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    High-Traffic Investment Opportunity Title is generated by Realmo AI

    5712 15TH STREET E, Bradenton, FL 34203

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    For Sale
    $1,249,999

    Income-producing property with auto sales business potential on 15th Street.

    Type:Commercial
    Property size:
    4,293 SF
    Lot size:
    0.80 Acres
    Price / SF:
    $291/SF
    Added:
    Apr 20, 2025
    Days on Market:
    404
    Last Refresh:
    May 10 at 9:26 pm

    Property Features for 5712 15TH STREET E

    General Information

    Standard status
    Active
    Size
    4,293 SF
    Lot size
    0.80 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1988

    We can help!

    Listing Contact
    HECTOR CONTRERAS
    HECTOR CONTRERAS

    Listing agent HECTOR CONTRERAS License #3270483

    Listing office WEICHERT REALTORS EXCLUSIVE PROPERTIES

    Listing date Apr 20, 2025

    Source Corcoran

    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 WEICHERT REALTORS EXCLUSIVE PROPERTIES

    HighLights

    • High‑traffic location on 15th Street East offers outstanding business exposure.
    • Multiple income‑producing rental units (2BR/1BA, two 1BR/1BA, 3BR/1BA) plus an office building.
    • Nearly an acre of land provides ample space and future expansion potential.
    • Established history of over 20 years as a successful auto sales business.
    • Plenty of paved parking and additional storage areas, ideal for RV or boat storage, provide additional revenue potential.
    • Seller offering a 3% closing cost concession.

    Overview

    This property, situated on nearly an acre of land, presents a prime investment opportunity on high-traffic 15th Street East. For over 20 years, it has operated as a successful auto sales business, complemented by multiple income-producing rentals. The property includes a 2-bedroom, 1-bathroom unit, two 1-bedroom, 1-bathroom units, one 3-bedroom, 1-bathroom unit, and an office building. The property provides additional revenue potential with plenty of paved parking, additional storage areas, and space ideal for RV or boat storage. The flat layout and partially fenced lot add both security and flexibility for future expansion. Located on a heavily traveled corridor, this property offers outstanding exposure for any business. The property is ideal to continue the existing auto sales operation or bring your own vision. The listing price reflects land and improvements only. The property size is 4293 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    jarm auto sales ... Car Dealership DWG Motors Inc Car Dealership

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • BDK MOTORS INC — 5515 A, 15th St E, Bradenton, FL 34203
    • Rehab Racing Development — 5523 15th St E Apt B, Bradenton, FL 34203
    • TICOLO TIRES INC — 5329 15th st e, bradenton, fl 34203
    • TICO AUTO SERVICE INC — 1448 49th Ave Dr E, Bradenton, FL 34203
    • DR CAR GLASS — 5432 4th St Ct E, Bradenton, FL 34203

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton
    County
    Manatee
    State
    Florida
    Longitude
    -82.5475
    Latitude
    27.4397

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    FAQs

    What type of property is this?
    Auto shop - Income-producing property with auto sales business potential on 15th Street.
    Where is this auto shop located?
    The property is located at 5712 15TH STREET E Bradenton, FL.
    What is the asking price?
    The asking price for this property is $1,249,999.
    What are key features of this property?
    This property features: High‑traffic location on 15th Street East offers outstanding business exposure.; Multiple income‑producing rental units (2BR/1BA, two 1BR/1BA, 3BR/1BA) plus an office building.; Nearly an acre of land provides ample space and future expansion potential.
    (813) 426-2669
    We can help!
    Listing Contact
    HECTOR CONTRERAS
    HECTOR CONTRERAS
    Real Estate License ID: 3270483
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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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    5712 15TH STREET E, BRADENTON, FL 34203
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