501 Interstate Ct Sarasota, FL 34240-8929
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.
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Sash and Sill Hardware & Home Improvement Interior Design
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Hill York Air Conditioning Services and Energy Solutions HVAC Service General Contractor
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Robby's Designs (Bike/Boat/Book/etc) Store Home Decor Store
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
ILW · Sarasota, FLThe 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
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.