Climate-Controlled Manufacturing
New
For Sale
$2,800,000
7430 Commerce Pl, Sarasota, FL 34243
Renovated facility with cold-storage capability and LM zoning for industrial operations.
Property Size10,300 SF
Price / SF$271.84
Days on Market3
Property Features for 7430 Commerce Pl
General Information
Standard status
Active
Size
10,300 SF
Property subtype
Industrial
Zoning
LM
Warehouse & Industrial
Cold Storage
Yes
Conditioned Warehouse
Yes
Additional Details
Highway Access
Yes
Building Details
Building Size
10,300 SF
Year Built
1961
Year Renovated
2023
Listing Agency:
(941) 720-0403
Listed By:
Gavin Oberlin · License #FL #SL3461965
(941) 720-0403
Source:
Ndc-commercial
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 3:17PM
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 Gavin Oberlin
Investment Insights
Based on property information with market context.
This 10,300-square-foot manufacturing property comprises a single unit with full climate control and large coolers for cold-storage operations. Originally built in 1961, the facility underwent renovation in 2023 and is configured for industrial and manufacturing use. LM zoning supports the property’s stated industrial positioning.
The building is located in Sarasota, Florida, directly beside SRQ International Airport and US 301. Its location provides access to both a major airport facility and a designated U.S. route, while the existing cold-storage improvements support specialized operating requirements. The property is offered for sale for either an investment or end-user application.
The building is located in Sarasota, Florida, directly beside SRQ International Airport and US 301. Its location provides access to both a major airport facility and a designated U.S. route, while the existing cold-storage improvements support specialized operating requirements. The property is offered for sale for either an investment or end-user application.
Key Highlights
- 10,300 SF manufacturing building
- Renovated in 2023; originally built in 1961
- Full climate control with large coolers
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
$86,652
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
3.09%
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%
$1,733,040
$1.7M
Cap Rate 7%
$1,237,886
$1.2M
Cap Rate 9%
$962,800
$962.8K
Market Conditions
NOI Build-Up for 10,300 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
$128.5K $12.48/SF
− Vacancy
−$4.8K −$0.46/SF
EGI
$123.8K $12.02/SF
− OpEx
−$37.1K −$3.61/SF
NOI
$86.7K $8.41/SF
Area
Manatee County, FL
Vacancy
3.70%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
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%
$1,733,040
Cap Rate 7%
$1,237,886
Cap Rate 9%
$962,800
Alternative Uses
Best Use
Industrial
$1.24M
$1.08M – $1.44M
NOI $86,652 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.03M
$2.65M – $3.53M
NOI $212,023 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Renovated facility with cold-storage capability and LM zoning for industrial operations.
Where is this manufacturing property located?
The property is located at 7430 Commerce Pl Sarasota, FL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 10,300 SF manufacturing building; Renovated in 2023; originally built in 1961; Full climate control with large coolers
