Commercial Land with
For Sale
Contact for pricing
2503 53RD AVE W, Bradenton, FL 34203
Nearly half-acre site with an existing residence in a mixed-use corridor near retail, grocery, and service businesses.
Property Size1,218 SF
Price / SF$377.67
Days on Market111
Property Features for 2503 53RD AVE W
General Information
Standard status
Active
Size
1,218 SF
Property subtype
Retail
Zoning
FLU: PD-C
Building Details
Year Built
1955
Year Renovated
2026
Stories
1
Units
1
Listing Agency:
Loyd Robbins & Co
(941) 957-9300
Listed By:
Loyd Robbins · License #FL 3577625
Source:
Crexi
Added: May 12
Changed: Aug 29
Last Checked: Aug 29 at 8:37PM
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 Loyd Robbins & Co
Investment Insights
Based on property information with market context.
Nearly half an acre of commercial land along 53rd Avenue West includes an existing residence built in 1955. The property is identified with FLU: PD-C and sits within a developed suburban corridor characterized by retail, commercial, and service activity. The site’s existing improvement provides a basis for future commercial or retail redevelopment consistent with the surrounding pattern of uses.
The property is approximately 0.5 miles from the State College of Florida and 1.5 miles from IMG Academy. Grocery stores, convenience retailers, national retailers, and service providers are located in the surrounding area. Access is available from major local thoroughfares, with the site positioned along 53rd Avenue West in Bradenton, Florida.
The property is approximately 0.5 miles from the State College of Florida and 1.5 miles from IMG Academy. Grocery stores, convenience retailers, national retailers, and service providers are located in the surrounding area. Access is available from major local thoroughfares, with the site positioned along 53rd Avenue West in Bradenton, Florida.
Key Highlights
- Nearly half an acre of commercial land along 53rd Avenue West
- Existing residence built in 1955
- FLU: PD‑C designation
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
$14,978
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
3.26%
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%
$299,560
$299.6K
Cap Rate 7%
$213,971
$214.0K
Cap Rate 9%
$166,422
$166.4K
Market Conditions
NOI Build-Up for 1,218 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
$21.9K $18.00/SF
− Vacancy
−$526 −$0.43/SF
EGI
$21.4K $17.57/SF
− OpEx
−$6.4K −$5.27/SF
NOI
$15.0K $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%
$299,560
Cap Rate 7%
$213,971
Cap Rate 9%
$166,422
Alternative Uses
Best Use
Retail
$214.0K
$187.2K – $249.6K
NOI $14,978 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$358.2K
$313.4K – $417.9K
NOI $25,072 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
931
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
5,692 visits/mo
0.1 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Nearly half-acre site with an existing residence in a mixed-use corridor near retail, grocery, and service businesses.
Where is this commercial land located?
The property is located at 2503 53RD AVE W Bradenton, FL.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Nearly half an acre of commercial land along 53rd Avenue West; Existing residence built in 1955; FLU: PD‑C designation
