Historic Live-Work
For Sale
$322,000
Pending
1006 11TH W, Bradenton, FL 34205
BR_T4-R zoning supports combined residential and commercial use in a character-rich bungalow setting.
Property Size1,042 SF
Days on Market10
Property Features for 1006 11TH W
General Information
Standard status
Pending
Size
1,042 SF
Property subtype
Commercial
Zoning
BR_T4-R
Taxes and HOA fees
Annual Taxes
$4,776
Building Details
Building Size
1,042 SF
Year Built
1935
Buildings
2
Listing Agency:
Coastal Properties Group International, LLC
(727) 657-9898
Listed By:
Jo Walker · License #3215735
(727) 657-9898
Source:
Elliman
Added: Aug 18
Changed: Aug 24
Last Checked: Aug 19 at 3:11AM
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 Coastal Properties Group International, LLC
Investment Insights
Based on property information with market context.
Built in 1935, this early-20th-century bungalow combines residential accommodations with features suited to creative or office use. The interior includes original hardwood floors, built-in wood furnishings, wood-framed windows, a fireplace, an open kitchen and dining area, two bedrooms, and an updated full bathroom. A covered screened porch extends from the rear, while the fenced yard contains mature trees, planted areas, and a stone-edged pond.
A detached 8' x 15' structure adds dedicated workspace and includes electricity and its own A/C unit. The building has previously served local artists as a studio, workshop, or office. BR_T4-R zoning permits residential and commercial use. The property is located at 1006 11TH W in Bradenton’s Village of the Arts, a few blocks south of downtown and within walking distance of LECOM Park. WalkScore is 64, BikeScore is 46, and transitScore is 35.
A detached 8' x 15' structure adds dedicated workspace and includes electricity and its own A/C unit. The building has previously served local artists as a studio, workshop, or office. BR_T4-R zoning permits residential and commercial use. The property is located at 1006 11TH W in Bradenton’s Village of the Arts, a few blocks south of downtown and within walking distance of LECOM Park. WalkScore is 64, BikeScore is 46, and transitScore is 35.
Key Highlights
- BR_T4‑R zoning allows residential and commercial use
- 1935 bungalow with original hardwood floors and built‑in wood furnishings
- Detached 8' x 15' workspace 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
Current Use
Location Intelligence
Trade Area within ½ mile
2,481
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
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Frequently Asked Questions
What type of property is this?
Live-work space - BR_T4-R zoning supports combined residential and commercial use in a character-rich bungalow setting.
Where is this live-work space located?
The property is located at 1006 11TH 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: BR_T4‑R zoning allows residential and commercial use; 1935 bungalow with original hardwood floors and built‑in wood furnishings; Detached 8' x 15' workspace with electricity and its own A/C unit
