Office-Retail Mixed-Use
For Sale
Contact for pricing
2103 Manatee Ave W, Bradenton, FL 34205
Two separate buildings combine one- and two-story layouts with four restrooms and parking areas along the side and rear.
Property Size3,873 SF
Lot Size0.34 Acres
Price / SF$322.75
Days on Market25
Property Features for 2103 Manatee Ave W
General Information
Standard status
Active
Size
3,873 SF
Lot size
0.34 Acres
Property subtype
OFFICE
Additional Details
Road Access
Yes
Building Details
Year Renovated
2026
Buildings
2
Listing Agency:
NDC Commercial Real Estate
(941) 285-6727
Listed By:
Benjamin Bakker, CCIM · License #3279071
(941) 724-8009
Source:
Moodyscre
Added: Sep 1
Changed: Sep 24
Last Checked: Sep 24 at 2:57PM
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 NDC Commercial Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property comprises two freestanding office and retail buildings totaling 3,873 square feet. One building contains 2,432 square feet across two stories; the other offers 1,441 square feet on a single level. A 2026 renovation updated both interiors and exteriors, including sheet metal roofing and HVAC equipment. The property also has four restrooms and surface parking along the side and rear.
The 0.34-acre site fronts Manatee Avenue W in Bradenton, just outside downtown. It has 115 feet of frontage and three points of ingress and egress.
The 0.34-acre site fronts Manatee Avenue W in Bradenton, just outside downtown. It has 115 feet of frontage and three points of ingress and egress.
Key Highlights
- Two freestanding buildings total 3,873 square feet
- Building areas are 2,432 square feet over two stories and 1,441 square feet on one level
- Both buildings renovated inside and out in 2026
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
$67,899
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
5.43%
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%
$1,357,980
$1.4M
Cap Rate 7%
$969,986
$970.0K
Cap Rate 9%
$754,433
$754.4K
Market Conditions
NOI Build-Up for 3,873 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
$116.2K $30.00/SF
− Vacancy
−$7.6K −$1.95/SF
EGI
$108.6K $28.05/SF
− OpEx
−$40.7K −$10.52/SF
NOI
$67.9K $17.53/SF
Area
Manatee County, FL
Vacancy
6.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,357,980
Cap Rate 7%
$969,986
Cap Rate 9%
$754,433
Alternative Uses
Best Use
Mixed Use
$970.0K
$848.7K – $1.13M
NOI $67,899 @ 7.0% cap · market cap 5.43%
Second Best
Office B
$903.5K
$790.6K – $1.05M
NOI $63,245 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$1.14M
$996.6K – $1.33M
NOI $79,725 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,893
Businesses Nearby
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
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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?
Mixed-use property - Two separate buildings combine one- and two-story layouts with four restrooms and parking areas along the side and rear.
Where is this mixed-use property located?
The property is located at 2103 Manatee Ave W Bradenton, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two freestanding buildings total 3,873 square feet; Building areas are 2,432 square feet over two stories and 1,441 square feet on one level; Both buildings renovated inside and out in 2026
