Building Details

Year Built 1973

Listing Agency: RE/MAX ALLIANCE GROUP

Listed By: Barbara Mollanazar · License #0605141 Show Phone

Source: Compass

Added: Feb 16, 2025 Changed: Oct 15 Last Checked: Oct 15 at 1:16AM

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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 RE/MAX ALLIANCE GROUP

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Investment Insights

Based on property information with market context.

This 4,896-square-foot auto shop at 2011 9th Street West in Bradenton is a block-built commercial property constructed in 1973. The building includes wall and window unit cooling and is set on a slab foundation.

The property fronts a major road described as carrying high traffic. C3 zoning supports its commercial positioning, while the existing automotive shop configuration provides a defined use for the site.

Key Highlights

• 4,896‑square‑foot auto shop
• C3 zoning
• Frontage on a major road with high traffic count

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,209

Cap Rate

6.02%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,204,180 $1.2M

Cap Rate 7%

$860,129 $860.1K

Cap Rate 9%

$668,989 $669.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,896 SF

Gross rent

$88.1K $18.00/SF

− Vacancy

−$2.1K −$0.43/SF

EGI

$86.0K $17.57/SF

− OpEx

−$25.8K −$5.27/SF

NOI

$60.2K $12.30/SF

Area

Manatee County, FL

Vacancy

2.40%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,204,180

Cap Rate 7%

$860,129

Cap Rate 9%

$668,989

Alternative Uses

Best Use

Retail

$860.1K

$752.6K – $1.00M (±1% cap)

NOI $60,209 @ 7.0% cap · market cap 6.02%

Second Best

Industrial

$588.4K

$514.9K – $686.5K (±1% cap)

NOI $41,189 @ 7.0% cap · market cap 4.12%

Theoretical Best

Office A

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,783 @ 7.0% cap · market cap 10.08%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Accounting Firm Bakery Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

553

Businesses Nearby

34k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 76% Shops & Services 15% Electronics 9%

Winn-Dixie Groceries

26,085 visits/mo 0.4 miles

Sunoco Shops & Services

4,153 visits/mo 0.5 miles

Cricket Wireless Authorized Retailer Electronics

3,055 visits/mo 0.4 miles

Gravely Of Bradenton Shops & Services

1,101 visits/mo 0.4 miles

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 Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Similar Off Market Nearby

• SDN Towing & Recovery — 1311 63rd Ave E, Bradenton, FL 34203
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Frequently Asked Questions

What type of property is this?

Auto shop - C3-zoned automotive facility with wall and window cooling units.

Where is this auto shop located?

The property is located at 2011 9th Street West Bradenton, FL.

What is the asking price?

The asking price for this property is $1,000,000.

What are key features of this property?

This property features: 4,896‑square‑foot auto shop; C3 zoning; Frontage on a major road with high traffic count