Automotive Property with
New
For Sale
$999,999
1827 9TH Street W, Bradenton, FL 34205
Commercial Sale, BRADENTON, FL
Property Size2,350 SF
Lot Size0.92 Acres
Price / SF$425.53
Days on Market1
Property Features for 1827 9TH Street W
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C3
Subdivision
ACREAGE
Directions
From 14th St W/Tamiami Trail going north from Sarasota, go east on 21swt Ave W to north on 9th St W. Property is on the NE corner of 9th St W and 19th Ave W.
Standard status
Active
APN
4502310209
Size
2,350 SF
Lot size
0.92 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM 30 FT E AND 20 FT S OF THE NW COR OF THE SW1/4 OF THE NW1/4 OF THE NW1/4 OF THE SE1/4 OF SEC 35, ALSO BEING THE NW COR OF THAT CERTAIN PARCEL OF LAND DESC IN DB 75 P 507, TH S 00 DEG 04 MIN 41 SEC W, ALG THE E R/W OF 9TH ST W, AND THE W LN OF SD PARCEL, 150 FT TO THE SW COR OF SD CERTAIN PARCEL FOR A POB; TH CONT S 00 DEG 04 MIN 41 SEC W, ALG SD E R/W 178.18 FT TO THE INTERSEC WITH THE N R/W OF 19TH AVE W; TH N 88 DEG 38 MIN 13 SEC E, ALG SD N R/W, 230.10 FT; TH N 00 DEG 27 MIN 43 SEC E, PARELLEL WITH AND 80 FT WLY OF THE W LN OF "STRONG COURT" SUB, 171.30 FT TO THE INTERSEC WITH THE ELY EXTENTION OF THE S LN OF SD DB 75 P 507; TH N 89 DEG 38 MIN 57 SEC W, ALG SD S LN AND ELY EXTENSION THEREOF, 231.18 FT TO THE POB, PI#45023.1020/9
Tax Annual Amount
9713
Legal Description
COM 30 FT E AND 20 FT S OF THE NW COR OF THE SW1/4 OF THE NW1/4 OF THE NW1/4 OF THE SE1/4 OF SEC 35, ALSO BEING THE NW COR OF THAT CERTAIN PARCEL OF LAND DESC IN DB 75 P 507, TH S 00 DEG 04 MIN 41 SEC W, ALG THE E R/W OF 9TH ST W, AND THE W LN OF SD PARCEL, 150 FT TO THE SW COR OF SD CERTAIN PARCEL FOR A POB; TH CONT S 00 DEG 04 MIN 41 SEC W, ALG SD E R/W 178.18 FT TO THE INTERSEC WITH THE N R/W OF 19TH AVE W; TH N 88 DEG 38 MIN 13 SEC E, ALG SD N R/W, 230.10 FT; TH N 00 DEG 27 MIN 43 SEC E, PARELLEL WITH AND 80 FT WLY OF THE W LN OF "STRONG COURT" SUB, 171.30 FT TO THE INTERSEC WITH THE ELY EXTENTION OF THE S LN OF SD DB 75 P 507; TH N 89 DEG 38 MIN 57 SEC W, ALG SD S LN AND ELY EXTENSION THEREOF, 231.18 FT TO THE POB, PI#45023.1020/9
Utilities
Cooling system
Central Air
Building Details
Year built
1905
Floors in Building
2
Building materials
Frame
Roof type
Metal
Listing Agency:
WAGNER REALTY
(941) 727-2800
Listed By:
Ryan Hoffman · License #3051574
(941) 773-9184
Added: Aug 20
Last Checked: Aug 20 at 2:06PM
MLS# A4703567
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 0.92-acre C3-zoned property combines an automotive lot with a multifamily duplex on one parcel. The site includes a 2,350-square-foot frame building constructed in 1905, with central air conditioning and a metal roof. Car-lot operations have been associated with the property for over 40 years.
The property is in Midtown Bradenton, near LECOM Park and the planned DeSoto Square Mall mixed-use redevelopment. It also sits outside the Village of the Arts, with access to downtown Bradenton, Palmetto, and the Cortez Road corridor. Sarasota-Bradenton International Airport is approximately 15 minutes away.
The property is in Midtown Bradenton, near LECOM Park and the planned DeSoto Square Mall mixed-use redevelopment. It also sits outside the Village of the Arts, with access to downtown Bradenton, Palmetto, and the Cortez Road corridor. Sarasota-Bradenton International Airport is approximately 15 minutes away.
Key Highlights
- 0.92‑acre parcel with automotive lot and multifamily duplex
- 2,350‑square‑foot frame building constructed in 1905
- C3 zoning supports the recorded commercial classification
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Automotive property - C3-zoned automotive site with an existing duplex and established car-lot use.
Where is this automotive property located?
The property is located at 1827 9TH Street 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: 0.92‑acre parcel with automotive lot and multifamily duplex; 2,350‑square‑foot frame building constructed in 1905; C3 zoning supports the recorded commercial classification
