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    Income Producing Retail Strip Mall Title is generated by Realmo AI

    3020 15TH STREET E, Bradenton, FL 34208

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    For Sale
    $1,200,000

    Retail - BRADENTON, FL

    Type:Retail
    Property size:
    5,109 SF
    Lot size:
    0.75 Acres
    Price / SF:
    $234/SF
    Added:
    Dec 16, 2025
    Days on Market:
    174
    Last Refresh:
    Jun 8 at 7:06 am

    Property Features for 3020 15TH STREET E

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    GC
    Standard status
    Active
    APN
    4710001050
    Size
    5,109 SF
    Lot size
    0.75 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    12234.11

    Building Details

    Year built
    1980
    Building materials
    Block
    Architectural style
    Other

    We can help!

    Listing Contact
    Holly DiMemmo

    Listing agent Holly DiMemmo License #3490452

    Listing office LPT REALTY, LLC 1400 South International Parkw, Lake Mary, FL

    Listing date Dec 16, 2025

    MLS# TB8456834 Listing URL

    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.

    HighLights

    • Income‑producing strip mall.
    • Located in an established and growing area of Bradenton.
    • High visibility from the street.
    • Suitable for both new and seasoned investors.
    • Built in 1980.
    • Construction material: Block.

    Overview

    This income producing retail strip mall offers a compact retail configuration totaling 5,109 square feet on a 0.75-acre lot. The property is presented for sale with the goal of serving tenants in an established Bradenton area, supported by street visibility described in the listing remarks.

    The site is located at 3020 15TH STREET E in Bradenton, Florida 34208, in Manatee County. The listing notes plenty of visibility from the street, which can support retail foot traffic and roadside exposure for prospective tenants.

    For investors or owners seeking a straightforward retail asset, this GC-zoned strip mall provides an income producing retail format in a continuing growth market as characterized by the seller remarks. It may be a suitable fit for buyers looking to add a retail strip property to an existing portfolio, with the practical advantage of direct street visibility for tenant marketing and customer access.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $92.0k $18.00
    − Vacancy −$2.2k −$0.43
    EGI $89.8k $17.57
    − OpEx −$26.9k −$5.27
    NOI $62.8k $12.30
    5,109 SF · lease $18.00/SF/yr · vacancy 2.40% · expense 30.00%

    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 local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    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

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton
    County
    Manatee
    State
    Florida
    Longitude
    -82.546977
    Latitude
    27.47258

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    FAQs

    What type of property is this?
    Strip mall - Street-visible retail strip mall zoned GC, offered for sale in Bradenton’s established growth area.
    Where is this strip mall 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: Income‑producing strip mall.; Located in an established and growing area of Bradenton.; High visibility from the street.
    (813) 210-1998
    We can help!
    Listing Contact
    Holly DiMemmo
    Real Estate License ID: 3490452
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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