Mixed-Use Property with Car
For Sale
$999,999
1827 9TH STREET, Bradenton, FL 34205
Combined automotive and residential property with a duplex and established car-lot use on one parcel.
Property Size3,215 SF
Price / SF$311.04
Days on Market12
Property Features for 1827 9TH STREET
General Information
Standard status
Active
Size
3,215 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$9,713
Amenities
Central Air, A/C - Other
3
City Road, Asphalt.
Building Details
Year Built
1905
Listing Agency:
WAGNER REALTY
(941) 727-2800
Listed By:
Ryan Hoffman · License #3051574
Source:
Xome
Added: Aug 18
Changed: Aug 29
Last Checked: Aug 22 at 3:23AM
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 mixed-use property combines an automotive sales site with a multifamily duplex on one parcel. The property contains 3,215 square feet and dates to 1905, with central air and additional A/C equipment identified among the improvements. The site has supported car-lot operations for more than 40 years.
Located at 1827 9th Street in Bradenton, the property is near Lecom Park and the DeSoto Square Mall mixed-use redevelopment project. It is also 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.
Located at 1827 9th Street in Bradenton, the property is near Lecom Park and the DeSoto Square Mall mixed-use redevelopment project. It is also 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.
Key Highlights
- Mixed‑use property combining a car lot and multifamily duplex on one parcel
- 3,215 square feet of property
- Car‑lot use established for over 40 years
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
$56,363
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
5.64%
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%
$1,127,260
$1.1M
Cap Rate 7%
$805,186
$805.2K
Cap Rate 9%
$626,256
$626.3K
Market Conditions
NOI Build-Up for 3,215 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
$96.5K $30.00/SF
− Vacancy
−$6.3K −$1.95/SF
EGI
$90.2K $28.05/SF
− OpEx
−$33.8K −$10.52/SF
NOI
$56.4K $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%
$1,127,260
Cap Rate 7%
$805,186
Cap Rate 9%
$626,256
Alternative Uses
Best Use
Mixed Use
$805.2K
$704.5K – $939.4K
NOI $56,363 @ 7.0% cap · market cap 5.64%
Second Best
Multifamily LT 5
$603.3K
$527.9K – $703.9K
NOI $42,234 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$945.4K
$827.3K – $1.10M
NOI $66,180 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
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?
Mixed-use property - Combined automotive and residential property with a duplex and established car-lot use on one parcel.
Where is this mixed-use property located?
The property is located at 1827 9TH STREET 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: Mixed‑use property combining a car lot and multifamily duplex on one parcel; 3,215 square feet of property; Car‑lot use established for over 40 years
