Historic Live-Work
For Sale
$322,000
1006 11TH Avenue W, Bradenton, FL 34205
Commercial Sale, BRADENTON, FL
Property Size1,042 SF
Lot Size0.17 Acres
Price / SF$309.02
Days on Market325
Property Features for 1006 11TH Avenue W
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R3B/VAOD
Security features
Security System
Window features
Wood Frames, Blinds, Window Treatments, Drapes
Pets allowed
Yes
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Subdivision
J H HUMPHRIES
Lot features
Sidewalk
Directions
From 41N, turn West on 11th Ave W to address on right. From 41S, turn East on the 11th Ave W to address on left.
Standard status
Active
APN
4351400009
Size
1,042 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 1 J H HUMPHRIES SUB PI#43514.0000/9
Tax Annual Amount
4776
Legal Description
LOT 1 J H HUMPHRIES SUB PI#43514.0000/9
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1935
Floors in Building
1
Flooring type
Tile
Building materials
Frame
Roof type
Shingle
Additional Structures
Workshop
Listing Agency:
COASTAL PROPERTIES GROUP INTERNATIONAL
(727) 493-1555
Listed By:
Jo Walker · License #3215735
(727) 657-9898
Added: Oct 7, 2025
Changed: Aug 27
Last Checked: Aug 27 at 7:06PM
MLS# TB8435700
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 1935, this 1,042-square-foot bungalow combines period character with practical updates. Original hardwood floors, built-in wood features, wood-framed windows, a wood-burning fireplace, and an art-focused lighting setup define the interior. The kitchen opens to the dining room and includes granite counters, gas cooking, a refrigerator, dishwasher, and microwave. Two bedrooms, an updated full bathroom, and a laundry area with full-size washer and dryer complete the main residence.
A covered screened porch extends from the rear, while the 0.17-acre parcel includes a fenced garden with mature oak, kapok, and bamboo trees, mature landscaping, and a stone-edged pond. A separate 8' x 15' building has electricity and its own A/C unit and has served as an art studio, workshop, and office. The property is in Bradenton's Village of the Arts, a few blocks south of downtown and within walking distance of LECOM Park. Public water and sewer serve the property, and the home has passed a 4 point inspection.
A covered screened porch extends from the rear, while the 0.17-acre parcel includes a fenced garden with mature oak, kapok, and bamboo trees, mature landscaping, and a stone-edged pond. A separate 8' x 15' building has electricity and its own A/C unit and has served as an art studio, workshop, and office. The property is in Bradenton's Village of the Arts, a few blocks south of downtown and within walking distance of LECOM Park. Public water and sewer serve the property, and the home has passed a 4 point inspection.
Key Highlights
- 1,042 square feet on a 0.17‑acre parcel
- 1935 bungalow with original hardwood floors and built‑in wood features
- Separate 8' x 15' studio with electricity and its own A/C unit
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
$18,268
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
5.67%
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%
$365,360
$365.4K
Cap Rate 7%
$260,971
$261.0K
Cap Rate 9%
$202,978
$203.0K
Market Conditions
NOI Build-Up for 1,042 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
$31.3K $30.00/SF
− Vacancy
−$2.0K −$1.95/SF
EGI
$29.2K $28.05/SF
− OpEx
−$11.0K −$10.52/SF
NOI
$18.3K $17.53/SF
Area
Manatee County, FL
Vacancy
6.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
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%
$365,360
Cap Rate 7%
$260,971
Cap Rate 9%
$202,978
Alternative Uses
Best Use
Mixed Use
$261.0K
$228.4K – $304.5K
NOI $18,268 @ 7.0% cap · market cap 5.67%
Second Best
Office B
$243.1K
$212.7K – $283.6K
NOI $17,015 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$306.4K
$268.1K – $357.5K
NOI $21,449 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,627
Businesses Nearby
Explore this area
Business Placement
Demographics for 34205, FL
33,789
Population
16,610
Households
2
Avg Household Size
44
Median Age
24%
College-Educated
87%
High-School Grad
6.5 sq mi
ZIP Area
5,198
Density / Sq Mi
$51,170
Median Household Income
$37,037
Median Earnings
$1,323
Median Rent
$236,900
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.
Frequently Asked Questions
What type of property is this?
Live-work space - A separate conditioned studio adds dedicated space for art, workshop, or office use.
Where is this live-work space located?
The property is located at 1006 11TH Avenue W Bradenton, FL.
What is the asking price?
The asking price for this property is $322,000.
What are key features of this property?
This property features: 1,042 square feet on a 0.17‑acre parcel; 1935 bungalow with original hardwood floors and built‑in wood features; Separate 8' x 15' studio with electricity and its own A/C unit
