Downtown Bradenton Apartment
For Sale
$800,000
603 /729 6th Ave W, Bradenton, FL 34205
Income property with four studio units and four two-bedroom, one-bath apartments in Downtown Bradenton.
Property Size2,912 SF
Price / SF$274.73
Days on Market41
Property Features for 603 /729 6th Ave W
General Information
Standard status
Active
Size
2,912 SF
Additional Details
Multifamily Units
8
Building Details
Year Built
1946
Listing Agency:
ALL BROKERS REALTY, INC.
(941) 321-8323
Listed By:
Sam Watkins, PA · License #0200480
Source:
Whitesandsfl
Added: Jul 23
Changed: Aug 14
Last Checked: Aug 30 at 8:37PM
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 ALL BROKERS REALTY, INC.
Investment Insights
Based on property information with market context.
This apartment building contains 4 studio apartments and 4 two-bedroom, 1-bath units, creating a 8-unit residential income configuration.
The property is located in Downtown Bradenton and is described as being convenient to government offices, restaurants, and retail.
Each unit type is clearly defined as studios and two-bedroom, one-bath apartments, offering a straightforward tenant mix within a compact building size.
The property is located in Downtown Bradenton and is described as being convenient to government offices, restaurants, and retail.
Each unit type is clearly defined as studios and two-bedroom, one-bath apartments, offering a straightforward tenant mix within a compact building size.
Key Highlights
- Income property built in 1946
- 4 studio apartments plus 4 two‑bedroom, 1‑bath units
- Located in Downtown Bradenton near government offices, restaurants, and retail
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
$35,235
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
4.40%
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%
$704,700
$704.7K
Cap Rate 7%
$503,357
$503.4K
Cap Rate 9%
$391,500
$391.5K
Market Conditions
NOI Build-Up for 2,912 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
$67.8K $23.28/SF
− Vacancy
−$3.7K −$1.28/SF
EGI
$64.1K $22.00/SF
− OpEx
−$28.8K −$9.90/SF
NOI
$35.2K $12.10/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$704,700
Cap Rate 7%
$503,357
Cap Rate 9%
$391,500
Alternative Uses
Best Use
Apartment 5plus
$503.4K
$440.4K – $587.3K
NOI $35,235 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$856.3K
$749.3K – $999.1K
NOI $59,943 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
2,707
Businesses Nearby
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Income property with four studio units and four two-bedroom, one-bath apartments in Downtown Bradenton.
Where is this apartment building located?
The property is located at 603 /729 6th Ave W Bradenton, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Income property built in 1946; 4 studio apartments plus 4 two‑bedroom, 1‑bath units; Located in Downtown Bradenton near government offices, restaurants, and retail
