Building Details

Year Built 2005

Listing Agency: COLDWELL BANKER REALTY

Listed By: Estelia Mesimer · License #673072 Show Phone

Source: Chenoregroup

Added: Apr 15 Changed: Oct 11 Last Checked: Oct 15 at 2:10AM

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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 COLDWELL BANKER REALTY

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Investment Insights

Based on property information with market context.

This Class B light industrial flex condo at 6321 Porter Road, Unit 2, combines a front office and reception area with a kitchen or conference room and a rear warehouse. The warehouse includes 22-foot clear ceilings and a 16-foot roll-up door, while a mezzanine adds office and storage capacity. An attached 1-bedroom studio supports a live-work configuration within the property. The 1,935-square-foot unit was built in 2005 and includes central air with zoned service for the office area. Its layout accommodates office functions, equipment storage, distribution, and vehicle access within one connected space.

Key Highlights

• 1,935‑square‑foot Class B light industrial flex condo
• Rear warehouse with 22‑foot clear ceilings
• 16‑foot roll‑up door provides vehicle access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,467

Cap Rate

6.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$689,340 $689.3K

Cap Rate 7%

$492,386 $492.4K

Cap Rate 9%

$382,967 $383.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,935 SF

Gross rent

$58.1K $30.00/SF

− Vacancy

−$2.9K −$1.50/SF

EGI

$55.1K $28.50/SF

− OpEx

−$20.7K −$10.69/SF

NOI

$34.5K $17.81/SF

Area

Sarasota County, FL

Vacancy

5.00%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$689,340

Cap Rate 7%

$492,386

Cap Rate 9%

$382,967

Alternative Uses

Best Use

Mixed Use

$492.4K

$430.8K – $574.5K (±1% cap)

NOI $34,467 @ 7.0% cap · market cap 6.27%

Second Best

Office B

$403.0K

$352.7K – $470.2K (±1% cap)

NOI $28,212 @ 7.0% cap · market cap 5.13%

Theoretical Best

Office A

$549.9K

$481.2K – $641.6K (±1% cap)

NOI $38,496 @ 7.0% cap · market cap 7.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Raber Roofing DBA ... Roofing Company Integrated Home Electronics & Wireless Store Al Harris Pest ... Garden Center Select Seats Industrial Manufacturer Boro Building & Property ... Painting

Suggested Use

Top Pick Dental Office Hair Salon Restaurant Spa & Massage Center Law Firm Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

22 ft

Clear height

1

Drive-in doors

1

Office units

Location Intelligence

Trade Area within ½ mile

867

Businesses Nearby

Under-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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Class B light industrial space combines office, warehouse, mezzanine, and attached studio areas.

Where is this flex space located?

The property is located at 6321 Porter Unit 2 Sarasota, FL.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: 1,935‑square‑foot Class B light industrial flex condo; Rear warehouse with 22‑foot clear ceilings; 16‑foot roll‑up door provides vehicle access