Fully Built-Out Medical Office
For Sale
Contact for pricing
1811 Bayshore Gardens Parkway, Bradenton, FL 34207
Fully built-out medical office with substantial parking and strong retail adjacency along a heavily traveled corridor.
Property Size8,706 SF
Lot Size1.50 Acres
Price / SF$206.75
Days on Market60
Property Features for 1811 Bayshore Gardens Parkway
General Information
Standard status
Active
Size
8,706 SF
Class
C
Lot size
1.50 Acres
Property subtype
Office
Investment Type
Owner/User
Additional Details
Traffic Count
46,000 vehicles/day
Building Details
Year Built
1958
Listing Agency:
Wisdom Capital Group
Listed By:
Brady Wisdom · License #SL3588056
Source:
Crexi
Added: Jun 12
Changed: Aug 8
Last Checked: Aug 9 at 12:53PM
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 Wisdom Capital Group
Investment Insights
Based on property information with market context.
1811 Bayshore Gardens Parkway is a fully built-out medical office building totaling 8,706 square feet on approximately 1.5 acres. The property was historically operated as a medical practice, so the interior improvements and existing healthcare infrastructure are already in place for medical and healthcare users.
Located along one of Bradenton’s most heavily traveled commercial corridors, the site is described as providing approximately 46,000 vehicles per day for visibility and access. The building is positioned directly behind Target, Publix, and other national retailers, supported by a substantial parking field designed to serve patients, staff, and visitors.
For prospective buyers or healthcare operators, the asset offers a practical platform for continued medical use with a tenant-ready configuration. The combination of established medical occupancy history, ample on-site parking, and irreplaceable corridor frontage behind major retail anchors supports a straightforward transition for users seeking a dedicated medical office setting in an active commercial retail environment.
Located along one of Bradenton’s most heavily traveled commercial corridors, the site is described as providing approximately 46,000 vehicles per day for visibility and access. The building is positioned directly behind Target, Publix, and other national retailers, supported by a substantial parking field designed to serve patients, staff, and visitors.
For prospective buyers or healthcare operators, the asset offers a practical platform for continued medical use with a tenant-ready configuration. The combination of established medical occupancy history, ample on-site parking, and irreplaceable corridor frontage behind major retail anchors supports a straightforward transition for users seeking a dedicated medical office setting in an active commercial retail environment.
Key Highlights
- 6,706 SF fully built‑out medical office building built in 1958
- Approximately 1.5‑acre site along a heavily traveled commercial corridor
- Frontage corridor traffic of approximately 46,000 vehicles per day
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
$142,165
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
7.90%
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%
$2,843,300
$2.8M
Cap Rate 7%
$2,030,929
$2.0M
Cap Rate 9%
$1,579,611
$1.6M
Market Conditions
NOI Build-Up for 8,706 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
$200.6K $23.04/SF
− Vacancy
−$11.0K −$1.27/SF
EGI
$189.6K $21.77/SF
− OpEx
−$47.4K −$5.44/SF
NOI
$142.2K $16.33/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
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%
$2,843,300
Cap Rate 7%
$2,030,929
Cap Rate 9%
$1,579,611
Alternative Uses
Best Use
Office B
$2.03M
$1.78M – $2.37M
NOI $142,165 @ 7.0% cap · market cap 7.90%
Second Best
Healthcare Medical
$1.92M
$1.68M – $2.24M
NOI $134,408 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,211 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
46,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Under-served
Demand for This Use
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully built-out medical office with substantial parking and strong retail adjacency along a heavily traveled corridor.
Where is this medical office space located?
The property is located at 1811 Bayshore Gardens Parkway Bradenton, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 6,706 SF fully built‑out medical office building built in 1958; Approximately 1.5‑acre site along a heavily traveled commercial corridor; Frontage corridor traffic of approximately 46,000 vehicles per day
