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    7188 15Th St Sarasota, FL 34243

    Sponsored
    For Sale
    $4,500,000

    32,790 SF Manufacturing Space, $4.5M

    Property size:
    32,790 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 32,790-square-foot manufacturing facility, located at 7188 15th St E in Sarasota, Florida (34243), is offered for sale at $4,500,000. The property, situated on a 56,267-square-foot lot (APN 6631100959), is part of the Newcraft Business Park and is zoned LM (Light Manufacturing). Built in 1968 and renovated in 2015, this single-story building boasts a 28-foot ceiling height. The interior comprises approximately 27,174 square feet of open space, 5,617 square feet of finished space including retail, lobby, reception, and office areas, and 1,314 square feet of partially finished mezzanine space. The building features 100% HVAC, insulation, and fire sprinklers. Currently leased to Evo Gymnastics, a long-term tenant with excellent credit, this property presents a strong investment opportunity. The sale is a Net Net Net (NNN) lease, and the property is offered as a single tenancy. The price per square foot is $137.24. This property is a condominium subject to the Declaration, Other Easements, and Restrictions of the Newcraft Business Park. The property's location in Manatee County, Florida provides easy access to major transportation routes and amenities. This is a rare opportunity to acquire a well-maintained, strategically located industrial property with a strong tenant in place.

    Property Features for 7188 15Th St

    General Information

    Property type
    Manufacturing properties
    Square Feet
    32,790 SF

    Building Details

    Year Built/Renovated
    1968/2015
    Stories
    1

    HighLights

    • $4,500,000 asking price for this 32,790 square foot industrial property.
    • Located at 7188 15th St E, Sarasota, FL 34243 in Manatee County.
    • Single‑tenant, NNN lease in place.
    • Features 28‑foot ceiling heights.
    • Light manufacturing zoning (LM).
    • Built in 1968, renovated in 2015.
    Property Profile Location Intelligence

    Current Use by Public Records

    Evo Athletic Foundation ... Association Or Organization EVO Gymnastics Gym

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Hair Salon Wholesale Shop Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.5480886
    Latitude
    27.413482

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    FAQs

    What type of property is this?
    Manufacturing property - 32,790 SF Manufacturing Space, $4.5M
    Where is this manufacturing property located?
    The property is located at 7188 15Th St Sarasota, FL.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: $4,500,000 asking price for this 32,790 square foot industrial property.; Located at 7188 15th St E, Sarasota, FL 34243 in Manatee County.; Single-tenant, NNN lease in place.
    Request Owner's contact information
    7188 15Th St Sarasota, FL 34243
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    Sarasota, FL 34243
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7188 15Th St Sarasota, FL 34243
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