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Property profile & analytics
OFF-MARKET
Manufacturing properties

7188 15Th St Sarasota, FL 34243

32,790 SF Built 1968
Entity Owned 2-yr Hold
Property ID
US18-8336470
Property summary
AI-generated overview

This exceptional 32,790-square-foot manufacturing facility, located at 7188 15th St E in Sarasota, Florida (34243), is offered for sale at $4,500,000. The property, situated on a 56,267-square-foot lot (APN 6631100959), is part of the Newcraft Business Park and is zoned LM (Light Manufacturing). Built in 1968 and renovated in 2015, this single-story building boasts a 28-foot ceiling height. The interior comprises approximately 27,174 square feet of open space, 5,617 square feet of finished space including retail, lobby, reception, and office areas, and 1,314 square feet of partially finished mezzanine space. The building features 100% HVAC, insulation, and fire sprinklers. Currently leased to Evo Gymnastics, a long-term tenant with excellent credit, this property presents a strong investment opportunity. The sale is a Net Net Net (NNN) lease, and the property is offered as a single tenancy. The price per square foot is $137.24. This property is a condominium subject to the Declaration, Other Easements, and Restrictions of the Newcraft Business Park. The property's location in Manatee County, Florida provides easy access to major transportation routes and amenities. This is a rare opportunity to acquire a well-maintained, strategically located industrial property with a strong tenant in place.

Property profile
Verified
Property type Manufacturing properties
Year built 1968
Total area 32,790 SF
APN 6631100959
UPID US18-8336470
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
  • Evo Athletic Foundation Gymnastics Booster Association Or Organization
  • EVO Gymnastics Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
2lobsters LLC · 2 yrs held
2lobsters LLC
since 2023
3 recorded transactions
2023
Price N/A
2021
Price N/A
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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