Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Development Site on Cortez Title is generated by Realmo AI

    1825 Cortez Road W, Bradenton, FL 34207

    View on Map
    Claim this Listing
    For Sale
    $850,000

    Prime .65 acre retail development site on Cortez Road.

    Type:LH, MF, OFC, OFC-MED, SCR, SCR-REST, V
    Lot size:
    0.65 Acres
    Added:
    Apr 25, 2024
    Days on Market:
    764
    Last Refresh:
    Apr 3 at 4:54 am

    Property Features for 1825 Cortez Road W

    General Information

    Standard status
    Active
    Lot size
    0.65 Acres
    Property subtype
    LH, MF, OFC, OFC-MED, SCR, SCR-REST, V

    We can help!

    Listing Contact
    Ben Bakker

    Listing agent Ben Bakker

    Listing office NDC Commercial Real Estate

    Listing date Apr 25, 2024

    Source Realnex

    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 NDC Commercial Real Estate

    HighLights

    • Street front retail development site on Cortez Road.
    • Located just west of the Cortez / US 41 intersection.
    • Zoned General Commercial for a multitude of retail uses.
    • Fantastic traffic counts.
    • Side street access for additional ingress/egress.
    • Located inside the County's SW TIF District.

    Overview

    This .65 acre street front retail development site is located on Cortez Road, just west of the Cortez / US 41 intersection. Zoned General Commercial, the site is suited for a multitude of retail driven uses. It features a street front location on a major east/west corridor and includes a side street to allow for additional ingress/egress. The property benefits from high traffic counts and is located inside the County's SW TIF District.
    Property Profile Location Intelligence

    Current Use by Public Records

    A To Z Rentals & Sales (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton
    County
    Manatee
    State
    Florida
    Longitude
    -82.5804087
    Latitude
    27.4620918

    Nearby Similar for Sale

    • $699,000
      2,816 SF

      Turnkey Investment Duplex in Bradenton

      Renovated duplex near State College of Florida and IMG Academy.
      5723 26TH STREET W, BRADENTON, FL 34207
      View Details
    • $250,000
      1,637 SF

      Turnkey Tire Service Business

      Established tire service business for sale in Bradenton, Florida.
      3501 14TH STREET W, BRADENTON, FL 34205
      View Details
    • $3,595,000
      14,500 SF

      High-Visibility Bradenton Industrial Compound

      2.4-acre industrial property with showroom, warehouse, and income potential.
      2398 63RD AVENUE E, BRADENTON, FL 34203
      View Details
    • $1,500,000
      3,550 SF

      Bradenton Restaurant For Sale

      Restaurant building with frontage on N Tamiami Trail.
      6916 14TH STREET W, BRADENTON, FL 34207
      View Details
    • $749,900
      3,683 SF

      Land Redevelopment Opportunity, Bradenton

      Land redevelopment opportunity allowing construction of up to 20 residential units.
      1425 14TH STREET W, BRADENTON, FL 34205
      View Details
    • $1,700,000

      Five-Acre Land in Bradenton, FL

      Expansive land with development potential in a rapidly growing area.
      8011 41ST AVENUE E, BRADENTON, FL 34211
      View Details
    • $699,000
      2,895 SF

      Mixed-Use Building in Prime Location

      2,895 sq ft commercial building in thriving Bradenton district.
      1834 TAMIAMI TRAIL, BRADENTON, FL 34205
      View Details
    • $579,000
      2,280 SF

      Bradenton Duplex with Income Potential

      Well-maintained duplex in prime location with excellent income potential.
      2311 54TH AVENUE DRIVE W, BRADENTON, FL 34207
      View Details
    • $495,000
      2,215 SF

      Updated Office Building on Manatee

      Professionally updated office building with high visibility and modern amenities.
      2423 MANATEE AVENUE W, BRADENTON, FL 34205
      View Details
    • $1,750,000
      5,069 SF

      Bradenton Multi-Family Development Opportunity

      Development site with in-place zoning and existing rental income.
      2008 53RD AVENUE E, BRADENTON, FL 34203
      View Details
    • $919,999

      Prime Commercial Lot in Bradenton

      1.9-acre commercial lot off State Road 64 in Bradenton.
      647 67TH STREET CIRCLE E, BRADENTON, FL 34208
      View Details
    • $425,000
      2,120 SF

      Bradenton Duplex Investment Opportunity

      Side-by-side duplex in Bradenton with immediate rental income potential.
      2710 5TH STREET E, BRADENTON, FL 34208
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime .65 acre retail development site on Cortez Road.
    Where is this commercial land located?
    The property is located at 1825 Cortez Road W Bradenton, FL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Street front retail development site on Cortez Road.; Located just west of the Cortez / US 41 intersection.; Zoned General Commercial for a multitude of retail uses.
    (941) 285-6727
    We can help!
    Listing Contact
    Ben Bakker
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1825 Cortez Road W., Bradenton, FL 34207
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!