SeaPort Manatee Industrial
For Sale
Contact for pricing
2105 S Dock St, Palmetto, FL 34221
Industrial property near SeaPort Manatee with heavy manufacturing zoning.
Property Size27,853 SF
Price / SF$359.03
Days on Market224
Property Features for 2105 S Dock St
General Information
Standard status
Active
Size
27,853 SF
Property subtype
Industrial
Zoning
HM/HEAVY MANUFACTURING
Building Details
Year Built
2021
Buildings
2
Stories
1
Listing Agency:
SVN | Commercial Advisory Group Sarasota
Listed By:
Gail Bowden · License #FL 3044621
(941) 223-1525
Source:
Crexi
Added: Mar 3
Changed: Sep 28
Last Checked: Oct 12 at 9:05PM
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 SVN | Commercial Advisory Group Sarasota
Investment Insights
Based on property information with market context.
This industrial property is strategically located at the south entrance to SeaPort Manatee, a maritime trade hub in Southwest and Central Florida. Zoned HM – Heavy Manufacturing, the property is suited for manufacturing, industrial processing, distribution, logistics, marine-related services, port-dependent businesses, outdoor storage, and heavy equipment operations. The property includes nearly 28,000 square feet of warehouse and climate-controlled space. The dual-building configuration and expansive layout provide operational flexibility for single-user occupancy or multi-tenant utilization. The improvements are designed to support efficient operations, featuring multiple loading configurations and functional industrial layouts to accommodate a wide range of uses. Located directly adjacent to SeaPort Manatee, the property benefits from immediate access to one of Florida’s fastest growing deep-water ports. The port has recently enhanced its ship-to shore cargo-handling capabilities with the addition of Konecranes Gottwald Generation 6 mobile harbor cranes, further increasing throughput efficiency and strengthening global trade connectivity. This premier port positioning provides direct access to international shipping lanes, rapid connectivity to I-75, I-275, Tampa, and Central Florida markets, reduced drayage time and transportation costs, and proximity to expanding port infrastructure and investment. The property size is 27853 square feet.
Key Highlights
- Strategic adjacency to SeaPort Manatee, providing direct access to international shipping lanes and reduced transportation costs.
- Zoned HM – Heavy Manufacturing, suitable for a wide range of industrial and port‑dependent uses.
- Dual‑building configuration and expansive layout offering operational flexibility for single or multi‑tenant use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$284,532
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,690,640
$5.7M
Cap Rate 7%
$4,064,743
$4.1M
Cap Rate 9%
$3,161,467
$3.2M
Market Conditions
NOI Build-Up for 27,853 SF
Gross rent
$347.6K $12.48/SF
− Vacancy
−$12.9K −$0.46/SF
EGI
$334.7K $12.02/SF
− OpEx
−$50.2K −$1.80/SF
NOI
$284.5K $10.22/SF
Area
Manatee County, FL
Vacancy
3.70%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,690,640
Cap Rate 7%
$4,064,743
Cap Rate 9%
$3,161,467
Alternative Uses
Best Use
Warehouse
$4.06M
$3.56M – $4.74M
NOI $284,532 @ 7.0% cap · market cap 2.85%
Second Best
Industrial
$3.35M
$2.93M – $3.91M
NOI $234,321 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$8.19M
$7.17M – $9.56M
NOI $573,348 @ 7.0% cap · market cap 5.73%
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
74
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34221, FL
48,082
Population
24,812
Households
1.9
Avg Household Size
45
Median Age
28%
College-Educated
91%
High-School Grad
53.9 sq mi
ZIP Area
892
Density / Sq Mi
$74,314
Median Household Income
$40,072
Median Earnings
$1,459
Median Rent
$298,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial property near SeaPort Manatee with heavy manufacturing zoning.
Where is this warehouse located?
The property is located at 2105 S Dock St Palmetto, FL.
What is the asking price?
The asking price for this property is $9,999,997.
What are key features of this property?
This property features: Strategic adjacency to SeaPort Manatee, providing direct access to international shipping lanes and reduced transportation costs.; Zoned HM – Heavy Manufacturing, suitable for a wide range of industrial and port‑dependent uses.; Dual‑building configuration and expansive layout offering operational flexibility for single or multi‑tenant use.
