Building Details

Building Size 5,069 SF

Year Built 1952

Units 7

Listing Agency: Compass

Listed By: Jason Skowronski · License #3288062 Show Phone

Source: Elliman

Added: Aug 13 Changed: Oct 8 Last Checked: Oct 12 at 9:12PM

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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 Compass

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,334

Cap Rate

4.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,226,680 $1.2M

Cap Rate 7%

$876,200 $876.2K

Cap Rate 9%

$681,489 $681.5K

Market Conditions

NOI Build-Up for 5,069 SF

Gross rent

$118.0K $23.28/SF

− Vacancy

−$6.5K −$1.28/SF

EGI

$111.5K $22.00/SF

− OpEx

−$50.2K −$9.90/SF

NOI

$61.3K $12.10/SF

Area

Manatee County, FL

Vacancy

5.50%

Lease Rate

$23.28 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,226,680

Cap Rate 7%

$876,200

Cap Rate 9%

$681,489

Alternative Uses

Best Use

Apartment 5plus

$876.2K

$766.7K – $1.02M (±1% cap)

NOI $61,334 @ 7.0% cap · market cap 4.16%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.49M

$1.30M – $1.74M (±1% cap)

NOI $104,344 @ 7.0% cap · market cap 7.07%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Hair Salon Auto Repair Shop Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

573

Businesses Nearby

Explore this area Business Placement

Demographics for 34203, FL

39,853

Population

20,709

Households

1.9

Avg Household Size

48

Median Age

26%

College-Educated

87%

High-School Grad

15.5 sq mi

ZIP Area

2,571

Density / Sq Mi

$68,030

Median Household Income

$39,829

Median Earnings

$1,437

Median Rent

$302,500

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this residential land & home lots located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

Where is this residential land & home lot located?

The property is located at 2008 53RD E Bradenton, FL.

What is the asking price?

The asking price for this property is $1,475,000.