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Property profile & analytics
FOR SALE
Flex space

7575 Commerce Ct Sarasota, FL 34243

40,017 SF 3.2 ac lot Built 1989
Entity Owned 28-yr Hold Absentee Owner Free & Clear
Property ID
US18-3132057
Property summary
AI-generated overview

This exceptional Sarasota property offers 44,164 square feet of versatile industrial space, perfectly suited for a variety of commercial uses. The property boasts two buildings, each situated on a 1.49-acre lot, with an additional 1.49 acres of adjacent land available for purchase, providing ample room for expansion or future development. Built in 1989, this concrete block structure features extensive office space, including conference rooms and essential facilities. The flexible layout allows for the option of occupying the entire building or utilizing two separate units. Located in Manatee County, Florida, with the address 7575 Commerce Ct, Sarasota, FL 34243, this property enjoys excellent visibility and convenient access to major highways US 301 and I-75, providing seamless connectivity to Sarasota-Bradenton International Airport and downtown Sarasota. The property is zoned PD-I, accommodating a wide range of commercial activities, including office, retail, light and heavy industrial, and research and development. Amenities include air conditioning, high-speed internet, climate control systems, and energy-efficient lighting. Ample parking is available, and the well-maintained landscaping enhances the professional appeal. This property presents a significant investment opportunity in a thriving commercial market, offering both immediate functionality and substantial long-term growth potential. The asking price is $11,420,000.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1989
Construction CONCRETE
Total area 40,017 SF
Lot 3.2 ac (139,436 SF)
Zoning code PD-I
APN 66510.0086-8
UPID US18-3132057
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
  • Hydrogel Industrial Manufacturer Production Facility
  • Extreme H2O Contact Lenses Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.18M
Comparable Approach Comparable
$5.29M
Blend (final) Blend
$4.79M
Owner & transaction history
Becton Dickinson Acutecare INC · 28 yrs held
Becton Dickinson Acutecare INC
since 1997
3 recorded transactions
2018
Price N/A
1997
$1.4M
1969
Price N/A
Zoning & alternative use
PD-I · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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