Commercial Assemblage on 15th
For Sale
Contact for pricing
2920 15th St E, Bradenton, FL
Three-parcel assemblage with frontage on 15th Street East.
Property Size3,180 SF
Lot Size0.18 Acres
Price / SF$455.97
Days on Market276
Property Features for 2920 15th St E
General Information
Standard status
Active
Size
3,180 SF
Lot size
0.18 Acres
Property subtype
RETAIL
Listing Agency:
J. DANIEL DOUGLASS
(941) 920-5638
Listed By:
Daniel Douglass · License #BK421130
(941) 920-5638
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 8
Last Checked: Aug 26 at 1:26PM
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 J. DANIEL DOUGLASS
Investment Insights
Based on property information with market context.
This property features a three-parcel assemblage situated at a lighted intersection, offering 270 feet of frontage on 15th Street East. The zoning for this portion is General Commercial (GC), accommodating various potential uses such as a storage facility, quick-service restaurant (QSR), gas pumps, retail space, and auto sales. The property encompasses 3,180 square feet. Seller financing options are available. There are two additional parcels available, totaling 20,687 square feet.
Key Highlights
- 270' of frontage on 15th Street East
- Zoned General Commercial (GC)
- Located at a lighted intersection
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
$41,900
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
2.89%
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%
$838,000
$838.0K
Cap Rate 7%
$598,571
$598.6K
Cap Rate 9%
$465,556
$465.6K
Market Conditions
NOI Build-Up for 3,180 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
$57.2K $18.00/SF
− Vacancy
−$1.4K −$0.43/SF
EGI
$55.9K $17.57/SF
− OpEx
−$14.0K −$4.39/SF
NOI
$41.9K $13.18/SF
Area
Manatee County, FL
Vacancy
2.40%
Lease Rate
$18.00 /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%
$838,000
Cap Rate 7%
$598,571
Cap Rate 9%
$465,556
Alternative Uses
Best Use
Specialty Retail
$598.6K
$523.8K – $698.3K
NOI $41,900 @ 7.0% cap · market cap 2.89%
Second Best
Retail
$558.7K
$488.8K – $651.8K
NOI $39,106 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$935.1K
$818.3K – $1.09M
NOI $65,460 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Dining 22%
Circle K
Shops & Services
8,098 visits/mo
0.5 miles
Family Dollar
Shops & Services
5,890 visits/mo
0.2 miles
Mi Rancho
Dining
5,135 visits/mo
0.5 miles
Marathon
Shops & Services
4,075 visits/mo
0.1 miles
The UPS Store
Shops & Services
381 visits/mo
0.5 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Gas station - Three-parcel assemblage with frontage on 15th Street East.
Where is this gas station located?
The property is located at 2920 15th St E Bradenton, FL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 270' of frontage on 15th Street East; Zoned General Commercial (GC); Located at a lighted intersection
