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    Medical Office Building Redevelopment Title is generated by Realmo AI

    201 4th Ave E, Bradenton, FL 34208

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    For Sale
    $2,550,000

    Medical office building across from Manatee Memorial Hospital with elevator access, strong parking, and flexible T5 zoning.

    Type:Medical/Healthcare
    Property size:
    24,000 SF
    Price / SF:
    $106/SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 1:59 am

    Property Features for 201 4th Ave E

    General Information

    Standard status
    Active
    Size
    24,000 SF
    Property subtype
    Medical/Healthcare

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    Adam Doak
    Adam Doak

    Listing agent Adam Doak License #3271713

    Listing office American Property Group of Sarasota, Inc.

    Listing date Jun 3, 2026

    Source Thebrokerlist

    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 American Property Group of Sarasota, Inc.

    HighLights

    • Medical office building (~24,000 SF), built in 1985, located directly across from Manatee Memorial Hospital
    • Expected to be delivered 100% vacant by November 1, 2026, offering flexibility for owner‑user or redevelopment
    • Elevator access to the main floor with existing medical office infrastructure
    • Approximately 35 private on‑site parking spaces for patient/visitor access
    • Zoned T5 (Urban Center), supporting mixed‑use and redevelopment options
    • T5 zoning allows up to 5 stories by right (subject to approvals), with potential for additional height/density

    Overview

    This medical office building at 201 4th Ave E (Omega Medical) is being marketed as a redevelopment opportunity with significant vacancy. The property is expected to be delivered 100% vacant by November 1, 2026, providing flexibility for an owner-user, medical group, institutional operator, or redevelopment investor. Existing improvements include elevator access to the main floor and infrastructure suitable for medical or professional office use, supported by an exceptionally high parking ratio.

    The building is directly across from Manatee Memorial Hospital in the heart of Bradenton’s medical corridor. With approximately 35 private on-site parking spaces, it offers convenient on-site accessibility for employees, patients, and visitors. The property is described as having prominent visibility and immediate proximity to one of the region’s primary healthcare campuses.

    Zoned T5 (Urban Center), the property is positioned for a range of redevelopment planning options. T5 zoning is intended to support higher-intensity urban development and generally allows up to 5 stories by right, subject to applicable city approvals. For operators and developers seeking a medical office or mixed-use redevelopment site with established office-ready features and parking, this asset offers a practical combination of location, infrastructure, and zoning flexibility for long-term repositioning.
    Location Intelligence

    Current Use by Public Records

    Dr. a S. Hassan, ... Physician Manatee Surgical Specialists Physician ROBERT K. SNYDER, ... Ophthalmologist Dr. Paul E. ... Ophthalmologist Argeles Horacio J Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Medlin Enterprises — 4427 3rd ave e, bradenton, fl 34208
    • Crystal Berarducci, DVM — 5012 FL-64, Bradenton, FL 34208, United States
    • Braden River Animal Hospital — 5012 FL-64, Bradenton, FL 34208

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton
    County
    Manatee
    State
    Florida
    Longitude
    -82.5608895
    Latitude
    27.4963005

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    FAQs

    What type of property is this?
    Medical Office Space - Medical office building across from Manatee Memorial Hospital with elevator access, strong parking, and flexible T5 zoning.
    Where is this medical office space located?
    The property is located at 201 4th Ave E Bradenton, FL.
    What is the asking price?
    The asking price for this property is $2,550,000.
    What are key features of this property?
    This property features: Medical office building (~24,000 SF), built in 1985, located directly across from Manatee Memorial Hospital; Expected to be delivered 100% vacant by November 1, 2026, offering flexibility for owner‑user or redevelopment; Elevator access to the main floor with existing medical office infrastructure
    (941) 923-0535
    We can help!
    Listing Contact
    Adam Doak
    Adam Doak
    Real Estate License ID: 3271713
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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