Two-Story Flex
For Sale
Contact for pricing
5671 McIntosh Rd, Sarasota, FL 34233
Warehouse functionality on the ground level is paired with adaptable upper-level commercial space.
Property Size5,000 SF
Price / SF$290
Days on Market19
Property Features for 5671 McIntosh Rd
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Industrial
Zoning
ILW
Occupancy
100%
Investment Type
Stabilized
Building Details
Year Built
1978
Buildings
1
Stories
2
Tenancy
Multi
Building Size
5,000 SF
Listing Agency:
American Property Group of Sarasota Inc
Listed By:
Sarah Toedman · License #SL3454713
Source:
Crexi
Added: Aug 11
Changed: Aug 21
Last Checked: Aug 28 at 7:10PM
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.
Built in 1978, this two-story flex property contains 5,000 SF of commercial space. The ground floor is configured for warehouse use and includes overhead doors, while the upper level offers adaptable area for offices, showroom functions, or additional workspace. The entire building is currently leased, providing an established occupancy profile for an owner-user or investor evaluating a commercial asset.
The property is located at 5671 McIntosh Rd in Sarasota, with access to the surrounding business districts and major commercial corridors. Zoning is ILW, supporting its industrial and flex-space classification.
The property is located at 5671 McIntosh Rd in Sarasota, with access to the surrounding business districts and major commercial corridors. Zoning is ILW, supporting its industrial and flex-space classification.
Key Highlights
- 5,000 SF two‑story flex property
- Ground‑floor warehouse space with overhead doors
- Upper level offers office, showroom, or additional workspace use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,078
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,021,560
$1.0M
Cap Rate 7%
$729,686
$729.7K
Cap Rate 9%
$567,533
$567.5K
Market Conditions
NOI Build-Up for 5,000 SF
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.
Gross rent
$62.4K $12.48/SF
− Vacancy
−$2.3K −$0.46/SF
EGI
$60.1K $12.02/SF
− OpEx
−$9.0K −$1.80/SF
NOI
$51.1K $10.22/SF
Area
Manatee County, FL
Vacancy
3.70%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,021,560
Cap Rate 7%
$729,686
Cap Rate 9%
$567,533
Alternative Uses
Best Use
Warehouse
$729.7K
$638.5K – $851.3K
NOI $51,078 @ 7.0% cap · market cap 3.52%
Second Best
Flex RnD
$704.0K
$616.0K – $821.3K
NOI $49,277 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $102,924 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse functionality on the ground level is paired with adaptable upper-level commercial space.
Where is this flex space located?
The property is located at 5671 McIntosh Rd Sarasota, FL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 5,000 SF two‑story flex property; Ground‑floor warehouse space with overhead doors; Upper level offers office, showroom, or additional workspace use
