Renovated Multi-Unit Retail
For Sale
Contact for pricing
2203 9th St W, Bradenton, FL 34205
Renovated retail building with four units and 2021 improvements, zoned T4-O and partially occupied.
Property Size6,656 SF
Lot Size0.32 Acres
Price / SF$210.34
Days on Market158
Property Features for 2203 9th St W
General Information
Standard status
Active
Size
6,656 SF
Class
C
Lot size
0.32 Acres
Property subtype
Hospitality, Mixed Use, Office, Retail, Special Purpose
Zoning
T4-O
Occupancy
50%
Lease Type
Gross
Investment Type
Net Lease
Net Operating Income
$93,600
Building Details
Year Built
1935
Year Renovated
2021
Buildings
2
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
NDC Commercial Real Estate
Listed By:
Gavin Oberlin · License #SL3461965
Source:
Crexi
Added: Apr 1
Changed: Aug 23
Last Checked: Sep 1 at 5:02PM
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.
2203 9th St W is a renovated multi-unit retail building originally constructed in 1935 and renovated in 2021. The property includes four units within a total commercial building size that is presented as 5,176 SF in the remarks. The asset is described as 50% occupied and offers a mix of historic character with modern updates.
The property is zoned T4-O, which the remarks cite as providing flexibility for retail, street retail, or redevelopment opportunities. The location is described as near Downtown Bradenton and adjacent to popular destinations including the Village of the Arts and the Riverwalk, supporting a high-visibility setting with neighborhood connectivity.
This investment opportunity is presented as a value-add asset with an adaptable layout due to the multi-unit configuration and the cited T4-O zoning flexibility.
The property is zoned T4-O, which the remarks cite as providing flexibility for retail, street retail, or redevelopment opportunities. The location is described as near Downtown Bradenton and adjacent to popular destinations including the Village of the Arts and the Riverwalk, supporting a high-visibility setting with neighborhood connectivity.
This investment opportunity is presented as a value-add asset with an adaptable layout due to the multi-unit configuration and the cited T4-O zoning flexibility.
Key Highlights
- Renovated 5,176 SF retail/commercial building on 0.324 acres in Bradenton
- Built in 1935 and renovated in 2021
- Four‑unit layout currently 50% occupied
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
$81,853
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
5.85%
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%
$1,637,060
$1.6M
Cap Rate 7%
$1,169,329
$1.2M
Cap Rate 9%
$909,478
$909.5K
Market Conditions
NOI Build-Up for 6,656 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
$119.8K $18.00/SF
− Vacancy
−$2.9K −$0.43/SF
EGI
$116.9K $17.57/SF
− OpEx
−$35.1K −$5.27/SF
NOI
$81.9K $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%
$1,637,060
Cap Rate 7%
$1,169,329
Cap Rate 9%
$909,478
Alternative Uses
Best Use
Retail
$1.17M
$1.02M – $1.36M
NOI $81,853 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $137,012 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
35k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Groceries 43%
Key Food Supermarkets Bradenton
Groceries
15,329 visits/mo
0.4 miles
Firkins Chrysler Jeep Dodge Ram
Shops & Services
6,795 visits/mo
0.4 miles
Marathon Petroleum
Shops & Services
5,370 visits/mo
0.4 miles
Family Dollar
Shops & Services
4,403 visits/mo
0.5 miles
Napa Auto Parts
Shops & Services
1,439 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- LaPointe Creations — 914 34th Ave W, Bradenton, FL 34205
- King's Wholesale Florist — 3022 1st St, Bradenton, FL 34208
- Prime — 1814 tamiami trail, bradenton, fl 34205
Frequently Asked Questions
What type of property is this?
Storefront property - Renovated retail building with four units and 2021 improvements, zoned T4-O and partially occupied.
Where is this storefront property located?
The property is located at 2203 9th St W Bradenton, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Renovated 5,176 SF retail/commercial building on 0.324 acres in Bradenton; Built in 1935 and renovated in 2021; Four‑unit layout currently 50% occupied
