Office Unit with Private
For Sale
$270,000
102-5245 Office Park Blvd, Bradenton, FL 34203
Three enclosed workrooms, built-in cabinetry, and a kitchenette support day-to-day professional operations.
Property Size983 SF
Price / SF$274.67
Days on Market130
Property Features for 102-5245 Office Park Blvd
General Information
Standard status
Active
Size
983 SF
Taxes and HOA fees
Annual Taxes
$2,914
Listing Agency:
PARADISUS REALTY GROUP CO
(941) 730-1347
Listed By:
Oscar Jimenez Romero · License #3642328
(941) 730-1347
Source:
Exprealty
Added: Apr 23
Changed: Aug 30
Last Checked: Aug 30 at 8:00PM
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 PARADISUS REALTY GROUP CO
Investment Insights
Based on property information with market context.
This office unit is configured with three private offices, built-in cabinetry, and fixed furnishings. A dedicated kitchenette includes a refrigerator and microwave, adding practical support for daily operations. The space is positioned for immediate occupancy and can accommodate medical, administrative, or general office use.
The unit is located within an established professional office park with access from the Peridia Country Club entrance. Its Bradenton setting provides access to SR 70 and US 301, while on-site parking directly in front of the unit supports convenient arrival for clients and staff.
The unit is located within an established professional office park with access from the Peridia Country Club entrance. Its Bradenton setting provides access to SR 70 and US 301, while on-site parking directly in front of the unit supports convenient arrival for clients and staff.
Key Highlights
- Three private offices with built‑in cabinetry and fixed furnishings
- Dedicated kitchenette with refrigerator and microwave
- Immediate‑occupancy office configuration for medical, administrative, or general office use
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
$16,052
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
5.95%
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%
$321,040
$321.0K
Cap Rate 7%
$229,314
$229.3K
Cap Rate 9%
$178,356
$178.4K
Market Conditions
NOI Build-Up for 983 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
$22.6K $23.04/SF
− Vacancy
−$1.2K −$1.27/SF
EGI
$21.4K $21.77/SF
− OpEx
−$5.4K −$5.44/SF
NOI
$16.1K $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%
$321,040
Cap Rate 7%
$229,314
Cap Rate 9%
$178,356
Alternative Uses
Best Use
Office B
$229.3K
$200.7K – $267.5K
NOI $16,052 @ 7.0% cap · market cap 5.95%
Second Best
Healthcare Medical
$216.8K
$189.7K – $252.9K
NOI $15,176 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$289.1K
$252.9K – $337.3K
NOI $20,235 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
Explore this area
Business Placement
Demographics for 34203, FL
39,853
Population
20,709
Households
1.9
Avg Household Size
48
Median Age
26%
College-Educated
87%
High-School Grad
15.5 sq mi
ZIP Area
2,571
Density / Sq Mi
$68,030
Median Household Income
$39,829
Median Earnings
$1,437
Median Rent
$302,500
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?
Office units - Three enclosed workrooms, built-in cabinetry, and a kitchenette support day-to-day professional operations.
Where is this office units located?
The property is located at 102-5245 Office Park Blvd Bradenton, FL.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Three private offices with built‑in cabinetry and fixed furnishings; Dedicated kitchenette with refrigerator and microwave; Immediate‑occupancy office configuration for medical, administrative, or general office use
