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2229 Whitfield Park Dr 14,400 SF Industrial Building Sarasota, FL 34243 $2,980,000 ($206.94/SF) 3.83% Cap Rate
Investment Highlights
- Excellent condition and location to highway and roads
- Multiple uses including industrial, warehouse and offices
- Fully leased
Executive Summary
Building on large lot with two tenants; one occupies 4400sq ft the other 10,000sq feet. They could remain or terminated with 120 day notice. The larger unit is occupied has 4 offices, a showroom-meeting room, a clean room area (1000sq ft), warehouse area with Phase III power, lunch room loading entrance. Four bathrooms included. The second unit is currently occupied with a granite cutting provider with Phase III power. The building is considered in excellent condition with many upgrades. It needs nothing.
Both tenants paying below market rent but are perfect payers. They wish to continue with their leases.
Both tenants paying below market rent but are perfect payers. They wish to continue with their leases.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,980,000 | Rentable Building Area | 14,400 SF |
| Price Per SF | $206.94 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1979 |
| Cap Rate | 3.83% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.69/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 20’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 0.86 AC | ||
| Zoning | LM - Light Manufacturing - Manatee County | ||
| Price | $2,980,000 |
| Price Per SF | $206.94 |
| Sale Type | Investment or Owner User |
| Cap Rate | 3.83% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.86 AC |
| Rentable Building Area | 14,400 SF |
| No. Stories | 1 |
| Year Built | 1979 |
| Tenancy | Single |
| Parking Ratio | 0.69/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | LM - Light Manufacturing - Manatee County |
Utilities
- Lighting
- Sewer
- Heating
Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 18683-0500-9 | Total Assessment | $1,417,197 (2025) |
| Land Assessment | $270,406 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,146,791 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
18683-0500-9
Land Assessment
$270,406 (2025)
Improvements Assessment
$1,146,791 (2025)
Total Assessment
$1,417,197 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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2229 Whitfield Park Dr