Automotive Property with
New
For Sale
$999,999
1827 9TH W, Bradenton, FL 34205
Combined vehicle-sales and residential income improvements occupy one parcel in central Bradenton.
Property Size2,350 SF
Days on Market3
Property Features for 1827 9TH W
General Information
Standard status
Active
Size
2,350 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$9,712
Building Details
Building Size
2,350 SF
Year Built
1905
Listing Agency:
Wagner Realty
(941) 773-9184
Listed By:
Ryan Hoffman · License #3051574
(941) 773-9184
Source:
Elliman
Added: Aug 21
Changed: Aug 23
Last Checked: Aug 23 at 6:34AM
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 Wagner Realty
Investment Insights
Based on property information with market context.
This automotive property combines a vehicle-sales lot with a multifamily duplex on a single parcel. The site has operated as a car lot for over 40 years, while the building record identifies a 1905 year built.
The property is located at 1827 9th W in Bradenton, near Lecom Park and the Desoto Square mall mixed-use redevelopment project. It is in Midtown Bradenton, just outside the Village of the Arts, with access to downtown Bradenton, Palmetto, and the Cortez Road corridor. Sarasota Bradenton Airport is approximately 15 minutes away. The area is rated Somewhat Walkable, Somewhat Bikeable, and Some Transit by the provided mobility scores.
The property is located at 1827 9th W in Bradenton, near Lecom Park and the Desoto Square mall mixed-use redevelopment project. It is in Midtown Bradenton, just outside the Village of the Arts, with access to downtown Bradenton, Palmetto, and the Cortez Road corridor. Sarasota Bradenton Airport is approximately 15 minutes away. The area is rated Somewhat Walkable, Somewhat Bikeable, and Some Transit by the provided mobility scores.
Key Highlights
- Vehicle‑sales lot and multifamily duplex situated on one parcel
- Car‑lot operation documented for over 40 years
- Near Lecom Park and the Desoto Square mall mixed‑use redevelopment project
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
$30,871
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
3.09%
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%
$617,420
$617.4K
Cap Rate 7%
$441,014
$441.0K
Cap Rate 9%
$343,011
$343.0K
Market Conditions
NOI Build-Up for 2,350 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
$46.5K $19.80/SF
− Vacancy
−$2.4K −$1.03/SF
EGI
$44.1K $18.77/SF
− OpEx
−$13.2K −$5.63/SF
NOI
$30.9K $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%
$617,420
Cap Rate 7%
$441,014
Cap Rate 9%
$343,011
Alternative Uses
Best Use
Multifamily LT 5
$441.0K
$385.9K – $514.5K
NOI $30,871 @ 7.0% cap · market cap 3.09%
Second Best
Retail
$412.8K
$361.2K – $481.7K
NOI $28,899 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$691.1K
$604.7K – $806.2K
NOI $48,374 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
967
Businesses Nearby
Balanced
Demand for This Use
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?
Automotive property - Combined vehicle-sales and residential income improvements occupy one parcel in central Bradenton.
Where is this automotive property located?
The property is located at 1827 9TH W Bradenton, FL.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Vehicle‑sales lot and multifamily duplex situated on one parcel; Car‑lot operation documented for over 40 years; Near Lecom Park and the Desoto Square mall mixed‑use redevelopment project
