Corner-Lot Duplex with Separate
For Sale
$617,500
6528/ 6530 12TH W STREET, Bradenton, FL 34207
Fully rented two-unit property with separate electric and water metering for each unit.
Property Size2,934 SF
Lot Size0.30 Acres
Price / SF$210.46
Days on Market476
Property Features for 6528/ 6530 12TH W STREET
General Information
Standard status
Active
Size
2,934 SF
Lot size
0.30 Acres
Property subtype
Multi Family
Occupancy
100%
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,831
Building Details
Year Built
2002
Buildings
1
Abandoned
No
Listing Agency:
KORMAN REALTY LLC
(954) 598-3277
Listed By:
Michael Korman · License #3316647
(954) 598-3277
Source:
Exitrealty
Added: May 12, 2025
Changed: Aug 29
Last Checked: Aug 29 at 9:57PM
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 KORMAN REALTY LLC
Investment Insights
Based on property information with market context.
This two-unit residential property offers 2,934 total living square feet on a 0.3-acre corner lot and was built in 2002. The duplex is configured as a 3 Bed / 2.5 Bath property, with separate electric and water meters serving each unit. It is fully rented and produces residential income.
The property is located within a TIF Zone and is designated Flood Zone X. Additional duplexes to the north, under the same ownership, are also available for purchase, providing a potential opportunity to acquire neighboring multifamily properties together.
The property is located within a TIF Zone and is designated Flood Zone X. Additional duplexes to the north, under the same ownership, are also available for purchase, providing a potential opportunity to acquire neighboring multifamily properties together.
Key Highlights
- 2,934 total living sq ft on a 0.3‑acre corner lot
- Fully rented, income‑producing duplex
- Separate electric and water meters for each unit
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
$38,543
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
6.24%
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%
$770,860
$770.9K
Cap Rate 7%
$550,614
$550.6K
Cap Rate 9%
$428,256
$428.3K
Market Conditions
NOI Build-Up for 2,934 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
$58.1K $19.80/SF
− Vacancy
−$3.0K −$1.03/SF
EGI
$55.1K $18.77/SF
− OpEx
−$16.5K −$5.63/SF
NOI
$38.5K $13.14/SF
Area
Manatee County, FL
Vacancy
5.22%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
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%
$770,860
Cap Rate 7%
$550,614
Cap Rate 9%
$428,256
Alternative Uses
Best Use
Multifamily LT 5
$550.6K
$481.8K – $642.4K
NOI $38,543 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$507.2K
$443.8K – $591.7K
NOI $35,501 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$862.8K
$755.0K – $1.01M
NOI $60,396 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Explore this area
Business Placement
Demographics for 34207, FL
35,281
Population
19,411
Households
1.8
Avg Household Size
45
Median Age
16%
College-Educated
84%
High-School Grad
6.2 sq mi
ZIP Area
5,690
Density / Sq Mi
$49,162
Median Household Income
$33,035
Median Earnings
$1,270
Median Rent
$122,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully rented two-unit property with separate electric and water metering for each unit.
Where is this duplex located?
The property is located at 6528/ 6530 12TH W STREET Bradenton, FL.
What is the asking price?
The asking price for this property is $617,500.
What are key features of this property?
This property features: 2,934 total living sq ft on a 0.3‑acre corner lot; Fully rented, income‑producing duplex; Separate electric and water meters for each unit
