Fully Leased Neighborhood Shopping
For Sale
$1,200,000
3020 15TH Street E, Bradenton, FL 34208
Commercial Sale, BRADENTON, FL
Property Size5,109 SF
Lot Size0.75 Acres
Price / SF$234.88
Days on Market267
Property Features for 3020 15TH Street E
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
GC
Subdivision
GLAZIER GALLUP LIST
Directions
3020 15th Street E, Bradenton
Standard status
Active
APN
4710001050
Size
5,109 SF
Lot size
0.75 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOTS 7,9,11 & 13 & THE E 25 FT OF LOTS 8 & 10, BLK F, GLAZIER GALLUP LIST SUB; LESS RD R/W DESC IN OR 903 P 1684 PRMCF PI#47100.0105/0
Tax Annual Amount
12234
Legal Description
LOTS 7,9,11 & 13 & THE E 25 FT OF LOTS 8 & 10, BLK F, GLAZIER GALLUP LIST SUB; LESS RD R/W DESC IN OR 903 P 1684 PRMCF PI#47100.0105/0
Building Details
Year built
1980
Floors in Building
1
Building materials
Block
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Holly DiMemmo · License #3490452
(813) 210-1998
Added: Dec 16, 2025
Changed: Sep 9
Last Checked: Sep 9 at 2:06AM
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.
Investment Insights
Based on property information with market context.
This 5,109-square-foot neighborhood shopping center occupies 0.75 acres and contains multiple retail spaces. The property is fully leased and built with durable block construction dating to 1980. Its established tenant mix supports its role as an income-producing retail asset.
The center is located at 3020 15th Street E in Bradenton, within Manatee County. The property offers street visibility, access from 15th Street East, and on-site parking. Residential neighborhoods and expanding commercial development surround the center, adding established local context for the retail uses.
The center is located at 3020 15th Street E in Bradenton, within Manatee County. The property offers street visibility, access from 15th Street East, and on-site parking. Residential neighborhoods and expanding commercial development surround the center, adding established local context for the retail uses.
Key Highlights
- Fully leased multi‑tenant neighborhood retail center
- 5,109 square feet on 0.75 acres
- Block construction completed in 1980
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
$62,828
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
5.24%
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%
$1,256,560
$1.3M
Cap Rate 7%
$897,543
$897.5K
Cap Rate 9%
$698,089
$698.1K
Market Conditions
NOI Build-Up for 5,109 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
$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 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%
$1,256,560
Cap Rate 7%
$897,543
Cap Rate 9%
$698,089
Alternative Uses
Best Use
Retail
$897.5K
$785.4K – $1.05M
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
NOI $105,168 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- D’Aranas Salon — 121 42nd Ave E, Bradenton, FL 34208
- Desoto Junction Shopping Center — 3611 1st St E, Bradenton, FL 34208
Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail center with block construction 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: Fully leased multi‑tenant neighborhood retail center; 5,109 square feet on 0.75 acres; Block construction completed in 1980
