Corner Retail/Office
1003 1st Street East Bradenton, FL 34208
1003 1st Street East, Bradenton, FL, 34208
$695,000
For Sale
$695,000
Corner retail/office building with frontage on Tamiami Trail and parking off 10th Avenue East.
Property Size1,316 SF
Price / SF$528.12
Days on Market137
Property Features for 1003 1st Street East
General Information
- Standard status
- Active
- Size
- 1,316 SF
- Property subtype
- Office
Building Details
- Year Built
- 2017
Listing agency
SVN | Commercial Advisory Group Sarasota
(941) 374-9657
Listed by
Tony Veldkamp, CCIM · License #FL #BK576074
(941) 374-9657
Source
Svn
Added: Mar 7 Updated: Jul 21 at 2:32PM Checked: Jul 21 at 2:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Commercial Advisory Group Sarasota
Investment Insights
Based on property information with market context.
This 1,316 +/- square foot retail/office building is situated on a corner lot with frontage on Tamiami Trail/US 41 in Bradenton, Florida. The property offers easy accessibility and ample parking off of 10th Avenue East.
Tamiami Trail is described as one of the busiest corridors in Bradenton, with a traffic count of 65,500 vehicles per day. The site is located just south of the downtown core, surrounded by numerous businesses and employment centers.
Additional properties are available as part of an assemblage to reach a total of 0.7+ acres.
Tamiami Trail is described as one of the busiest corridors in Bradenton, with a traffic count of 65,500 vehicles per day. The site is located just south of the downtown core, surrounded by numerous businesses and employment centers.
Additional properties are available as part of an assemblage to reach a total of 0.7+ acres.
Key Highlights
- 1,316 +/- SF retail/office building built in 2017
- Corner lot with frontage on Tamiami Trail / US 41 in Bradenton, FL
- Tamiami Trail traffic count of 65,500 vehicles per day
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.3k | $23.04 |
| − Vacancy | −$1.7k | −$1.27 |
| EGI | $28.7k | $21.77 |
| − OpEx | −$7.2k | −$5.44 |
| NOI | $21.5k | $16.33 |
1,316 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$307.0K
$268.6K – $358.2K
NOI $21,490 @ 7.0% cap · market cap 3.09%
Second Best
Retail
$231.2K
$202.3K – $269.7K
NOI $16,184 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$387.0K
$338.6K – $451.5K
NOI $27,090 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Corner retail/office building with frontage on Tamiami Trail and parking off 10th Avenue East.
Where is this office building located?
The property is located at 1003 1st Street East Bradenton, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 1,316 +/- SF retail/office building built in 2017; Corner lot with frontage on Tamiami Trail / US 41 in Bradenton, FL; Tamiami Trail traffic count of 65,500 vehicles per day
