Mixed-Use Property with Flexible
New
For Sale
$3,999,000
11125 Corridor Pl, Bradenton, FL 34211
The project is planned for a single occupant or multiple separately subdivided spaces.
Property Size10,900 SF
Price / SF$366.88
Days on Market3
Property Features for 11125 Corridor Pl
General Information
Standard status
Active
Size
10,900 SF
Zoning
PD-MU
Additional Details
Utilities to Site
Yes
Building Details
Year Built
2024
Listing Agency:
AMERICAN HOSPITALITY RLTY LLC
(941) 320-6533
Listed By:
Albert Myara
Source:
Whitesandsfl
Added: Aug 4
Changed: Aug 5
Last Checked: Aug 6 at 8:55AM
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 AMERICAN HOSPITALITY RLTY LLC
Investment Insights
Based on property information with market context.
This mixed-use commercial project is under construction and nearing completion at 11125 Corridor Pl in Bradenton, Florida. The planned building contains approximately 10,900 square feet and is designed to accommodate one tenant or as many as five separate occupants. Delivery is planned in grey-shell condition, with plumbing and electrical service extending to the building for future interior work.
The property carries commercial PD-MU zoning. An estimated completion date of January 2026 is provided. The ownership will consider dividing the building for either sale or lease, creating flexibility in how the space is brought to market. The configuration may support a single commercial user or a multi-tenant arrangement, subject to the applicable subdivision and transaction terms.
The property carries commercial PD-MU zoning. An estimated completion date of January 2026 is provided. The ownership will consider dividing the building for either sale or lease, creating flexibility in how the space is brought to market. The configuration may support a single commercial user or a multi-tenant arrangement, subject to the applicable subdivision and transaction terms.
Key Highlights
- Approximately 10,900 sq feet of planned mixed‑use commercial space
- Commercial PD‑MU zoning
- Estimated completion date January 2026
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
$191,091
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
4.78%
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%
$3,821,820
$3.8M
Cap Rate 7%
$2,729,871
$2.7M
Cap Rate 9%
$2,123,233
$2.1M
Market Conditions
NOI Build-Up for 10,900 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
$327.0K $30.00/SF
− Vacancy
−$21.3K −$1.95/SF
EGI
$305.7K $28.05/SF
− OpEx
−$114.7K −$10.52/SF
NOI
$191.1K $17.53/SF
Area
Manatee County, FL
Vacancy
6.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
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%
$3,821,820
Cap Rate 7%
$2,729,871
Cap Rate 9%
$2,123,233
Alternative Uses
Best Use
Mixed Use
$2.73M
$2.39M – $3.18M
NOI $191,091 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.21M
$2.80M – $3.74M
NOI $224,374 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
Explore this area
Business Placement
Demographics for 34211, FL
16,845
Population
9,943
Households
1.7
Avg Household Size
50
Median Age
55%
College-Educated
96%
High-School Grad
34.0 sq mi
ZIP Area
495
Density / Sq Mi
$118,565
Median Household Income
$61,370
Median Earnings
$1,940
Median Rent
$601,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The project is planned for a single occupant or multiple separately subdivided spaces.
Where is this mixed-use property located?
The property is located at 11125 Corridor Pl Bradenton, FL.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: Approximately 10,900 sq feet of planned mixed‑use commercial space; Commercial PD‑MU zoning; Estimated completion date January 2026
