Flex Space with Office
For Sale
$550,000
6321 Porter Unit 3, Sarasota, FL 34240
The unit combines office space with a dedicated warehouse area.
Property Size1,667 SF
Price / SF$329.93
Days on Market161
Property Features for 6321 Porter Unit 3
General Information
Standard status
Active
Size
1,667 SF
Building Details
Year Built
2014
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
Estelia Mesimer · License #673072
(727) 686-2859
Source:
Livewelltampabay
Added: May 8
Changed: Sep 14
Last Checked: Oct 7 at 4:43PM
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
Investment Insights
Based on property information with market context.
Unit 3 at 6321 Porter Road is a 1,667-square-foot flex space with an office component and warehouse area. The office is equipped with central air conditioning, while the property features slab and block construction.
Built in 2014, the unit is located in Sarasota, Florida, with access to major roads. Its combination of office and warehouse space supports a range of business uses.
Built in 2014, the unit is located in Sarasota, Florida, with access to major roads. Its combination of office and warehouse space supports a range of business uses.
Key Highlights
- 1,667‑square‑foot flex and industrial unit
- Office and warehouse areas within the unit
- Central air conditioning serving the office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,305
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,100
$486.1K
Cap Rate 7%
$347,214
$347.2K
Cap Rate 9%
$270,056
$270.1K
Market Conditions
NOI Build-Up for 1,667 SF
Gross rent
$36.0K $21.60/SF
− Vacancy
−$3.6K −$2.16/SF
EGI
$32.4K $19.44/SF
− OpEx
−$8.1K −$4.86/SF
NOI
$24.3K $14.58/SF
Area
Sarasota County, FL
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,100
Cap Rate 7%
$347,214
Cap Rate 9%
$270,056
Alternative Uses
Best Use
Office B
$347.2K
$303.8K – $405.1K
NOI $24,305 @ 7.0% cap · market cap 4.42%
Second Best
Warehouse
$333.5K
$291.8K – $389.0K
NOI $23,342 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$473.8K
$414.6K – $552.7K
NOI $33,164 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - The unit combines office space with a dedicated warehouse area.
Where is this flex space located?
The property is located at 6321 Porter Unit 3 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: 1,667‑square‑foot flex and industrial unit; Office and warehouse areas within the unit; Central air conditioning serving the office
