Sarasota Industrial Building with Expansion
7575 Commerce Ct Sarasota, FL 34243
7575 Commerce Ct, Sarasota, FL, 34243
Contact for pricing
For Sale
Contact for pricing
44,164 SF industrial building with land for development.
Property Size44,164 SF
Lot Size3.20 Acres
Price / SF$258.58
Days on Market663
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
Building Details
- Year Built
- 1989
Listing Agency
Ian Black Real Estate LLC
(941) 906-8688
Listed by
Brie Tulp · License #FL SL3493495
Source
Crexi
Added: Sep 23, 2024 Checked: Jul 16 at 11:20 am
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
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.02M | $23.04 |
| − Vacancy | −$56.0k | −$1.27 |
| EGI | $961.6k | $21.77 |
| − OpEx | −$240.4k | −$5.44 |
| NOI | $721.2k | $16.33 |
44,164 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$10.30M
$9.01M – $12.02M
NOI $721,180 @ 7.0% cap · market cap 6.32%
Second Best
Warehouse
$6.45M
$5.64M – $7.52M
NOI $451,158 @ 7.0% cap · market cap 3.95%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hydrogel
Industrial Manufacturer
Extreme H2O Contact ...
Department Store
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- Pour it Up — 803 Southern Pine Ln, Sarasota, FL 34243
FAQs
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.**
