1960 21St StSarasota, FL 34234

Property Details for 1960 21St St

Year built

2001

Lot size

0.50 AC

Property size (Sq ft)

4,500 SF

Zone code

IGD

Property type

Warehouses

APN

2024-09-0073

APU

2024090073

Description

This exceptional single-tenant office and industrial property, located at 1960 21st St, Sarasota, FL 34234, offers 4,500 square feet of versatile space on a substantial 21,475-square-foot lot. Built in 2001, this Class B building features a single story design and is zoned IGD (Industrial General District). The property boasts approximately 800 square feet of dedicated office space, complemented by two bathrooms, an open reception area, and a convenient breakroom. The industrial component includes two grade-level roll-up doors, providing easy access for loading and unloading. The building's high ceilings measure 16 feet at the eaves and 18 feet at the center. A significant portion of the lot is paved, offering ample parking and outdoor storage options. The property benefits from robust electrical service, with 600 amps of three-phase power. The building is fully fenced, providing enhanced security. The asking price is $16.75 per square foot, NNN (Net, Net, Net), with estimated operating expenses of $3.50 per square foot. The Sarasota County APN is 2024090073. This property presents a unique opportunity for businesses seeking a combination of office and industrial space in a prime Sarasota location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,658,160

  6.5%

  $2,453,690

  7%

  $2,278,420

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,444,390

  Geo Method

  $1,314,940

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,259,190

  Mixed-Use / Specialty

  $1,255,440

  Hospitality / Lodging

  $922,051

  Office

  $1,248,760

  Institutional / Educational

  $1,305,420

  Residential Income

  $1,527,340

  Multifamily

  $1,827,670

  Automotive / Energy

  $1,118,930

  Parking / Income-Based Land

  $385,392

  Restaurant / Food Service

  $654,560

  Healthcare / Senior Housing

  $1,286,670

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3557

Longitude

-82.5317

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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