Climate-Controlled Manufacturing
7430 Commerce Pl, Sarasota, FL 34243
For Sale
$2,800,000
Renovated facility with cold-storage capability and LM zoning for industrial operations.
Property Size10,300 SF
Price / SF$271.84
Days on Market94
Property Features for 7430 Commerce Pl
General Information
Standard status
Size
Property subtype
Zoning
Warehouse & Industrial
Cold Storage
Conditioned Warehouse
Additional Details
Highway Access
Building Details
Building Size
Year Built
Year Renovated
Listing Agency:
NDC Commercial Real Estate
Listed By:
Gavin Oberlin · License FL SL3461965
(941) 720-0403
Source:
Ndc-commercial
Added: Aug 8
Changed: Nov 6
Last Checked: Nov 8 at 2:51AM
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 NDC Commercial Real Estate
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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 / Yr
$105,220
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,104,400
$2.1M
Cap Rate 7%
$1,503,143
$1.5M
Cap Rate 9%
$1,169,111
$1.2M
Market Conditions
NOI Build-Up for 10,300 SF
Gross rent
$128.5K $12.48/SF
− Vacancy
−$4.8K −$0.46/SF
EGI
$123.8K $12.02/SF
− OpEx
−$18.6K −$1.80/SF
NOI
$105.2K $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%
$2,104,400
Cap Rate 7%
$1,503,143
Cap Rate 9%
$1,169,111
Alternative Uses
Best Use
Warehouse
$1.50M
$1.32M – $1.75M
NOI $105,220 @ 7.0% cap · market cap 3.76%
Second Best
Industrial
$1.24M
$1.08M – $1.44M
NOI $86,652 @ 7.0% cap · market cap 3.09%
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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Renovated facility with cold-storage capability and LM zoning for industrial operations.
Where is this refrigerated & cold storage 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
