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    OFF-MARKET
    Distribution centers

    2021 Tallevast Rd, Sarasota, FL 34243

    10,350 SF Built 1967
    Property ID
    US18-4748845
    Property summary
    AI-generated overview

    This exceptional 10,350 square foot industrial warehouse, located at 2021 Tallevast Rd, Sarasota, FL 34243, presents a compelling investment opportunity. Boasting a strong 8.00% cap rate and a net operating income (NOI) of $336,000, this single-story building offers significant potential. Constructed in 1967, the property sits on approximately 5.02 acres and features a 16-foot ceiling height, ideal for various industrial uses. The asking price is $4,200,000, translating to a land value of $19.21 per square foot. The property benefits from a highly desirable location in Sarasota, Manatee County, directly across from a newly constructed Amazon distribution center. Additional features include approximately 10% office space, industrial outdoor storage (IOS), and heavy manufacturing (HM) zoning. The floor area ratio (FAR) is 4.73%. This property is offered with a 30-month absolute NNN sale leaseback. The APN is 20047.0000-7. This is a rare opportunity to acquire a well-located, high-performing industrial asset with significant upside potential.

    Property profile
    Verified
    Property type Distribution centers
    Year built 1967
    Total area 10,350 SF
    APN 20047.0000-7
    UPID US18-4748845
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • APE Rentals (Bike/Boat/Book/etc) Store Rental Equipment Company
    • SMP MAINTENANCE LLC General Contractor
    • HB Windows Since 1974 Hardware & Home Improvement Interior Design
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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