Industrial Warehouse in Business
7176 15th Street East Sarasota, FL 34243
For Sale
$3,950,000
29,598 Sq. Ft. warehouse in a sought-after business park.
Property Size29,598 SF
Price / SF$133.45
Days on Market145
Property Features for 7176 15th Street East
General Information
Standard status
Active
Size
29,598 SF
Property subtype
Industrial
Listing Agency:
SVN Commercial Advisory Group
(941) 914-6869
Listed By:
Larry Starr · License #FL #303911
(941) 914-6869
Source:
Suncoastsvn
Added: Mar 6
Changed: Jul 6
Last Checked: Jul 29 at 4:25AM
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
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 For Warehouse
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 | $369.4k | $12.48 |
| − Vacancy | −$13.7k | −$0.46 |
| EGI | $355.7k | $12.02 |
| − OpEx | −$53.4k | −$1.80 |
| NOI | $302.4k | $10.22 |
29,598 SF · lease $12.48/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.32M
$3.78M – $5.04M
NOI $302,358 @ 7.0% cap · market cap 7.65%
Second Best
Industrial
$3.56M
$3.11M – $4.15M
NOI $249,001 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$8.70M
$7.62M – $10.15M
NOI $609,269 @ 7.0% cap · market cap 15.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Republic Auto Group — 1144 Tallevast Rd ste 104, Sarasota, FL 34243
- Iron Mountain — 7315 16th St E, Sarasota, FL 34243
- Iron Mountain — 7455 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 $3,950,000.
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
