High-Visibility Industrial Compound in
For Sale
$3,580,000
2398 63RD E, Bradenton, FL 34203
2.4-acre industrial property with showroom, warehouse, and income potential.
Property Size3,000 SF
Lot Size2.38 Acres
Price / SF$246.90
Days on Market164
Property Features for 2398 63RD E
General Information
Standard status
Active
Size
3,000 SF
Lot size
2.38 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$20,256
Building Details
Building Size
3,000 SF
Year Built
1981
Listing Agency:
RE/MAX Alliance Group
(813) 579-7379
Listed By:
Yingyi Xu · License #3218790
(813) 579-7379
Source:
Elliman
Added: Mar 10
Changed: Aug 17
Last Checked: Aug 20 at 8:27AM
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 RE/MAX Alliance Group
Investment Insights
Based on property information with market context.
This 2.4-acre industrial compound is located on high-traffic 63rd Street in Central Bradenton. The property includes two upgraded buildings totaling 14,500 square feet of showroom and warehouse space. Building A has a total area of 10,000 square feet, featuring a 2,500-square-foot modern showroom/office, a 5,500-square-foot warehouse with three loading docks (one grade-level and two ground-level), and a 2,000-square-foot covered outdoor workstation. Building B, currently generating $5,000 per month in passive income, is a 4,500-square-foot warehouse with a private office and three level loading doors. The property features 21-foot clear heights, 3-phase power, and over 30 dedicated parking spaces, along with additional yard storage. The lot includes a retention pond and minimal vegetation, allowing for future development or footprint expansion. It is suited for light manufacturing, fitness centers, showrooms, logistics, or religious facilities.
Key Highlights
- High‑visibility frontage on high‑traffic 63rd Street offers exceptional street exposure.
- Two upgraded buildings totaling 14,500 SF of showroom and warehouse space.
- Building B generates $5,000/month in passive income.
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
$178,315
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
4.98%
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%
$3,566,300
$3.6M
Cap Rate 7%
$2,547,357
$2.5M
Cap Rate 9%
$1,981,278
$2.0M
Market Conditions
NOI Build-Up for 14,500 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
$261.0K $18.00/SF
− Vacancy
−$6.3K −$0.43/SF
EGI
$254.7K $17.57/SF
− OpEx
−$76.4K −$5.27/SF
NOI
$178.3K $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%
$3,566,300
Cap Rate 7%
$2,547,357
Cap Rate 9%
$1,981,278
Alternative Uses
Best Use
Retail
$2.55M
$2.23M – $2.97M
NOI $178,315 @ 7.0% cap · market cap 4.98%
Second Best
Warehouse
$2.12M
$1.85M – $2.47M
NOI $148,125 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$4.26M
$3.73M – $4.97M
NOI $298,480 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
845
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - 2.4-acre industrial property with showroom, warehouse, and income potential.
Where is this warehouse located?
The property is located at 2398 63RD E Bradenton, FL.
What is the asking price?
The asking price for this property is $3,580,000.
What are key features of this property?
This property features: High‑visibility frontage on high‑traffic 63rd Street offers exceptional street exposure.; Two upgraded buildings totaling 14,500 SF of showroom and warehouse space.; Building B generates $5,000/month in passive income.
