Class A Medical Office
For Sale
Contact for pricing
2816 Manatee Ave W, Bradenton, FL 34205
Turnkey Class A medical suite with high-end finishes, seven exam rooms, and two treatment rooms.
Property Size4,390 SF
Price / SF$472.67
Days on Market211
Property Features for 2816 Manatee Ave W
General Information
Standard status
Active
Size
4,390 SF
Class
A
Property subtype
OFFICE
Additional Details
Business Included
Yes
Road Access
Yes
Listing Agency:
RIPCO Real Estate | Tampa
(813) 320-0050
Listed By:
Jaclyn Blair · License #SL3371512
(813) 921-5636
Source:
Moodyscre
Added: Feb 6
Changed: Aug 22
Last Checked: Jul 21 at 6:04AM
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 RIPCO Real Estate | Tampa
Investment Insights
Based on property information with market context.
This Class A medical office suite is currently income producing on a longer-term lease, with the existing tenant open to vacating upon sale. The space features high-end finishes along with seven exam rooms, two treatment rooms, and large executive offices, offering a turnkey setup for a medical practice.
Located at 2816 Manatee Ave W in Bradenton, the suite offers exceptional road frontage on Manatee Avenue, providing in-place advertising and aiming to support ease of access for patients.
Located at 2816 Manatee Ave W in Bradenton, the suite offers exceptional road frontage on Manatee Avenue, providing in-place advertising and aiming to support ease of access for patients.
Key Highlights
- Class A medical office suite currently income producing on a longer‑term lease; tenant is open to vacating upon sale
- 7 exam rooms plus 2 treatment rooms for patient care workflows
- Includes large executive offices and high‑end finishes
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
$71,687
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
3.45%
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%
$1,433,740
$1.4M
Cap Rate 7%
$1,024,100
$1.0M
Cap Rate 9%
$796,522
$796.5K
Market Conditions
NOI Build-Up for 4,390 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
$101.1K $23.04/SF
− Vacancy
−$5.6K −$1.27/SF
EGI
$95.6K $21.77/SF
− OpEx
−$23.9K −$5.44/SF
NOI
$71.7K $16.33/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,433,740
Cap Rate 7%
$1,024,100
Cap Rate 9%
$796,522
Alternative Uses
Best Use
Office B
$1.02M
$896.1K – $1.19M
NOI $71,687 @ 7.0% cap · market cap 3.45%
Second Best
Healthcare Medical
$968.2K
$847.2K – $1.13M
NOI $67,775 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,367 @ 7.0% cap · market cap 4.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
896
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Manatee Veterinary Clinic — 3607 Manatee Ave W, Bradenton, FL 34205
- Bradenton Veterinary Emergency — 2910 Manatee Ave W, Bradenton, FL 34205
- DeSoto Animal Clinic — 2910 Manatee Ave W, Bradenton, FL 34205
- Denise Vondrasek, DVM — 2910 Manatee Ave W, Bradenton, FL 34205
Frequently Asked Questions
What type of property is this?
Medical Office Space - Turnkey Class A medical suite with high-end finishes, seven exam rooms, and two treatment rooms.
Where is this medical office space located?
The property is located at 2816 Manatee Ave W Bradenton, FL.
What is the asking price?
The asking price for this property is $2,075,000.
What are key features of this property?
This property features: Class A medical office suite currently income producing on a longer‑term lease; tenant is open to vacating upon sale; 7 exam rooms plus 2 treatment rooms for patient care workflows; Includes large executive offices and high‑end finishes
