Technical
Financial
Distress signals
Property profile

2011 Cornell St Sarasota, FL 34237

FOR SALE
Manufacturing properties
Property ID
US18-1059498
3,750 SF 0.24 ac lot Built 1978
Entity Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

The property consists of a metal-framed building configured for flexible use, including approximately 1,000 sq ft of air-conditioned office space with a reception area and two half baths, with the remainder arranged for warehouse, shop, and service operations. Interior use has included auto repair, boat sales and repair, and storage. Two large bay doors are set on the north and south sides of the building, sized approximately 10 x 12 ft and 12 x 12 ft. The site comprises approximately 0.49 acres in downtown Sarasota and includes an adjacent parcel at 2010 Princeton St.; that neighboring parcel is fenced with an access gate and used for boat, trailer, and commercial vehicle storage. The location is about one block off US-301 and approximately 1.4 miles from Centennial Park Boat Ramp, providing access to downtown Sarasota and major transportation corridors. The property is zoned Industrial General District (IGD), which allows a broad range of permitted uses including manufacturing, warehousing, wholesale distribution, light industrial uses, automotive repair, marine service, and contractor operations, among others.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1978
Total area 3,750 SF
Lot 0.24 ac (10,616 SF)
Zoning code IGD
APN 2023-13-0051
UPID US18-1059498

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Boat Rental Service
  • Freight Service Logistics Company
  • (Bike/Boat/Book/etc) Store

Location

2011 Cornell St Sarasota, FL 34237
Sarasota metro Census 200 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$665k
Comparable Approach Comparable
$954k
Blend (final) Blend
$380k

Owner & transaction history

since 2010
1 recorded transaction
2010
Price N/A

Zoning & alternative use

IGD · Sarasota, FL
Zoning description

tricts, and modify the use characteristics for accessory uses of religious institutions. 24-5540 Solar Utilities (24-ZTA-03) - An Ordinance to allow a Solar Utility as a permitted use in the Industrial General District (…

General category INDUSTRIAL
Top alternative use upside
Office building $1.2M +50.5%
Warehouse, storage $830,000 +1.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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