Flex Space with Warehouse and
For Sale
$2,000,000
2953 63RD Avenue E, Bradenton, FL 34203
Commercial Sale, BRADENTON, FL
Property Size13,698 SF
Lot Size0.98 Acres
Price / SF$146.01
Days on Market156
Property Features for 2953 63RD Avenue E
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LM
Window features
Blinds, Double Pane Windows
Subdivision
ONECO PARK
Lot features
Central Business District, Industrial Park, Near Public Transit, Paved
Directions
If you are driving South on US Highway New 301 from Bradenton towards Sarasota you will take a Left on 63rd Ave E. 2953 will be on your left.
Standard status
Active
APN
18726-1000-9
Lot size
0.98 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
BEG AT THE SE COR OF LOT 9, HENSON INDUSTRIAL PARK, SD PT ALSO BEING ON THE W R/W LN OF 31ST ST E; TH S 00 DEG 03 MIN 27 SEC E ALG THE W R/W LN OF SD 31ST ST E, 308.00 FT TO INTERSECT WITH THE N R/W LN OF 63RD AVE E; TH N 89 DEG 43 MIN 16 SEC W, ALG THE N R/W LN OF SD 63RD AVE E, 153.77 FT FOR A POB; TH CONT N 89 DEG 43 MIN 16 S EC W, ALG SD N R/W, 153.77 FT;
Tax Annual Amount
16732
Legal Description
BEG AT THE SE COR OF LOT 9, HENSON INDUSTRIAL PARK, SD PT ALSO BEING ON THE W R/W LN OF 31ST ST E; TH S 00 DEG 03 MIN 27 SEC E ALG THE W R/W LN OF SD 31ST ST E, 308.00 FT TO INTERSECT WITH THE N R/W LN OF 63RD AVE E; TH N 89 DEG 43 MIN 16 SEC W, ALG THE N R/W LN OF SD 63RD AVE E, 153.77 FT FOR A POB; TH CONT N 89 DEG 43 MIN 16 S EC W, ALG SD N R/W, 153.77 FT;
Utilities
Utilities
Phone Available
Sewer type
Septic Needed
Cooling system
Central Air
Water source
Well, Public
Amenities
Mature Landscaping
Building Details
Year built
1989
Floors in Building
1
Flooring type
Concrete, Tile - Ceramic, Carpet
Building materials
Metal Frame, Metal Siding
Listing Agency:
CENTURY 21 ROSEBAY
(941) 366-7673
Listed By:
Michelle Jones · License #3344811
(941) 720-1996
Added: Mar 19
Changed: Aug 20
Last Checked: Aug 21 at 2:06AM
MLS# A4687023
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This LM-zoned flex property combines approximately 12,000 square feet of warehouse area with approximately 1,700 square feet of office space, totaling 13,698 square feet on 0.98 acres. The 1989 building uses metal-frame construction with metal siding and includes concrete, carpet, and ceramic tile flooring. Office areas have been refreshed with new carpet and paint, while the property also features double-pane exterior windows, two bathrooms, and 11 air-conditioning units totaling 55 tons.
Electrical capacity includes 900 amps of three-phase 480-volt service and 400 amps of 120/240-volt service. The roof is 10 years old, and the building was constructed one foot above the applicable code at the time. The property is outside a flood zone and is located near 63rd Avenue E and New 301, within minutes of Sarasota/Bradenton Airport. Water sources include well and public service; septic is needed.
Electrical capacity includes 900 amps of three-phase 480-volt service and 400 amps of 120/240-volt service. The roof is 10 years old, and the building was constructed one foot above the applicable code at the time. The property is outside a flood zone and is located near 63rd Avenue E and New 301, within minutes of Sarasota/Bradenton Airport. Water sources include well and public service; septic is needed.
Key Highlights
- 13,698‑square‑foot flex property on 0.98 acres
- Approximately 12,000 SF of warehouse space plus approximately 1,700 SF of offices
- 900 amps of 3 phase 480 Volt and 400 amps of 120/240 volt electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$139,932
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,798,640
$2.8M
Cap Rate 7%
$1,999,029
$2.0M
Cap Rate 9%
$1,554,800
$1.6M
Market Conditions
NOI Build-Up for 13,698 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$171.0K $12.48/SF
− Vacancy
−$6.3K −$0.46/SF
EGI
$164.6K $12.02/SF
− OpEx
−$24.7K −$1.80/SF
NOI
$139.9K $10.22/SF
Area
Manatee County, FL
Vacancy
3.70%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,798,640
Cap Rate 7%
$1,999,029
Cap Rate 9%
$1,554,800
Alternative Uses
Best Use
Office B
$3.20M
$2.80M – $3.73M
NOI $223,683 @ 7.0% cap · market cap 11.18%
Second Best
Warehouse
$2.00M
$1.75M – $2.33M
NOI $139,932 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$4.03M
$3.52M – $4.70M
NOI $281,971 @ 7.0% cap · market cap 14.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34203, FL
39,853
Population
20,709
Households
1.9
Avg Household Size
48
Median Age
26%
College-Educated
87%
High-School Grad
15.5 sq mi
ZIP Area
2,571
Density / Sq Mi
$68,030
Median Household Income
$39,829
Median Earnings
$1,437
Median Rent
$302,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial property with substantial warehouse capacity, finished office areas, upgraded finishes, and high-capacity three-phase electrical service.
Where is this flex space located?
The property is located at 2953 63RD Avenue E Bradenton, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 13,698‑square‑foot flex property on 0.98 acres; Approximately 12,000 SF of warehouse space plus approximately 1,700 SF of offices; 900 amps of 3 phase 480 Volt and 400 amps of 120/240 volt electrical service
