Freestanding Retail Building with Overhead
For Sale
$2,200,000
718 60TH STREET Court E, Bradenton, FL 34208
Commercial Sale, BRADENTON, FL
Property Size6,450 SF
Lot Size0.61 Acres
Price / SF$341.09
Days on Market21
Property Features for 718 60TH STREET Court E
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
GC
Subdivision
INTERSTATE BUS PARK PH I
Lot features
Paved
Directions
From I-75, take SR 64 exit going west. At 60th St Ct E/Cypress Blvd light, turn left onto 60th St Ct E. Property is the third building on the right.
Standard status
Active
APN
1122510359
Size
6,450 SF
Lot size
0.61 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 6 INTERSTATE BUSINESS PARK PHASE I, PI#11225.1035/9
Tax Annual Amount
11757
Legal Description
LOT 6 INTERSTATE BUSINESS PARK PHASE I, PI#11225.1035/9
Utilities
Cooling system
Central Air
Amenities
three 12 ft overhead doors
220 power available
Building Details
Year built
2007
Floors in Building
1
Building materials
Block, Stucco
Roof type
Shake
Listing Agency:
WAGNER REALTY
(941) 727-2800
Listed By:
David Fletcher
(941) 720-7575
Added: Aug 4
Changed: Aug 21
Last Checked: Aug 24 at 5:06AM
MLS# A4701190
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.
Built in 2007, this freestanding retail property contains 6450 square feet on a 0.61-acre lot. The building features block and stucco construction, shake roofing, central air, PGT windows and doors, and hurricane-resistant E-Wall construction. Three 12 ft overhead doors and 220 power are available for operational flexibility.
A tenant is in place under a 10 year lease with 9 years remaining, along with Two 5-year options. The property is zoned GC and sits just off SR 64, approximately .5 mile from Interstate 75. Its retail configuration, overhead access, and highway proximity provide a practical commercial setting for ongoing occupancy.
A tenant is in place under a 10 year lease with 9 years remaining, along with Two 5-year options. The property is zoned GC and sits just off SR 64, approximately .5 mile from Interstate 75. Its retail configuration, overhead access, and highway proximity provide a practical commercial setting for ongoing occupancy.
Key Highlights
- 6450 square feet on a 0.61‑acre lot
- Tenant in place under a 10 year lease with 9 years remaining
- Two 5‑year options accompany the lease
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
$79,320
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
3.61%
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%
$1,586,400
$1.6M
Cap Rate 7%
$1,133,143
$1.1M
Cap Rate 9%
$881,333
$881.3K
Market Conditions
NOI Build-Up for 6,450 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
$116.1K $18.00/SF
− Vacancy
−$2.8K −$0.43/SF
EGI
$113.3K $17.57/SF
− OpEx
−$34.0K −$5.27/SF
NOI
$79.3K $12.30/SF
Area
Manatee County, FL
Vacancy
2.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,586,400
Cap Rate 7%
$1,133,143
Cap Rate 9%
$881,333
Alternative Uses
Best Use
Retail
$1.13M
$991.5K – $1.32M
NOI $79,320 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,772 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
504
Businesses Nearby
316k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 31%
Dining 29%
Shops & Services 22%
Home Improvements & Furnishings 17%
Walmart
Superstores
98,569 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
54,468 visits/mo
0.2 miles
McDonald's
Dining
29,837 visits/mo
0.5 miles
Shell
Shops & Services
25,456 visits/mo
0.4 miles
Starbucks
Dining
17,251 visits/mo
0.4 miles
Demographics for 34208, FL
38,522
Population
17,056
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
80%
High-School Grad
16.5 sq mi
ZIP Area
2,335
Density / Sq Mi
$59,899
Median Household Income
$37,489
Median Earnings
$1,409
Median Rent
$303,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - GC-zoned commercial property with central air and an established 10-year lease.
Where is this retail space located?
The property is located at 718 60TH STREET Court E Bradenton, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 6450 square feet on a 0.61‑acre lot; Tenant in place under a 10 year lease with 9 years remaining; Two 5‑year options accompany the lease
