North Port Industrial Building For
For Sale
Contact for pricing
11155 S Tamiami Trail, North Port, FL 34287
17,900 sq ft industrial building in North Port, Florida.
Property Size17,900 SF
Price / SF$279.33
Days on Market1169
Property Features for 11155 S Tamiami Trail
General Information
Standard status
Active
Size
17,900 SF
Class
C
Property subtype
Industrial
Zoning
CI
Lease Type
NNN
Investment Type
Value Add
Building Details
Year Built
1981
Year Renovated
2024
Buildings
1
Tenancy
Single
Listing Agency:
Ialuna Real Estate
Listed By:
Jesse Ialuna · License #FL BK3437728
(941) 248-3399
Source:
Crexi
Added: Aug 2, 2023
Changed: Oct 3
Last Checked: Oct 12 at 7:48PM
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 Ialuna Real Estate
Investment Insights
Based on property information with market context.
Located in North Port, Florida, the industrial building at 11155 South Tamiami Trail offers an opportunity for commercial investment. The property, situated in Sarasota County, provides access to major transportation routes and a business community. Positioned along South Tamiami Trail, the property offers visibility. The building has a size of 17,900 square feet. The property is currently owner-occupied.
Key Highlights
- Rare CI (Commercial Intensive) zoning offers versatile usage possibilities.
- Prime location on South Tamiami Trail provides excellent visibility and exposure.
- Large 17,900 square foot industrial building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$206,414
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,128,280
$4.1M
Cap Rate 7%
$2,948,771
$2.9M
Cap Rate 9%
$2,293,489
$2.3M
Market Conditions
NOI Build-Up for 17,900 SF
Gross rent
$307.2K $17.16/SF
− Vacancy
−$12.3K −$0.69/SF
EGI
$294.9K $16.47/SF
− OpEx
−$88.5K −$4.94/SF
NOI
$206.4K $11.53/SF
Area
Sarasota County, FL
Vacancy
4.00%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,128,280
Cap Rate 7%
$2,948,771
Cap Rate 9%
$2,293,489
Alternative Uses
Best Use
Industrial
$2.95M
$2.58M – $3.44M
NOI $206,414 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.09M
$4.45M – $5.94M
NOI $356,113 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Explore this area
Business Placement
Demographics for 34287, FL
26,277
Population
15,713
Households
1.7
Avg Household Size
59
Median Age
23%
College-Educated
92%
High-School Grad
17.4 sq mi
ZIP Area
1,510
Density / Sq Mi
$64,229
Median Household Income
$39,509
Median Earnings
$1,296
Median Rent
$235,400
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - 17,900 sq ft industrial building in North Port, Florida.
Where is this industrial property located?
The property is located at 11155 S Tamiami Trail North Port, FL.
What is the asking price?
The asking price for this property is $4,999,990.
What are key features of this property?
This property features: Rare CI (Commercial Intensive) zoning offers versatile usage possibilities.; Prime location on South Tamiami Trail provides excellent visibility and exposure.; Large 17,900 square foot industrial building.
