Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Sarasota Industrial Building with Expansion Potential Title is generated by Realmo AI

    7575 Commerce Ct, Sarasota, FL 34243

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    44,164 SF industrial building with land for development.

    Type:Industrial, Land, Office
    Property size:
    44,164 SF
    Lot size:
    3.20 Acres
    Price / SF:
    $258/SF
    Added:
    Sep 23, 2024
    Days on Market:
    618
    Last Refresh:
    May 12 at 10:51 pm

    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

    We can help!

    Listing Contact
    Brie Tulp
    Brie Tulp

    Listing agent Brie Tulp License #FL SL3493495

    Listing office Ian Black Real Estate LLC

    Listing date Sep 23, 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 Ian Black Real Estate LLC

    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.
    • Zoned for Planned Development (PD‑I), accommodating a broad range of commercial activities.
    • Equipped with air conditioning, high‑speed internet, climate control systems, and energy‑efficient lighting.
    • Option to occupy the entire building or utilize two separate units.

    Overview

    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.

    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 (±1% cap)
    NOI $721,180 @ 7.0% cap · market cap 6.32%
    Second Best
    Warehouse
    $6.45M
    $5.64M – $7.52M (±1% cap)
    NOI $451,158 @ 7.0% cap · market cap 3.95%
    Theoretical Best
    Office A
    $12.99M
    $11.36M – $15.15M (±1% cap)
    NOI $909,107 @ 7.0% cap · market cap 7.96%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hydrogel Industrial Manufacturer Extreme H2O Contact ... Department Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Apple Spice Box Lunch Delivery & Catering Sarasota, FL — 1447 Tallevast Rd Bldg #2, Sarasota, FL 34243
    • Innovative Dining — 1431 Tallevast Rd, Sarasota, FL 34243
    • Pour it Up — 803 Southern Pine Ln, Sarasota, FL 34243

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.5522979
    Latitude
    27.405142

    Nearby Similar for Sale

    • $974,000
      3,562 SF

      Sarasota Flex Space Opportunity

      2,842 SF office/warehouse with mezzanine, ideal for various uses.
      4430 MCASHTON STREET, SARASOTA, FL 34233
      View Details
    • $974,000
      3,562 SF

      Sarasota Flex Space Opportunity

      2,842 SF office/warehouse with mezzanine near I-75.
      4430 MCASHTON STREET, SARASOTA, FL 34233
      View Details
    • $798,000
      3,000 SF

      Sarasota Office Units For Sale

      Two office units ideal for various commercial uses.
      8245-8249 VICELA DRIVE, SARASOTA, FL 34240
      View Details
    • $449,000
      1,350 SF

      Commercial Condo on Bee Ridge

      1,350 SF office/retail condo with excellent visibility and parking.
      4509 BEE RIDGE ROAD, SARASOTA, FL 34233
      View Details
    • $5,900,000
      12,626 SF

      Downtown Sarasota Mixed-Use Redevelopment Opportunity

      Large downtown parcel with redevelopment potential and rare on-site parking.
      1565 STATE STREET, SARASOTA, FL 34236
      View Details
    • $450,000
      9,882 SF

      Profitable Coastal Rental Business Opportunity

      Turnkey coastal rental business with immediate cash flow and growth potential.
      2239 15TH STREET, SARASOTA, FL 34237
      View Details
    • $399,000
      1,500 SF

      Sarasota Office/Medical/Daycare Opportunity

      Corner units ideal for office, medical, or daycare use.
      8249 VICELA DRIVE, SARASOTA, FL 34240
      View Details
    • $399,000
      1,500 SF

      Corner Office Space Available

      Versatile office space suitable for various businesses.
      8245 VICELA DRIVE, SARASOTA, FL 34240
      View Details
    • $399,000
      1,500 SF

      Corner Office Units For Sale

      Two office units suitable for various commercial uses.
      8245 VICELA DRIVE, SARASOTA, FL 34240
      View Details
    • $1,500,000
      4,291 SF

      Sarasota Multifamily Investment Opportunity

      Five-unit property near Siesta Key with income and flexibility.
      4001 GROVELAND AVENUE, SARASOTA, FL 34231
      View Details
    • $399,000
      1,500 SF

      Sarasota Office/Medical/Day Care Opportunity

      Versatile commercial space suitable for office, medical, or day care.
      8249 VICELA DRIVE, SARASOTA, FL 34240
      View Details
    • $629,000
      1,605 SF

      Sarasota Duplex: Investment Opportunity

      Well-maintained Sarasota duplex, ideal for short-term rental or personal retreat.
      4925 REMINGTON DRIVE, SARASOTA, FL 34234
      View Details

    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.**
    (941) 906-8688 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brie Tulp
    Brie Tulp
    Real Estate License ID: FL SL3493495
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7575 Commerce Ct, Sarasota, FL 34243
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!