Built-Out Dental Office
New
For Sale
$315,000
1906 59th St W Ste C, Bradenton, FL 34209
The suite includes clinical and support areas, with interior renovations completed in 2022.
Property Size1,350 SF
Days on Market2
Property Features for 1906 59th St W Ste C
General Information
Standard status
Active
Size
1,350 SF
Class
B
Property subtype
Office
Building Details
Building Size
1,350 SF
Year Built
1980
Year Renovated
2022
Listed By:
Angela Varga · License #FL BK3026434
(941) 932-7131
Source:
Gulfcoastcommercialgroup
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:33AM
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 Angela Varga
Investment Insights
Based on property information with market context.
Configured for dental practice, this medical office suite contains three operatories, a dental scanner area, and a lab with sterilization space. Two private offices and a break room provide additional support functions. Interior renovations were completed in 2022, and the building dates to 1980.
The property sits within Blake Dental/Professional Park in West Bradenton, directly across 59th Street West from Blake Hospital. It occupies the first building at the park’s south entrance. Furniture and dental equipment are on site and available for purchase; the property is also offered for lease.
The property sits within Blake Dental/Professional Park in West Bradenton, directly across 59th Street West from Blake Hospital. It occupies the first building at the park’s south entrance. Furniture and dental equipment are on site and available for purchase; the property is also offered for lease.
Key Highlights
- Three dental operatories, a scanner area, and lab/sterilization space
- Two private offices and a break room
- Interior renovations completed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,045
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,900
$440.9K
Cap Rate 7%
$314,929
$314.9K
Cap Rate 9%
$244,944
$244.9K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$31.1K $23.04/SF
− Vacancy
−$1.7K −$1.27/SF
EGI
$29.4K $21.77/SF
− OpEx
−$7.3K −$5.44/SF
NOI
$22.0K $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 Rate 5%
$440,900
Cap Rate 7%
$314,929
Cap Rate 9%
$244,944
Alternative Uses
Best Use
Office B
$314.9K
$275.6K – $367.4K
NOI $22,045 @ 7.0% cap · market cap 7.00%
Second Best
Healthcare Medical
$297.7K
$260.5K – $347.4K
NOI $20,842 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$397.0K
$347.4K – $463.2K
NOI $27,789 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34209, FL
32,940
Population
18,896
Households
1.7
Avg Household Size
58
Median Age
36%
College-Educated
93%
High-School Grad
12.6 sq mi
ZIP Area
2,614
Density / Sq Mi
$80,829
Median Household Income
$41,649
Median Earnings
$1,847
Median Rent
$357,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - The suite includes clinical and support areas, with interior renovations completed in 2022.
Where is this medical office space located?
The property is located at 1906 59th St W Ste C Bradenton, FL.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Three dental operatories, a scanner area, and lab/sterilization space; Two private offices and a break room; Interior renovations completed in 2022
