501 Interstate Ct, Sarasota, FL 34240-8929
- Manufacturing properties
- 9,000 SF
- 0.60 lot acres
Current Use by 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
Property Details for 501 Interstate Ct
- Year built
- 1986
- Lot size
- 0.60 lot acres
- Zone code
- ILW
- Property type
- Manufacturing properties
- APN
- 0216-05-0009
- APU
- 216050009
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 4, 2006 | $1,100,000 | 501 Associates LLC | Dan Rutkowski | Warranty Deed | $880k · Wachovia Bank NA |
| Oct 25, 2002 | $525,000 | Dan Rutkowski | Weaver,marvin & Leslie K | Grant Deed | $400k · Suntrust Bank NA |
Description
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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,730,000
- 6.5%
- $1,595,000
- 7%
- $1,485,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,587,000
- AI Estimate
- $1,319,000
Market price range: $1.59M - $2.82MMarket price range: $1.32M - $2.02M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $2,085,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Sarasota
- State
- Florida
- Longitude
- -82.4445
- Latitude
- 27.3322
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
