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Property profile & analytics
OFF-MARKET Estimated value $1,275,000
Manufacturing properties

2215 Industrial Blvd Sarasota, FL 34234-3119

9,599 SF 1.15 ac lot Built 1975
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US18-4653619
Property summary
AI-generated overview

This exceptional freestanding warehouse, ideally situated near University and US-301, offers 9,875 square feet of versatile space on a spacious 50,252 square foot lot. Built in 1975, this single-story building features a 15-foot ceiling height, perfect for various industrial uses. Three 10x10 overhead drive-in doors provide convenient access for loading and unloading. The property is zoned ILW - INDUSTRIAL LIGHT & WAREHOUSING (APN: 0023110016). The warehouse is complemented by a well-appointed air-conditioned office area, totaling approximately 1,200 square feet. This office space includes a reception area, six private offices, a conference room with double doors, a training room, a breakroom, and separate men's and women's restrooms. The ample yard space offers significant potential for outdoor storage or operations. This property presents a unique opportunity for businesses seeking a functional and well-equipped warehouse with convenient access to major roadways and a substantial outdoor area. The single-tenant occupancy ensures privacy and control. This is a rare find in this desirable location.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1975
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,599 SF
Lot 1.15 ac (50,252 SF)
Zoning code ILW
APN 0023-11-0016
UPID US18-4653619
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
  • Cheltec Inc. Chemical Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.28M
CAP Approach CAP
$1.71M
Comparable Approach Comparable
$1.65M
Blend (final) Blend
$1.28M
Owner & transaction history
The Hourglass Group LLC · 2 yrs held
The Hourglass Group LLC
since 2024
Last sale
$1.3M
3 recorded transactions
2024
$1.3M
2015
$375,000
1998
$274,000
Zoning & alternative use
ILW · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The intent and purpose of the ILW district is to permit light manufacturing, processing, storage and warehousing, wholesaling and distribution and to facilitate the proper development and use

Zone name Industrial Light Warehousing
General category INDUSTRIAL
Zone area 66.55 ac
Source Realmo
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