Live/Work Property in Village
For Sale
$350,000
Pending
1019 10TH AVENUE W, Bradenton, FL 34205
Live/work property in Village of the Arts, Bradenton.
Property Size1,970 SF
Lot Size0.28 Acres
Days on Market271
Property Features for 1019 10TH AVENUE W
General Information
Standard status
Pending
Size
1,970 SF
Lot size
0.28 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,739
Amenities
Central air
Pool
Public Pool
Central Air Cooling
Hardwood Flooring
Building Details
Year Built
1920
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
ADAM LESTER · License #3404323
(941) 580-1655
Source:
Corcoran
Added: Dec 16, 2025
Changed: Sep 12
Last Checked: Sep 12 at 7:46AM
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 DALTON WADE INC
Investment Insights
Based on property information with market context.
This is a live/work property situated on two RB-3/VAOD commercial lots within Bradenton’s Village of the Arts. The property includes a home featuring multiple creative spaces, two full bathrooms, and one half bathroom. Additionally, there is a detached studio equipped with a half bathroom. This setup is suitable for various uses such as art studios, restaurants, offices, daycare centers, coffee shops, nail salons, or short-term rentals. The location is within walking distance of galleries, cafes, and restaurants. It is also less than 0.5 miles from LECOM Park, which has a seating capacity of 8,500 and hosts over 81 home games annually, contributing to a strong demand for short-term rentals. The property, sized at 1970 square feet, is located on two commercial lots that allow for up to 18 units. The property also features an oversized yard, bamboo, mangroves, garden lighting, and a koi pond. The property may qualify for up to $50,000 in CRA grant funds for property updates.
Key Highlights
- Rare live/work property on two commercial lots in Bradenton’s Village of the Arts.
- Detached studio with half bath suitable for various commercial uses.
- Located less than 0.5 miles to LECOM Park, driving strong short‑term rental demand.
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
$32,169
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
9.19%
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%
$643,380
$643.4K
Cap Rate 7%
$459,557
$459.6K
Cap Rate 9%
$357,433
$357.4K
Market Conditions
NOI Build-Up for 1,970 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
$45.4K $23.04/SF
− Vacancy
−$2.5K −$1.27/SF
EGI
$42.9K $21.77/SF
− OpEx
−$10.7K −$5.44/SF
NOI
$32.2K $16.33/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
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%
$643,380
Cap Rate 7%
$459,557
Cap Rate 9%
$357,433
Alternative Uses
Best Use
Mixed Use
$493.4K
$431.7K – $575.6K
NOI $34,537 @ 7.0% cap · market cap 9.87%
Second Best
Office B
$459.6K
$402.1K – $536.2K
NOI $32,169 @ 7.0% cap · market cap 9.19%
Theoretical Best
Office A
$579.3K
$506.9K – $675.9K
NOI $40,552 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Live-work space - Live/work property in Village of the Arts, Bradenton.
Where is this live-work space located?
The property is located at 1019 10TH AVENUE W Bradenton, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Rare live/work property on two commercial lots in Bradenton’s Village of the Arts.; Detached studio with half bath suitable for various commercial uses.; Located less than 0.5 miles to LECOM Park, driving strong short‑term rental demand.
