Manatee/Sarasota Flex Warehouse Opportunity

7137 24th Court E Sarasota, FL 34243

Claim this Listing
For Sale
$1,749,000

7,046 sq ft flex space in thriving market.

Type:IND
Property size:
7,046 SF
Price / SF:
$248/SF
Added:
Aug 28, 2025
Days on Market:
320
Last Refresh:
Jul 3 at 9:34 pm

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 office NDC Commercial Real Estate

Listing date Aug 28, 2025

Source Realnex

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.

Local 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 (±1% cap)
NOI $115,058 @ 7.0% cap · market cap 6.58%
Second Best
Warehouse
$1.03M
$899.7K – $1.20M (±1% cap)
NOI $71,978 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M (±1% cap)
NOI $145,041 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

KJM Holdings Ltd. Big Box & Wholesale Store Seawide Distribution Distribution Center Lumishore USA, LLC Industrial Manufacturer

Suggested Use

Real Estate Agency Restaurant Dental Office Hair Salon Spa & Massage Center Law Firm Pharmacy (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Expo rental — 7600 Matoaka Rd, Sarasota, FL 34243
  • Laura's Event Bar LLC — 7516 Alumni Trail, Sarasota, FL 34243

FAQs

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.
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