654 SARAH AVE
General Information
Standard status
Active
Size
7,680 SF
Property subtype
Industrial
Zoning
I
Additional Details
Drive-In Doors
3
Taxes and HOA fees
Annual Taxes
$12,366
Building Details
Building Size
7,680 SF
Year Built
1982
Tenancy
Multi
Listing Agency:
RE/MAX ALLIANCE GROUP
Listed By:
Erick Shumway · License #3252868
(941) 308-3869
Source:
Thefullerproperties
Added: Jun 4
Changed: Oct 31
Last Checked: Oct 30 at 7:19PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$107,540
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,150,800
$2.2M
Cap Rate 7%
$1,536,286
$1.5M
Cap Rate 9%
$1,194,889
$1.2M
Market Conditions
NOI Build-Up for 7,680 SF
Gross rent
$131.8K $17.16/SF
− Vacancy
−$5.3K −$0.69/SF
EGI
$126.5K $16.47/SF
− OpEx
−$19.0K −$2.47/SF
NOI
$107.5K $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%
$2,150,800
Cap Rate 7%
$1,536,286
Cap Rate 9%
$1,194,889
Alternative Uses
Best Use
Warehouse
$1.54M
$1.34M – $1.79M
NOI $107,540 @ 7.0% cap · market cap 6.33%
Second Best
Industrial
$1.27M
$1.11M – $1.48M
NOI $88,562 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M
NOI $152,790 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Current Use
Lease Details
3
Drive-in doors
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,434
Businesses Nearby
Well-served
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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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Alday's BBQ — 3877 Clark Rd, Sarasota, FL 34233
- Paisani Food Truck — 4478 McAshton St, 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 AVE 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
