Concrete Self-Storage Facility with 265
For Sale
$8,000,000
5550 15TH Street E, Bradenton, FL 34203
Commercial Sale, BRADENTON, FL
Property Size49,800 SF
Lot Size3.26 Acres
Price / SF$160.64
Days on Market522
Property Features for 5550 15TH Street E
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HC
Pets allowed
Yes
Accessibility
Accessible Approach with Ramp
Appliances
Dryer, Refrigerator, Washer
Lot features
Central Business District, Curb and Gutters, Flood Zone, Street Lights, Paved
Directions
State Road 70 to 15th St East go south to 5550 15thh St E, on west side of road.
Subdivision
34203 - Bradenton/Braden River/Lakewood Rch
Standard status
Active
APN
5749400007
Size
49,800 SF
Lot size
3.26 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
THE S1/2 OF THE NE1/4 OF THE SE1/4 OF THE NE1/4, SEC 13, LESS THE E 50 FT & LESS THE W 263 FT OF THE E 313 FT OF THE S 126 FT OF THE N 139.9 FT ALSO LESS: COM AT THE NE COR OF THE S1/2 OF THE NE1/4 OF THE SE1/4 OF THE NE1/4 OF SEC 13; TH S 89 DEG 53 MIN 55 SEC W ALG THE N LN OF SD S1/2 OF THE NE1/4 OF SE1/4 OF THE NE1/4, 50 FT TO THE INT WITH THE W R/W OF S.R.
Tax Annual Amount
46276
Legal Description
THE S1/2 OF THE NE1/4 OF THE SE1/4 OF THE NE1/4, SEC 13, LESS THE E 50 FT & LESS THE W 263 FT OF THE E 313 FT OF THE S 126 FT OF THE N 139.9 FT ALSO LESS: COM AT THE NE COR OF THE S1/2 OF THE NE1/4 OF THE SE1/4 OF THE NE1/4 OF SEC 13; TH S 89 DEG 53 MIN 55 SEC W ALG THE N LN OF SD S1/2 OF THE NE1/4 OF SE1/4 OF THE NE1/4, 50 FT TO THE INT WITH THE W R/W OF S.R.
Utilities
Sewer type
Public Sewer
Heating system
Central
Water source
Public
Building Details
Year built
1992
Flooring type
Laminate, Tile - Ceramic, Concrete
Building materials
Concrete, Metal Frame
Roof type
Metal
Additional Structures
Storage
Listing Agency:
GB INTERNATIONAL REALTY
(941) 744-7772
Listed By:
Gloria Brush · License #BK3272167
(941) 744-7772
Added: Mar 26, 2025
Changed: Aug 27
Last Checked: Aug 29 at 7:06PM
MLS# A4646002
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.
This self-storage property in Bradenton, Florida, includes nine concrete buildings totaling 49,800 square feet on 3.26 acres. The facility contains 265 units in multiple configurations, including 144 units measuring 10x20, 36 units measuring 10x10, and 20 units measuring 20x20. The improvements also include two office spaces, with an additional office area potentially available, plus 16 parking spaces.
The property is zoned HC and served by public water and public sewer. A cell tower is leased on the site. Capital improvements include a new metal roof, replacement downspouts and gutters in 2023, exterior painting in 2023, and paving completed in 2023. The buildings date to 1992 and feature concrete construction with metal framing, central heating, and a combination of concrete, laminate, and ceramic tile flooring.
The property is zoned HC and served by public water and public sewer. A cell tower is leased on the site. Capital improvements include a new metal roof, replacement downspouts and gutters in 2023, exterior painting in 2023, and paving completed in 2023. The buildings date to 1992 and feature concrete construction with metal framing, central heating, and a combination of concrete, laminate, and ceramic tile flooring.
Key Highlights
- 49,800‑square‑foot self‑storage facility on 3.26 acres
- 265 total storage units across multiple sizes
- Unit mix includes 144 10x20 units, 36 10x10 units, and 20 20x20 units
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
$516,625
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
6.46%
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%
$10,332,500
$10.3M
Cap Rate 7%
$7,380,357
$7.4M
Cap Rate 9%
$5,740,278
$5.7M
Market Conditions
NOI Build-Up for 49,800 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
$776.9K $15.60/SF
− Vacancy
−$38.8K −$0.78/SF
EGI
$738.0K $14.82/SF
− OpEx
−$221.4K −$4.45/SF
NOI
$516.6K $10.37/SF
Area
Manatee County, FL
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
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%
$10,332,500
Cap Rate 7%
$7,380,357
Cap Rate 9%
$5,740,278
Alternative Uses
Best Use
Self Storage
$7.38M
$6.46M – $8.61M
NOI $516,625 @ 7.0% cap · market cap 6.46%
Second Best
Warehouse
$7.27M
$6.36M – $8.48M
NOI $508,732 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$14.64M
$12.81M – $17.09M
NOI $1,025,123 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
674
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Nine concrete buildings provide storage units, office space, parking, and a leased cell tower.
Where is this self storage facility located?
The property is located at 5550 15TH Street E Bradenton, FL.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: 49,800‑square‑foot self‑storage facility on 3.26 acres; 265 total storage units across multiple sizes; Unit mix includes 144 10x20 units, 36 10x10 units, and 20 20x20 units
