Climate-Controlled Storage Condominium
For Sale
$259,000
23-829 57th St E, Bradenton, FL 34209
Individually owned garage units offer climate-controlled storage with private entrances and half bathrooms.
Property Size741 SF
Price / SF$349.53
Days on Market14
Property Features for 23-829 57th St E
General Information
Standard status
Active
Size
741 SF
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
16 ft
Conditioned Warehouse
Yes
Additional Details
Property Use
Self Storage
Taxes and HOA fees
Annual Taxes
$10,490
Building Details
Construction
concrete block
Listing Agency:
MICHAEL SAUNDERS & COMPANY
(941) 388-4447
Listed By:
Joanna Benante · License #SL3194005
(941) 356-7718
Source:
Exprealty
Added: Oct 15
Changed: Oct 25
Last Checked: Oct 26 at 10:10PM
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 MICHAEL SAUNDERS & COMPANY
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Investment Insights
Based on property information with market context.
This climate-controlled storage property contains 36 individually owned garage condominiums. Each unit has a motorized 14-foot-high by 12-foot-wide garage door with remote and keypad, a separate pedestrian entrance, a half bathroom, concrete flooring, and 16-foot ceilings. Electric service is separately metered, and water is included in the association fees. Many construction components are rated for hurricane impact under Miami-Dade CAT5 standards, with concrete block and steel reinforcement also specified.
The property is off SR 64, west of I-75, with a drive from downtown Sarasota, Bradenton, and the barrier islands described as convenient. The garage units are presented for vehicle, RV, and boat storage.
The property is off SR 64, west of I-75, with a drive from downtown Sarasota, Bradenton, and the barrier islands described as convenient. The garage units are presented for vehicle, RV, and boat storage.
Key Highlights
- 36 individually owned garage condominiums
- Climate‑controlled facility
- Motorized 14' H x 12' W garage door in each unit, with remote and keypad
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,687
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$153,740
$153.7K
Cap Rate 7%
$109,814
$109.8K
Cap Rate 9%
$85,411
$85.4K
Market Conditions
NOI Build-Up for 741 SF
Gross rent
$11.6K $15.60/SF
− Vacancy
−$578 −$0.78/SF
EGI
$11.0K $14.82/SF
− OpEx
−$3.3K −$4.45/SF
NOI
$7.7K $10.37/SF
Area
Manatee County, FL
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$153,740
Cap Rate 7%
$109,814
Cap Rate 9%
$85,411
Alternative Uses
Best Use
Self Storage
$109.8K
$96.1K – $128.1K
NOI $7,687 @ 7.0% cap · market cap 2.97%
Second Best
Warehouse
$108.1K
$94.6K – $126.2K
NOI $7,570 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$217.9K
$190.7K – $254.2K
NOI $15,253 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
16 ft
Clear height
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
813
Businesses Nearby
Explore this area
Business Placement
Demographics for 34209, FL
32,940
Population
18,896
Households
1.7
Avg Household Size
58
Median Age
36%
College-Educated
93%
High-School Grad
12.6 sq mi
ZIP Area
2,614
Density / Sq Mi
$80,829
Median Household Income
$41,649
Median Earnings
$1,847
Median Rent
$357,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - Individually owned garage units offer climate-controlled storage with private entrances and half bathrooms.
Where is this self storage facility located?
The property is located at 23-829 57th St E Bradenton, FL.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 36 individually owned garage condominiums; Climate‑controlled facility; Motorized 14' H x 12' W garage door in each unit, with remote and keypad
