Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2328 72Nd Dr E Sarasota, FL 34243

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2328 72Nd Dr E Sarasota, FL 34243

    View on Map
    • Distribution centers
    • 7,519 SF
    For Sale
    $2,790,000
    View Listing →
    Modern Industrial Facility Investment Opportunity For Sale
    $2,790,000
    7,595 SF

    Modern Industrial Facility Investment Opportunity

    State-of-the-art industrial facility with long-term NNN lease.

    2328 72ND E DRIVE, Sarasota, FL 34243
    View Listing
    Property ID
    US18-2841993
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hazer USA / Auto Parts Store
    • Floridyne Engineering / Production Facility / Factory
    • Roland Numeric LLC / Industrial Manufacturer / Production Facility

    Property Details for 2328 72Nd Dr E

    Year built
    2021
    Property size
    7,519 SF
    Property type
    Distribution centers
    Property subtype
    Manufacturing properties
    APN
    1975931159

    Description

    This exceptional 7,519-square-foot Class A industrial property, built in 2021 and situated on a 0.5-acre lot in Sarasota, Florida (Manatee County), presents a remarkable investment opportunity. Located conveniently off US Hwy 301 and Whitfield Ave, just five minutes from Sarasota-Bradenton International Airport (SRQ), this single-story building boasts 24-foot ceilings, two loading docks with two dock-high doors, and substantial air rights (21,852 sq ft). The property features premium upgrades including three professionally designed office spaces, an additional restroom, two water fountains, 400-amp 3-phase electrical service, a dense grid of high-amperage ceiling drops, high-output LED lighting, premium compressed airline/couplers, a 300-gallon water treatment system, commercial-grade flooring, acoustic ceilings, and a fully integrated interior/exterior security system. Three 7.5-ton A/C units ensure climate control. The beautifully landscaped property includes Royal/Foxtail and Arica palm trees and offers a stunning lake view from the rear overhead door. All furniture and fixtures are included. The property is zoned HM. For an additional $1.5 million, a turnkey precision manufacturing business is available. The asking price for the real estate is $3,900,000. APN: 1975931159.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.5348352
    Latitude
    27.4110089

    Comparable in this City

    • Contact for pricing
      7,595 SF

      Modern Industrial Facility Investment Opportunity

      State-of-the-art industrial facility with long-term NNN lease.
      2328 72Nd Dr E, Sarasota, FL 34243
      View Details
    • $1,125,000
      4,100 SF

      Industrial Warehouse with Office Space

      Versatile warehouse with office, yard space, and convenient location.
      2311 Whitfield Industrial Way, Sarasota, FL 34243
      View Details
    • $5,950,000
      40,496 SF

      Sarasota Industrial Property with Outside Storage

      Multi-building industrial property with heavy power and outside storage.
      1227 Hardin Ave, Sarasota, FL 34243
      View Details
    • Contact for pricing
      18,000 SF

      Sarasota Industrial Asset For Sale

      18,000 sqft industrial asset with light manufacturing zoning.
      1909 Whitfield Park Loop, Sarasota, FL 34243
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,595 SF

      Modern Industrial Facility Investment Opportunity

      State-of-the-art industrial facility with long-term NNN lease.
      2328 72Nd Dr E, Sarasota, FL 34243
      View Details
    • $1,125,000
      4,100 SF

      Industrial Warehouse with Office Space

      Versatile warehouse with office, yard space, and convenient location.
      2311 Whitfield Industrial Way, Sarasota, FL 34243
      View Details
    • $5,950,000
      40,496 SF

      Sarasota Industrial Property with Outside Storage

      Multi-building industrial property with heavy power and outside storage.
      1227 Hardin Ave, Sarasota, FL 34243
      View Details
    • Contact for pricing
      18,000 SF

      Sarasota Industrial Asset For Sale

      18,000 sqft industrial asset with light manufacturing zoning.
      1909 Whitfield Park Loop, Sarasota, FL 34243
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      118,500 SF

      Sarasota Manufacturing Facility for Lease

      Modern manufacturing facility with flexible leasing options and strategic location.
      2150 Whitfield Ave, Sarasota, FL 34243
      View Details
    • Contact for pricing

      Class A Warehouse Sublease Opportunity

      Move-in ready warehouse with offices, conference room, and dock doors.
      7245 16Th St E, Sarasota, FL 34243
      View Details
    • $13 SF/Yr

      Adaptable Flex Space For Rent

      Versatile flex space with high-ceiling warehouse, ideal for business operations.
      6618 26Th Ct E, Sarasota, FL 34243
      View Details
    • $16 SF/Yr
      14,400 SF

      Sarasota Warehouse Space Available

      Spacious warehouse in Sarasota, ideal for storage and distribution.
      1657-1685 W University Pkwy, Sarasota, FL 34243
      View Details
    • $15 SF/Yr
      2,500 SF

      Warehouse Units Near US-301

      Four 2,500 SF warehouse units for lease near US-301.
      1960 Whitfield Park Ave, Sarasota, FL 34243
      View Details
    • Contact for pricing
      9,200 SF

      Sarasota Industrial/Flex Building For Lease

      9,200 SF industrial/flex building on 3.1-acre lot for lease.
      7555 Commerce Ct, Sarasota, FL 34243
      View Details
    View Listing
    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.
    2328 72Nd Dr E
    Sarasota, FL 34243
    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

    2328 72Nd Dr E, 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!