4580 Ashton Rd Sarasota, FL 34233-3497
- Warehouses
- 12,782 SF
- 1.95 lot acres
Current Use by Public Records
- Steven Bramley Construction LLC / General Contractor
Property Details for 4580 Ashton Rd
- Year built
- 1971
- Lot size
- 1.95 lot acres
- Property size
- 12,782 SF
- Zone code
- ILW
- Property type
- Warehouses
- APN
- 0092-04-0002
- APU
- 92040002
Description
This exceptional investment opportunity presents a 12,782-square-foot warehouse situated on an expansive 85,054-square-foot lot in Sarasota, Florida. The property boasts a strong 4.55% cap rate and a substantial net operating income (NOI) of $190,899. Currently under a triple-net (NNN) lease with a credit-rated tenant, SCP (PoolCorp), this single-tenant property offers significant stability and predictable cash flow. The tenant, a leading global distributor of swimming pool supplies and equipment, occupies the entire building. The property is zoned ILW, providing flexibility for future development or expansion. With a price per square foot of $328.20 and an asking price of $4,195,000, this warehouse represents a compelling investment in a thriving market. The substantial lot size offers considerable potential for future development or expansion. This is a rare opportunity to acquire a high-quality, income-producing industrial asset with a long-term, creditworthy tenant. The property's location in Sarasota, Florida, provides access to a robust regional economy and a growing population. This is an ideal investment for those seeking a stable, high-yield asset with significant upside potential.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $640,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $990,000
Market price range: $702k - $1.48M
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Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Sarasota
- State
- Florida
- Longitude
- -82.4787
- Latitude
- 27.276
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA