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 Market1124
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
(941) 248-3399
Listed By:
Jesse Ialuna · License #FL BK3437728
Source:
Crexi
Added: Aug 2, 2023
Changed: Aug 16
Last Checked: Aug 29 at 3:53AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$206,414
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.
