Freestanding Retail Building on 44th
For Sale
Contact for pricing
204 44th Ave E, Bradenton, FL 34203
Highly visible retail building in Bradenton's evolving commercial corridor.
Property Size11,058 SF
Lot Size0.77 Acres
Price / SF$171.37
Days on Market150
Property Features for 204 44th Ave E
General Information
Standard status
Active
Size
11,058 SF
Class
B
Lot size
0.77 Acres
Property subtype
Retail
Listing Agency:
Harry E Robbins Associate
(941) 724-2321
Listed By:
Kevin Robbins · License #SL3042951
Source:
Crexi
Added: Mar 17
Changed: Aug 8
Last Checked: Aug 12 at 4:15AM
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 Harry E Robbins Associate
Investment Insights
Based on property information with market context.
Located at 204 44th Avenue East in Bradenton, this 11,058-square-foot, single-tenant, Class C freestanding retail building is situated on 0.77 acres. The property features 155 feet of frontage on 44th Avenue East, a major thoroughfare undergoing infrastructure expansion. Zoned NCM (Neighborhood Commercial – Medium), the one-story building is suitable for retail, showroom, or service-oriented businesses. The site offers direct access, on-site parking, and proximity to developing residential and commercial areas. The location is expected to benefit from increased traffic flow and connectivity upon the completion of the 44th Avenue East extension, which is projected to carry up to 36,000 vehicles daily. The property is located in Manatee County.
Key Highlights
- High‑visibility location with 155 feet of frontage on 44th Avenue East.
- Projected increase in traffic flow to 36,000 vehicles daily upon completion of 44th Avenue East extension.
- Zoned NCM (Neighborhood Commercial – Medium) offering flexibility for retail, showroom, or service‑oriented businesses.
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
$135,987
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
7.18%
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%
$2,719,740
$2.7M
Cap Rate 7%
$1,942,671
$1.9M
Cap Rate 9%
$1,510,967
$1.5M
Market Conditions
NOI Build-Up for 11,058 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
$199.0K $18.00/SF
− Vacancy
−$4.8K −$0.43/SF
EGI
$194.3K $17.57/SF
− OpEx
−$58.3K −$5.27/SF
NOI
$136.0K $12.30/SF
Area
Manatee County, FL
Vacancy
2.40%
Lease Rate
$18.00 /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%
$2,719,740
Cap Rate 7%
$1,942,671
Cap Rate 9%
$1,510,967
Alternative Uses
Best Use
Retail
$1.94M
$1.70M – $2.27M
NOI $135,987 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.85M – $3.79M
NOI $227,627 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
50
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Highly visible retail building in Bradenton's evolving commercial corridor.
Where is this retail space located?
The property is located at 204 44th Ave E Bradenton, FL.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: High‑visibility location with **155 feet of frontage on 44th Avenue East.**; Projected increase in traffic flow to 36,000 vehicles daily upon completion of 44th Avenue East extension.; Zoned NCM (Neighborhood Commercial – Medium) offering flexibility for retail, showroom, or service‑oriented businesses.
