Manufacturing Property With Fenced
For Sale
Contact for pricing
6805 33rd Street East, Sarasota, FL 34243
Renovated industrial facility with divided occupancy, upgraded infrastructure, and 3-phase / 480V power.
Property Size21,000 SF
Lot Size1.20 Acres
Price / SF$183.98
Days on Market47
Property Features for 6805 33rd Street East
General Information
Standard status
Active
Size
21,000 SF
Lot size
1.20 Acres
Property subtype
Industrial
Zoning
LM
Additional Details
Fenced Yard
Yes
Building Details
Year Renovated
2025
Buildings
1
Tenancy
Multi
Building Size
21,000 SF
Listing Agency:
American Property Group of Sarasota Inc
Listed By:
Tyler Sluman · License #FL SL3487138
Source:
Crexi
Added: Jul 15
Changed: Aug 30
Last Checked: Aug 30 at 9:44AM
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.
Located at 6805 33rd Street East in Sarasota, Florida, this renovated industrial property is configured as two units on approximately 1.2 acres. An approximately 8,500 SF unit is leased to a woodworking company, while approximately 12,500 SF remains available for immediate occupancy. The available space includes four overhead doors, including one oversized 14' x 14' door, 3-phase / 480V power, and most of the fenced yard. The layout supports manufacturing, warehousing, distribution, contractor operations, and other industrial uses identified for the property.
Capital improvements include a new roof and seven new motorized overhead doors. The property is zoned LM and combines existing occupancy with a substantial available industrial component.
Capital improvements include a new roof and seven new motorized overhead doors. The property is zoned LM and combines existing occupancy with a substantial available industrial component.
Key Highlights
- Approximately 1.2‑acre industrial property at 6805 33rd Street East, Sarasota, FL 34243
- Approximately 12,500 SF available for immediate occupancy
- Approximately 8,500 SF leased to a woodworking company
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
$213,770
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
5.55%
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%
$4,275,400
$4.3M
Cap Rate 7%
$3,053,857
$3.1M
Cap Rate 9%
$2,375,222
$2.4M
Market Conditions
NOI Build-Up for 20,926 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
$261.2K $12.48/SF
− Vacancy
−$9.7K −$0.46/SF
EGI
$251.5K $12.02/SF
− OpEx
−$37.7K −$1.80/SF
NOI
$213.8K $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%
$4,275,400
Cap Rate 7%
$3,053,857
Cap Rate 9%
$2,375,222
Alternative Uses
Best Use
Warehouse
$3.05M
$2.67M – $3.56M
NOI $213,770 @ 7.0% cap · market cap 5.55%
Second Best
Industrial
$2.51M
$2.20M – $2.93M
NOI $176,046 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$6.15M
$5.38M – $7.18M
NOI $430,758 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Explore this area
Business Placement
Demographics for 34243, FL
30,107
Population
16,287
Households
1.8
Avg Household Size
54
Median Age
43%
College-Educated
95%
High-School Grad
18.0 sq mi
ZIP Area
1,673
Density / Sq Mi
$79,799
Median Household Income
$42,586
Median Earnings
$1,960
Median Rent
$395,000
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?
Manufacturing property - Renovated industrial facility with divided occupancy, upgraded infrastructure, and 3-phase / 480V power.
Where is this manufacturing property located?
The property is located at 6805 33rd Street East Sarasota, FL.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Approximately 1.2‑acre industrial property at 6805 33rd Street East, Sarasota, FL 34243; Approximately 12,500 SF available for immediate occupancy; Approximately 8,500 SF leased to a woodworking company
