Sarasota Industrial Building with Expansion
For Sale
Contact for pricing
7575 Commerce Ct, Sarasota, FL 34243
44,164 SF industrial building with land for development.
Property Size44,164 SF
Lot Size3.20 Acres
Price / SF$258.58
Days on Market757
Property Features for 7575 Commerce Ct
General Information
Standard status
Active
Size
44,164 SF
Lot size
3.20 Acres
Property subtype
Industrial, Land, Office
Zoning
PD-I
Lease Type
NNN
Building Details
Year Built
1989
Buildings
2
Stories
1
Listing Agency:
Ian Black Real Estate LLC
Listed By:
Brie Tulp · License #FL SL3493495
(551) 206-4390
Source:
Crexi
Added: Sep 23, 2024
Changed: Oct 17
Last Checked: Oct 19 at 7:21AM
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 Ian Black Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 44,164 square foot concrete block industrial building features extensive office space and adjacent land available for further development. The flexible layout is suitable for various commercial uses, including office, retail, light industrial, heavy industrial, as well as research and development operations, due to its Planned Development (PD-I) zoning. The building includes conference rooms and essential facilities. Situated on a 3.2-acre site, the property provides ample parking and well-maintained landscaping. An additional adjacent 1.49-acre parcel with frontage on Tallevast Road is available for purchase, offering further development or expansion opportunities. The building is air-conditioned and features amenities such as high-speed internet, climate control systems, and energy-efficient lighting. The property is located in Sarasota, with convenient access to major highways such as US 301 and I-75, providing connectivity to Sarasota-Bradenton International Airport and downtown Sarasota. The option to occupy the entire building or utilize two separate units adds to its functionality.
Key Highlights
- 44,164 sq ft concrete block industrial building with extensive office space and flexible layout.
- 3.2 acre site with ample parking and additional 1.49 acres available for purchase, allowing for future development/expansion.
- Excellent location in Sarasota with high visibility and convenient access to US 301, I‑75, Sarasota‑Bradenton International Airport, and downtown Sarasota.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$435,249
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,704,980
$8.7M
Cap Rate 7%
$6,217,843
$6.2M
Cap Rate 9%
$4,836,100
$4.8M
Market Conditions
NOI Build-Up for 44,164 SF
Gross rent
$704.9K $15.96/SF
− Vacancy
−$35.2K −$0.80/SF
EGI
$669.6K $15.16/SF
− OpEx
−$234.4K −$5.31/SF
NOI
$435.2K $9.86/SF
Area
Manatee County, FL
Vacancy
5.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,704,980
Cap Rate 7%
$6,217,843
Cap Rate 9%
$4,836,100
Alternative Uses
Best Use
Flex RnD
$6.22M
$5.44M – $7.25M
NOI $435,249 @ 7.0% cap · market cap 3.81%
Second Best
Industrial
$5.31M
$4.64M – $6.19M
NOI $371,541 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$12.99M
$11.36M – $15.15M
NOI $909,107 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Apple Spice Box Lunch Delivery & Catering Sarasota, FL — 1447 Tallevast Rd Bldg #2, Sarasota, FL 34243
- Innovative Dining — 1431 Tallevast Rd, Sarasota, FL 34243
- Pour it Up — 803 Southern Pine Ln, Sarasota, FL 34243
Frequently Asked Questions
What type of property is this?
Flex space - 44,164 SF industrial building with land for development.
Where is this flex space located?
The property is located at 7575 Commerce Ct Sarasota, FL.
What is the asking price?
The asking price for this property is $11,420,000.
What are key features of this property?
This property features: 44,164 sq ft concrete block industrial building with extensive office space and flexible layout.; 3.2 acre site with ample parking and additional 1.49 acres available for purchase, allowing for future development/expansion.; Excellent location in Sarasota with high visibility and convenient access to US 301, I‑75, Sarasota‑Bradenton International Airport, and downtown Sarasota.**
