Downtown Bradenton Remodeled Office
1003 8th Avenue W, Bradenton, FL 34205
Pristine office building in rapidly expanding Downtown Bradenton urban district.
Type:OFC, OFC-MED, SCR, SPEC-OTH
Property size:
17,000 SFPrice / SF:
$211/SF- Added:
- May 16, 2024
- Days on Market:
- 745
- Last Refresh:
- Apr 3 at 4:54 am
Property Features for 1003 8th Avenue W
General Information
- Standard status
- Active
- Size
- 17,000 SF
- Property subtype
- OFC, OFC-MED, SCR, SPEC-OTH
Building Details
- Year Built
- 1969
Listing agent Ben Bakker (941) 285-6727
Listing office NDC Commercial Real Estate (941) 285-6727
Listing date May 16, 2024
Source Realnex
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 NDC Commercial Real Estate
HighLights
- Completely remodeled, high‑caliber office building in Downtown Bradenton.
- Flexible space: Wide‑open floor plan suitable for single or multiple tenants, or mixed‑use retail/office conversion.
- Top‑of‑the‑line data and internet wiring throughout the building.
- Each suite includes kitchen space and Men's/Women's restrooms.
- Abundant natural light throughout the building.
- Option for additional conference or contiguous space.
Overview
This high-caliber office building is located in the rapidly expanding Downtown Bradenton urban district. The building underwent a full remodel and features a wide-open floor plan. A main entrance provides prestige. Top-of-the-line data and internet wiring are installed throughout. Green building features are present, and access options to additional conference or contiguous space are available. The suites include natural light, kitchen space, and men's and women's restrooms. The entire 17,000 sq. ft. building could be leased or occupied by a single user or converted to mixed-use retail on the ground floor and office space on the second floor.
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 | $391.7k | $23.04 |
| − Vacancy | −$21.5k | −$1.27 |
| EGI | $370.1k | $21.77 |
| − OpEx | −$92.5k | −$5.44 |
| NOI | $277.6k | $16.33 |
17,000 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.97M
$3.47M – $4.63M
NOI $277,603 @ 7.0% cap · market cap 7.71%
Second Best
Retail
$2.99M
$2.61M – $3.48M
NOI $209,059 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$5.00M
$4.37M – $5.83M
NOI $349,942 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
WePellet
Medical Clinic
Global Impact Financial ...
Accounting Firm
Soothe Personalized Nutrition
(Bike/Boat/Book/etc) Store
Hyde Construction
General Contractor
Storytellers
Advertising Agency
Location Insight
- Map
- Local Demand
- City
- Bradenton
- County
- Manatee
- State
- Florida
- Longitude
- -82.5531095
- Latitude
- 27.4932345
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Pristine office building in rapidly expanding Downtown Bradenton urban district.
Where is this office building located?
The property is located at 1003 8th Avenue W Bradenton, FL.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Completely remodeled, high‑caliber office building in Downtown Bradenton.; Flexible space: Wide‑open floor plan suitable for single or multiple tenants, or mixed‑use retail/office conversion.; Top‑of‑the‑line data and internet wiring throughout the building.
