Building Details

Year built 1980

Floors in Building 1

Building materials Block

Listing Agency: LPT REALTY, LLC b***@lpt.com Show Phone

Listed By: Holly DiMemmo Show Phone

Added: Dec 16, 2025 Changed: Oct 23 Last Checked: Oct 26 at 1:06AM

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MLS# TB8456834

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 5,109-square-foot retail center contains multiple tenant spaces and is fully leased. The building has block construction and was built in 1980. The site totals 0.75 acres and carries GC zoning.

The property is located on 15th Street East in Bradenton, amid residential neighborhoods and commercial development.

Key Highlights

• 5,109‑square‑foot multi‑tenant retail center
• Fully leased with a varied mix of established tenants
• 0.75‑acre site zoned GC

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$62,828

Cap Rate

5.24%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,256,560 $1.3M

Cap Rate 7%

$897,543 $897.5K

Cap Rate 9%

$698,089 $698.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,109 SF

Gross rent

$92.0K $18.00/SF

− Vacancy

−$2.2K −$0.43/SF

EGI

$89.8K $17.57/SF

− OpEx

−$26.9K −$5.27/SF

NOI

$62.8K $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 Rate 5%

$1,256,560

Cap Rate 7%

$897,543

Cap Rate 9%

$698,089

Alternative Uses

Best Use

Retail

$897.5K

$785.4K – $1.05M (±1% cap)

NOI $62,828 @ 7.0% cap · market cap 5.24%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.50M

$1.31M – $1.75M (±1% cap)

NOI $105,168 @ 7.0% cap · market cap 8.76%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Polo Crab House ... Restaurant Metro by T-Mobile Mobile Phone Store Patrice B Beauty Cosmetic Store Peay Fashion Boutique Clothing & Fashion Store Feall services Electronics & Wireless Store

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Nail Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

356

Businesses Nearby

23k

Monthly Visits Nearby

Under-served

Demand for This Use

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 0.1 miles

Mi Rancho Dining

5,135 visits/mo 0.3 miles

Marathon Shops & Services

4,075 visits/mo 0.0 miles

Demographics for 34208, FL

38,522

Population

17,056

Households

2.3

Avg Household Size

38

Median Age

22%

College-Educated

80%

High-School Grad

16.5 sq mi

ZIP Area

2,335

Density / Sq Mi

$59,899

Median Household Income

$37,489

Median Earnings

$1,409

Median Rent

$303,600

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Shopping center - The fully leased property has a varied retail tenant mix and GC zoning.

Where is this shopping center located?

The property is located at 3020 15TH Street E Bradenton, FL.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: 5,109‑square‑foot multi‑tenant retail center; Fully leased with a varied mix of established tenants; 0.75‑acre site zoned GC