Industrial Property Near
6425 15th St E, Sarasota, FL 34243
Prime industrial property with development potential near Sarasota-Bradenton Airport.
Type:Industrial, Land
Property size:
27,000 SFLot size:
8.27 AcresPrice / SF:
$231/SF- Added:
- Sep 30, 2024
- Days on Market:
- 648
- Last Refresh:
- Jun 28 at 12:57 pm
Property Features for 6425 15th St E
General Information
- Standard status
- Active
- Size
- 27,000 SF
- Lot size
- 8.27 Acres
- Property subtype
- Industrial, Land
Building Details
- Year Built
- 1997
Listing office Horizon Realty International Inc
Listing date Sep 30, 2024
Source Crexi
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 Horizon Realty International Inc
HighLights
- Owner financing available for qualified buyers.
- Located in South Bradenton, ranked No. 6 in the US for starting a business.
- Prime location in an Industrial zone with only a 2% vacancy rate, near Sarasota‑Bradenton International Airport, US 301, and I‑75.
- Significant value‑add opportunity: Heavy Commercial zoning on 8.27 acres allows for development of approximately 40,000 SF in additional buildings.
- Large building size: 21,524 SF (27,000 SF with second‑floor warehouse), including office/showroom, warehouse/repair shop, and canopy, plus an additional 5,476 SF on the second floor.
- Warehouse features: Clear span with 43' center height and 20'+ at the eve line, 14x14 door sizes, and fire sprinklers.
Overview
This property is located in the industrial zone near the Sarasota-Bradenton International Airport, an area with a low vacancy rate of only 2%. The location offers convenient access to US 301 and I-75. The property is situated in South Bradenton, which was ranked No. 6 in WalletHub's 2024 list of "Best Cities to Start a Business in the US." The total property area spans 8.27 acres and consists of two individual PIDs. The total building size is 21,524 square feet, but increases to 27,000 square feet when including the second-floor warehouse. The property includes 7,000 square feet of office/showroom space, 7,000 square feet of warehouse/repair shop space, and a 7,524-square-foot canopy. The second floor adds an additional 5,476 square feet. There are approximately 622 parking spaces available. Fire sprinklers are installed in the building and canopy. The property has Heavy Commercial zoning and features 950 feet of road frontage on 15th St E. Previously used as an auto dealership, the warehouse has clear span ceiling heights of 43 feet at the center and 20+ feet at the eve line. The door size is 14x14. There is a value-add development opportunity for four additional buildings, each between 8,000 and 12,000 square feet, totaling approximately 40,000 square feet.
Local Financial Insights For Retail
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 | $486.0k | $18.00 |
| − Vacancy | −$11.7k | −$0.43 |
| EGI | $474.3k | $17.57 |
| − OpEx | −$142.3k | −$5.27 |
| NOI | $332.0k | $12.30 |
27,000 SF · lease $18.00/SF/yr · vacancy 2.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.74M
$4.15M – $5.53M
NOI $332,035 @ 7.0% cap · market cap 5.31%
Second Best
Warehouse
$3.94M
$3.45M – $4.60M
NOI $275,819 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$7.94M
$6.95M – $9.26M
NOI $555,790 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Showrooms
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Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Manatee
- State
- Florida
- Longitude
- -82.5461483
- Latitude
- 27.4269054
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - Prime industrial property with development potential near Sarasota-Bradenton Airport.
Where is this warehouse located?
The property is located at 6425 15th St E Sarasota, FL.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: Owner financing available for qualified buyers.; Located in South Bradenton, ranked No. 6 in the US for starting a business.; Prime location in an Industrial zone with only a 2% vacancy rate, near Sarasota‑Bradenton International Airport, US 301, and I‑75.
