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    Move-in Ready Commercial Space Title is generated by Realmo AI

    7184 21ST STREET E, Sarasota, FL 34243

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    Picture of Mixed-use properties at 7184 21ST STREET E, Sarasota, FL
    For Lease
    $17 SF/Yr $2,302/Mo (calc)

    Mixed Use - SARASOTA, FL

    Type:Mixed Use
    Property size:
    1,625 SF
    Lot size:
    0.04 Acres
    Added:
    May 20, 2026
    Days on Market:
    2
    Last Refresh:
    May 21 at 6:06 pm

    Property Features for 7184 21ST STREET E

    General Information

    Property type
    Commercial Lease
    Property subtype
    Mixed Use
    Zoning
    LM
    Security features
    Fire Sprinkler System
    Pets allowed
    No
    Appliances
    Dishwasher, Refrigerator, Washer
    Standard status
    Active
    APN
    1985311109
    Size
    1,625 SF
    Lot size
    0.04 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3902.02

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2005
    Flooring type
    Concrete
    Building materials
    Block, Metal Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Tom Wagenhauser

    Listing agent Tom Wagenhauser License #3239226

    Listing office RYNTAL 7184 21st Street East, Sarasota, FL

    Listing date May 20, 2026

    MLS# A4694323 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Move‑in ready commercial space with office, restrooms, kitchen, and large warehouse.
    • Convenient location less than five miles from Sarasota‑Bradenton International Airport.
    • Easy access to Highway 301 and Whitfield Avenue.
    • Office area features LED lighting and central air conditioning.
    • Warehouse has 20‑foot ceilings and a high bay door.
    • Includes appliances: dishwasher, refrigerator, and washer.

    Overview

    This move-in ready commercial space is located less than five miles from the Sarasota-Bradenton International Airport, just off of Highway 301 and Whitfield Avenue. The building, situated on a 0.04-acre lot, offers 1,625 square feet of space, suitable for various business ventures. It features a spacious office area equipped with LED lighting and air conditioning. Additionally, there are two restrooms and a kitchen. The property includes a large warehouse space with 20-foot ceilings and a high bay door. The warehouse portion is not air-conditioned. The property is zoned LM.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gulf Coast Home ... Home Inspector Ryntal Property Management Apartment Rental Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.538902
    Latitude
    27.412942

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    FAQs

    What type of property is this?
    Mixed-use property - Commercial space with office, restrooms, kitchen, and large warehouse.
    Where is this mixed-use property located?
    The property is located at 7184 21ST STREET E Sarasota, FL.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Move‑in ready commercial space with office, restrooms, kitchen, and large warehouse.; Convenient location less than five miles from Sarasota‑Bradenton International Airport.; Easy access to Highway 301 and Whitfield Avenue.
    (301) 821-0799
    We can help!
    Listing Contact
    Tom Wagenhauser
    Real Estate License ID: 3239226
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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