Renovated Multi-Tenant Industrial
For Sale
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2223 9th St W, Bradenton, FL 34205
Renovated 8-unit industrial flex property with updated functionality and current 70% occupancy.
Property Size5,200 SF
Lot Size0.50 Acres
Price / SF$298.08
Days on Market206
Property Features for 2223 9th St W
General Information
Standard status
Active
Size
5,200 SF
Class
C
Lot size
0.50 Acres
Property subtype
Industrial, Mixed Use, Office, Retail, Self Storage
Zoning
T4-O
Occupancy
70%
Lease Type
Gross
Investment Type
Net Lease
Net Operating Income
$70,000
Additional Details
Highway Access
Yes
Building Details
Year Built
1945
Year Renovated
2021
Buildings
1
Stories
1
Units
8
Tenancy
Multi
Listing Agency:
NDC Commercial Real Estate
Listed By:
Gavin Oberlin · License #SL3461965
Source:
Crexi
Added: Apr 1
Changed: Oct 13
Last Checked: Oct 23 at 4:06AM
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
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Investment Insights
Based on property information with market context.
2223 9TH ST W is a renovated, multi-tenant industrial flex property originally built in 1949 and extensively renovated in 2021. The building comprises 8 units and is described as offering a flexible layout suitable for industrial, manufacturing, and light commercial uses. The asset is currently 70% occupied, providing in-place income alongside additional lease-up potential.
The property sits on approximately 0.495 acres at 2223 9th Street West in Bradenton, FL 34205. It is zoned T4-O and positioned to provide convenient access to major transportation corridors, including I-75, Sarasota-Bradenton International Airport, Port Manatee, and Lakewood Ranch.
At approximately 6,656 SF, the configuration supports multiple tenants within a single building, with a modernized functionality following the 2021 renovation.
The property sits on approximately 0.495 acres at 2223 9th Street West in Bradenton, FL 34205. It is zoned T4-O and positioned to provide convenient access to major transportation corridors, including I-75, Sarasota-Bradenton International Airport, Port Manatee, and Lakewood Ranch.
At approximately 6,656 SF, the configuration supports multiple tenants within a single building, with a modernized functionality following the 2021 renovation.
Key Highlights
- 8‑unit renovated industrial flex property on approx. 0.495 acres
- 6,656 SF building with flexible layout for industrial, manufacturing, and light commercial uses
- Extensively renovated in 2021; originally built in 1949
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,248
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,024,960
$1.0M
Cap Rate 7%
$732,114
$732.1K
Cap Rate 9%
$569,422
$569.4K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$83.0K $15.96/SF
− Vacancy
−$4.1K −$0.80/SF
EGI
$78.8K $15.16/SF
− OpEx
−$27.6K −$5.31/SF
NOI
$51.2K $9.86/SF
Area
Manatee County, FL
Vacancy
5.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,024,960
Cap Rate 7%
$732,114
Cap Rate 9%
$569,422
Alternative Uses
Best Use
Flex RnD
$732.1K
$640.6K – $854.1K
NOI $51,248 @ 7.0% cap · market cap 3.31%
Second Best
Industrial
$624.9K
$546.8K – $729.1K
NOI $43,746 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $107,041 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
Under-served
Demand for This Use
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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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Renovated 8-unit industrial flex property with updated functionality and current 70% occupancy.
Where is this flex space located?
The property is located at 2223 9th St W Bradenton, FL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 8‑unit renovated industrial flex property on approx. 0.495 acres; 6,656 SF building with flexible layout for industrial, manufacturing, and light commercial uses; Extensively renovated in 2021; originally built in 1949
