Bradenton Flex Space
For Sale
Contact for pricing
1234 9th Street West, Bradenton, FL 34205
27,000 SF building on 1.06 acres in downtown Bradenton.
Property Size26,000 SF
Lot Size1.06 Acres
Price / SF$238.46
Days on Market102
Property Features for 1234 9th Street West
General Information
Standard status
Active
Size
26,000 SF
Lot size
1.06 Acres
Property subtype
Industrial, Hospitality, Business for Sale
Zoning
BR T40
Building Details
Year Built
2000
Year Renovated
2000
Listing Agency:
Tony Almengual Realtor
Listed By:
Tony Almengual · License #FL SL684697
Source:
Crexi
Added: May 20
Changed: Aug 25
Last Checked: Aug 26 at 8:01PM
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 Tony Almengual Realtor
Investment Insights
Based on property information with market context.
Located in downtown Bradenton, this 27,000 SF two-story masonry and concrete building is situated on 1.06 acres. The property includes approximately 22,000 SF of improved outdoor space, dedicated parking, and service access. It is located within the 9th Street West entertainment district. The City of Bradenton has committed $38 million to the City Park project, a transformative redevelopment immediately adjacent to this site along the 9th Street West corridor. The project will add tournament-caliber baseball fields, a community resource center, expanded parking, and public event space to the LECOM Park campus, with full buildout targeted by mid-2028. Zoned Light Industrial (BR_T4-O) within the Tamiami Trail CRA, the property supports warehouse, manufacturing, F&B production, hospitality, flex, and adaptive reuse. CRA designation may qualify a buyer for tax increment financing and other municipal incentives. The offering includes an estimated $1.5 million in specialized equipment, commercial kitchen and production infrastructure, and transferable licenses.
Key Highlights
- Strategic location in downtown Bradenton's reinvestment zone, adjacent to the $38 million City Park project.
- Large 27,000 SF building on 1.06 acres with 22,000 SF of improved outdoor space, dedicated parking, and service access.
- Light Industrial zoning allows for diverse uses without rezoning.
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
$265,603
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
4.28%
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%
$5,312,060
$5.3M
Cap Rate 7%
$3,794,329
$3.8M
Cap Rate 9%
$2,951,144
$3.0M
Market Conditions
NOI Build-Up for 26,000 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
$324.5K $12.48/SF
− Vacancy
−$12.0K −$0.46/SF
EGI
$312.5K $12.02/SF
− OpEx
−$46.9K −$1.80/SF
NOI
$265.6K $10.22/SF
Area
Manatee County, FL
Vacancy
3.70%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
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%
$5,312,060
Cap Rate 7%
$3,794,329
Cap Rate 9%
$2,951,144
Alternative Uses
Best Use
Warehouse
$3.79M
$3.32M – $4.43M
NOI $265,603 @ 7.0% cap · market cap 4.28%
Second Best
Flex RnD
$3.66M
$3.20M – $4.27M
NOI $256,238 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$7.65M
$6.69M – $8.92M
NOI $535,205 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 27,000 SF building on 1.06 acres in downtown Bradenton.
Where is this flex space located?
The property is located at 1234 9th Street West Bradenton, FL.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: Strategic location in downtown Bradenton's reinvestment zone, adjacent to the $38 million City Park project.; Large 27,000 SF building on 1.06 acres with 22,000 SF of improved outdoor space, dedicated parking, and service access.; Light Industrial zoning allows for diverse uses without rezoning.
