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    Private Bathroom Office Suite Title is generated by Realmo AI

    102-2501 Gulf Dr N, Bradenton Beach, FL 34217

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    For Sale
    $325,000

    Tenant-occupied condo office suite with a private bathroom, tile floors, and reserved parking in front of the building.

    Property size:
    416 SF
    Price / SF:
    $781/SF
    Added:
    Jun 22, 2025
    Days on Market:
    349
    Last Refresh:
    Jun 3 at 1:44 am

    Property Features for 102-2501 Gulf Dr N

    General Information

    Standard status
    Active
    Size
    416 SF

    We can help!

    Listing Contact
    Jen Bowman

    Listing agent Jen Bowman License #3559785

    Listing office KELLER WILLIAMS ON THE WATER

    Listing date Jun 22, 2025

    Source Exprealty

    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 KELLER WILLIAMS ON THE WATER

    HighLights

    • Office condo suite Unit 102 offers 416 SF and includes a full private bathroom
    • Tile floors throughout the suite
    • Island Plaze condo association includes 8 units total (4 commercial on ground level, 4 residential/vacation rentals upstairs)
    • Unit parking: 2 reserved parking spaces per unit in front of the building
    • Mixed‑use building: other commercial tenants include a hair salon, real estate office, and a flower shop
    • Tenant‑occupied and ready for appointment to view

    Overview

    This for-sale office suite is located in Island Plaze, a condo association with eight total units. The space includes tile floors throughout and features a full private bathroom, providing a clean, self-contained setup for professional use. Unit 102 offers a compact, efficient footprint and is currently tenant occupied.

    Island Plaze has a mixed-use configuration, with four commercial spaces on the ground level and four residential or vacation rentals upstairs. Each commercial unit is supported by two reserved parking spaces located in front of the building. Additional tenants in the commercial portion include a hair salon, real estate office, and a flower shop, creating an active mix of neighborhood-oriented services.

    For buyers and business operators seeking a manageable office environment on Anna Maria Island, this suite offers straightforward, ready-to-occupy space with dedicated parking. The building’s established owner-occupied/tenant-occupied structure and existing on-site commercial tenant mix may appeal to office users who value day-to-day foot traffic from surrounding service businesses. Schedule an appointment to view Unit 102.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton Beach
    County
    Manatee
    State
    Florida
    Longitude
    -82.6990981
    Latitude
    27.466299

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    FAQs

    What type of property is this?
    Office units - Tenant-occupied condo office suite with a private bathroom, tile floors, and reserved parking in front of the building.
    Where is this office units located?
    The property is located at 102-2501 Gulf Dr N Bradenton Beach, FL.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Office condo suite Unit 102 offers 416 SF and includes a full private bathroom; Tile floors throughout the suite; Island Plaze condo association includes 8 units total (4 commercial on ground level, 4 residential/vacation rentals upstairs)
    (941) 840-0117
    We can help!
    Listing Contact
    Jen Bowman
    Real Estate License ID: 3559785
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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