Industrial Warehouse in Business
For Sale
$3,500,000
7176 15th Street East, Sarasota, FL 34243
29,598 Sq. Ft. warehouse in a sought-after business park.
Property Size29,598 SF
Price / SF$118.25
Days on Market225
Property Features for 7176 15th Street East
General Information
Standard status
Active
Size
29,598 SF
Property subtype
Industrial
Building Details
Building Size
29,598 SF
Listing Agency:
SVN Commercial Advisory Group
Listed By:
Larry Starr · License #FL #303911
(941) 914-6869
Source:
Suncoastsvn
Added: Mar 6
Changed: Oct 9
Last Checked: Oct 16 at 6:16AM
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 SVN Commercial Advisory Group
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Investment Insights
Based on property information with market context.
This 29,598 square foot industrial warehouse is situated in a well-regarded business park and offers ample parking. The property is located within an 8-minute drive of the SRQ airport.
Key Highlights
- 29,598 Sq. Ft Industrial Warehouse
- Located in a well sought after business park
- Plenty of parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$302,358
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,047,160
$6.0M
Cap Rate 7%
$4,319,400
$4.3M
Cap Rate 9%
$3,359,533
$3.4M
Market Conditions
NOI Build-Up for 29,598 SF
Gross rent
$369.4K $12.48/SF
− Vacancy
−$13.7K −$0.46/SF
EGI
$355.7K $12.02/SF
− OpEx
−$53.4K −$1.80/SF
NOI
$302.4K $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 Rate 5%
$6,047,160
Cap Rate 7%
$4,319,400
Cap Rate 9%
$3,359,533
Alternative Uses
Best Use
Warehouse
$4.32M
$3.78M – $5.04M
NOI $302,358 @ 7.0% cap · market cap 8.64%
Second Best
Industrial
$3.56M
$3.11M – $4.15M
NOI $249,001 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$8.70M
$7.62M – $10.15M
NOI $609,269 @ 7.0% cap · market cap 17.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
739
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
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Republic Auto Group — 1144 Tallevast Rd ste 104, Sarasota, FL 34243
- Iron Mountain — 7455 16th St E, Sarasota, FL 34243
- Iron Mountain — 7315 16th St E, Sarasota, FL 34243
- Shore Thing Storage — 7140 15th St E, Sarasota, FL 34243
- All My Sons Moving & Storage — 7155 16th St E #114, Sarasota, FL 34243
Frequently Asked Questions
What type of property is this?
Warehouse - 29,598 Sq. Ft. warehouse in a sought-after business park.
Where is this warehouse located?
The property is located at 7176 15th Street East Sarasota, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 29,598 Sq. Ft Industrial Warehouse; Located in a well sought after business park; Plenty of parking available
