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Property profile & analytics
OFF-MARKET Estimated value $1,400,000
Manufacturing properties

501 Interstate Ct Sarasota, FL 34240-8929

9,000 SF 0.6 ac lot Built 1986
Entity Owned 20-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-0209277
Property summary
AI-generated overview

This exceptional freestanding industrial building, located at 501 Interstate Court in Sarasota, Florida, presents a unique investment opportunity. Boasting a total of 9,000 square feet, the property is ideally suited for a variety of uses thanks to its flexible layout and ILW zoning (Industrial Light and Warehousing). Currently configured as two separate units—one 4,000 square feet and the other 5,000 square feet—this allows for diverse occupancy options, whether owner-occupancy or leasing to multiple tenants. The building features eleven offices, a conference room, and a break room, providing ample space for administrative functions. One bay boasts a generous 16-foot ceiling height, ideal for storage or light manufacturing. Ample parking is available with twenty spaces provided on-site. The property is situated in Sarasota County, Florida, with the address being 501 Interstate Ct, Sarasota, FL 34240. The building benefits from 200 Amps of three-phase power, ensuring sufficient electrical capacity for most business needs. The asking price for this well-maintained property is $1,935,000. The APN is 0216050009. This is a rare opportunity to acquire a versatile and well-equipped industrial property in a thriving Sarasota location.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1986
Total area 9,000 SF
Lot 0.6 ac (26,268 SF)
Zoning code ILW
APN 0216-05-0009
UPID US18-0209277
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
  • Sash and Sill Hardware & Home Improvement Interior Design
  • Hill York Air Conditioning Services and Energy Solutions HVAC Service General Contractor
  • Robby's Designs (Bike/Boat/Book/etc) Store Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.60M
Comparable Approach Comparable
$1.59M
Blend (final) Blend
$1.40M
Owner & transaction history
501 Associates LLC · 20 yrs held
501 Associates LLC
since 2006
Last sale
$1.3M
2 recorded transactions
2006
$1.1M
2002
$525,000
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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