Climate-Controlled Flex Industrial
7107 24th Court East, Sarasota, FL 34243
For Sale
Contact for pricing
Warehouse and office space are paired with a fenced storage yard and covered storage area.
Property Size15,490 SF
Price / SF$264.69
Days on Market10
Property Features for 7107 24th Court East
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Office Build-Out
Three-Phase Power
Sprinkler System
Conditioned Warehouse
Additional Details
Currently Operating
Property Use
Building Details
Buildings
Building Size
Construction
Listing Agency:
MSC Commercial
Listed By:
Roberta Kolton Cera · License FL SL3045053
Source:
Crexi
Added: Nov 3
Changed: Nov 10
Last Checked: Nov 12 at 8:36AM
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 MSC Commercial
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Investment Insights
Based on property information with market context.
This 15,490-square-foot flex industrial property combines warehouse space with a 1,000-square-foot office containing reception and waiting areas, two private offices, a kitchenette, and two ADA-compliant restrooms. The warehouse has climate control, humidity management, insulated overhead doors, a fire suppression system, and three-phase power. Building features include a 6-inch concrete slab, 16-foot eaves, and a 20-foot-6-inch peak. HM zoning supports heavy manufacturing uses.
A gated, fenced storage yard measures 70 feet by 195 feet, with an additional 4,455 square feet of covered storage beneath an overhang. The property is in southern Manatee County, south of Whitfield Avenue, and backs up to US 301. Exterior and interior security cameras and lighted signage are also in place.
A gated, fenced storage yard measures 70 feet by 195 feet, with an additional 4,455 square feet of covered storage beneath an overhang. The property is in southern Manatee County, south of Whitfield Avenue, and backs up to US 301. Exterior and interior security cameras and lighted signage are also in place.
Key Highlights
- 15,490‑square‑foot flex industrial building with warehouse and office space
- HM zoning for heavy manufacturing
- Climate‑controlled warehouse with humidity management and fire suppression
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,693
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,213,860
$3.2M
Cap Rate 7%
$2,295,614
$2.3M
Cap Rate 9%
$1,785,478
$1.8M
Market Conditions
NOI Build-Up for 15,490 SF
Gross rent
$241.6K $15.60/SF
− Vacancy
−$12.1K −$0.78/SF
EGI
$229.6K $14.82/SF
− OpEx
−$68.9K −$4.45/SF
NOI
$160.7K $10.37/SF
Area
Manatee County, FL
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,213,860
Cap Rate 7%
$2,295,614
Cap Rate 9%
$1,785,478
Alternative Uses
Best Use
Self Storage
$2.30M
$2.01M – $2.68M
NOI $160,693 @ 7.0% cap · market cap 3.92%
Second Best
Warehouse
$2.26M
$1.98M – $2.64M
NOI $158,238 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$4.56M
$3.99M – $5.31M
NOI $318,859 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
607
Businesses Nearby
Well-served
Demand for This Use
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
$395,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Sarasota, FL
Properties on Market for Flex space in Sarasota
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and office space are paired with a fenced storage yard and covered storage area.
Where is this flex space located?
The property is located at 7107 24th Court East Sarasota, FL.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: 15,490‑square‑foot flex industrial building with warehouse and office space; HM zoning for heavy manufacturing; Climate‑controlled warehouse with humidity management and fire suppression
