Office Building with Fenced
For Sale
$1,550,000
7210 US 301 N, Ellenton, FL 34222
Two-parcel office property with month-to-month occupancy, executive suites, and a separate warehouse.
Property Size6,535 SF
Price / SF$238.46
Days on Market117
Property Features for 7210 US 301 N
General Information
Standard status
Active
Size
6,535 SF
Property subtype
Free Standing Building
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Warehouse Space
919 SF
Building Details
Building Size
6,535 SF
Buildings
2
Tenancy
Multi
Owner Occupied
Yes
Properties For Sale
at 7210 US 301 N Contact us- Size
- 875 SF
- Lease Type
- NNN
7216
Listing Agency:
American Property Group of Sarasota, Inc.
(941) 923-0535
Listed By:
Adam Doak · License #3271713
(941) 923-0535
Source:
Thebrokerlist
Added: May 7
Changed: Aug 29
Last Checked: Aug 29 at 8:00PM
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 American Property Group of Sarasota, Inc.
Investment Insights
Based on property information with market context.
The property includes two office parcels at 7210 US 301 N and 2621 73rd Ave E in Ellenton. The approximately 6,500-square-foot building is divided between a foot clinic occupying about 1,545 square feet and an executive-office area totaling roughly 5,045 square feet. A 919-square-foot warehouse sits behind the main building, while the rear parcel accommodates month-to-month outside-storage tenants. Suite 120 offers approximately 875 square feet with a waiting and reception area, four offices, recent flooring, and fresh paint. Common building features include shared entrances and a common handicap restroom.
Access is provided from US 301 N and 73rd Ave E, supporting movement from both east and west. The site has more than 1 acre of fenced outdoor space and is approximately 1.1 miles east of I-75. The surrounding area includes Bank of America, Wells Fargo, Take 5 Car Wash, and Ace Hardware.
Access is provided from US 301 N and 73rd Ave E, supporting movement from both east and west. The site has more than 1 acre of fenced outdoor space and is approximately 1.1 miles east of I-75. The surrounding area includes Bank of America, Wells Fargo, Take 5 Car Wash, and Ace Hardware.
Key Highlights
- Approximately 6,500 SF office building with two primary sides
- More than 1 acre of fenced outside space
- Two access points from US 301 N and 73rd Ave E
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$106,142
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,122,840
$2.1M
Cap Rate 7%
$1,516,314
$1.5M
Cap Rate 9%
$1,179,356
$1.2M
Market Conditions
NOI Build-Up for 6,500 SF
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.
Gross rent
$149.8K $23.04/SF
− Vacancy
−$8.2K −$1.27/SF
EGI
$141.5K $21.77/SF
− OpEx
−$35.4K −$5.44/SF
NOI
$106.1K $16.33/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,122,840
Cap Rate 7%
$1,516,314
Cap Rate 9%
$1,179,356
Alternative Uses
Best Use
Office B
$1.52M
$1.33M – $1.77M
NOI $106,142 @ 7.0% cap · market cap 6.85%
Second Best
Healthcare Medical
$1.43M
$1.25M – $1.67M
NOI $100,351 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,801 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Explore this area
Business Placement
Demographics for 34222, FL
14,097
Population
7,931
Households
1.8
Avg Household Size
57
Median Age
23%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
2,660
Density / Sq Mi
$66,105
Median Household Income
$35,231
Median Earnings
$1,525
Median Rent
$194,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-parcel office property with month-to-month occupancy, executive suites, and a separate warehouse.
Where is this office building located?
The property is located at 7210 US 301 N Ellenton, FL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Approximately 6,500 SF office building with two primary sides; More than 1 acre of fenced outside space; Two access points from US 301 N and 73rd Ave E
