Manatee/Sarasota Flex Warehouse
7137 24th Court E Sarasota, FL 34243
For Sale
$1,749,000
7,046 sq ft flex space in thriving market.
Property Size7,046 SF
Price / SF$248.23
Days on Market336
Property Features for 7137 24th Court E
General Information
Standard status
Active
Size
7,046 SF
Property subtype
IND
Building Details
Year Built
2005
Listing Agency:
NDC Commercial Real Estate
(941) 285-6727
Listed By:
Ben Bakker · License ##BK3279071
(941) 285-6727
Source:
Realnex
Added: Aug 28, 2025
Changed: Jul 6
Last Checked: Jun 26 at 8:08PM
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 NDC Commercial Real Estate
Investment Insights
Based on property information with market context.
Located in the Manatee/Sarasota area, this commercial flex building offers 7,046 square feet of space within a single unit. Constructed in 2005 and zoned HM, the property includes 2,000 square feet of office space and 5,000 square feet of warehouse space, along with an IT room. A 10-foot roll-up door provides accessibility. The building also features a generator backup system and a security system with multiple cameras. Situated in the Whitfield/US 301 Industrial Park, the location is central for employee and shipping/delivery travel. Positioned near US 301, US 41, University Parkway, and State Road 70, the property allows access in all directions, providing connectivity to major transportation routes.
Key Highlights
- Prime location at the crossroads of US 301, US 41, University Parkway, and State Road 70, providing exceptional accessibility and connectivity.
- 7,046 sq ft flex space including 2,000 sq ft of office space and 5,000 sq ft of warehouse space.
- Generator backup system ensures operational continuity.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.3k | $23.04 |
| − Vacancy | −$8.9k | −$1.27 |
| EGI | $153.4k | $21.77 |
| − OpEx | −$38.4k | −$5.44 |
| NOI | $115.1k | $16.33 |
7,046 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.64M
$1.44M – $1.92M
NOI $115,058 @ 7.0% cap · market cap 6.58%
Second Best
Warehouse
$1.03M
$899.7K – $1.20M
NOI $71,978 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $145,041 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Expo rental — 7600 Matoaka Rd, Sarasota, FL 34243
- Laura's Event Bar LLC — 7516 Alumni Trail, Sarasota, FL 34243
Frequently Asked Questions
What type of property is this?
Flex space - 7,046 sq ft flex space in thriving market.
Where is this flex space located?
The property is located at 7137 24th Court E Sarasota, FL.
What is the asking price?
The asking price for this property is $1,749,000.
What are key features of this property?
This property features: Prime location at the crossroads of US 301, US 41, University Parkway, and State Road 70, providing exceptional accessibility and connectivity.; 7,046 sq ft flex space including **2,000 sq ft of office space and 5,000 sq ft of warehouse space.**; Generator backup system ensures operational continuity.
