Ellenton Warehouse on US Hwy
For Sale
$1,900,000
3203 U.S HWY 301 N, Bradenton, FL 34222
10,800 SF warehouse with excellent highway access and visibility.
Property Size10,800 SF
Price / SF$175.93
Days on Market270
Property Features for 3203 U.S HWY 301 N
General Information
Standard status
Active
Size
10,800 SF
Property subtype
Industrial
Building Details
Building Size
10,800 SF
Year Built
1974
Listing Agency:
Lee & Associates | Tampa Bay
(813) 230-8008
Listed By:
Julia Silva, SIOR · License ##BK624316
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Aug 23
Last Checked: Aug 23 at 3:52AM
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 Lee & Associates | Tampa Bay
Investment Insights
Based on property information with market context.
This 10,800 square foot property in Ellenton, Florida, includes 2,000 square feet of office space and is situated on 1.19 acres. The warehouse features three dock-high doors and one ramp. The clear height ranges from 13 to 20 feet. It has single-phase power at 225 amps. Zoned GC (General Commercial), the property's roof is slated for replacement. The location offers convenient access to major transportation routes, being 2.8 miles from I-75 and 5 miles from I-275. This provides connectivity to South Florida, Tampa, Orlando via I-4, and Pinellas County via the Sunshine Skyway Bridge. Situated on US Hwy 301, the property benefits from high visibility with 38,500 daily travelers. Key transportation hubs such as the Sarasota-Bradenton International Airport and the Port of Tampa are within a 35-mile drive.
Key Highlights
- Excellent location with high visibility on US Hwy 301 (38,500 daily travelers).
- Easy access to major transportation routes: 2.8 miles from I‑75 and 5 miles from I‑27.
- Functional warehouse space: 10,800 SF total, including 2,000 SF of office space.
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
$110,327
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
5.81%
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%
$2,206,540
$2.2M
Cap Rate 7%
$1,576,100
$1.6M
Cap Rate 9%
$1,225,856
$1.2M
Market Conditions
NOI Build-Up for 10,800 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
$134.8K $12.48/SF
− Vacancy
−$5.0K −$0.46/SF
EGI
$129.8K $12.02/SF
− OpEx
−$19.5K −$1.80/SF
NOI
$110.3K $10.22/SF
Area
Manatee County, FL
Vacancy
3.70%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
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%
$2,206,540
Cap Rate 7%
$1,576,100
Cap Rate 9%
$1,225,856
Alternative Uses
Best Use
Warehouse
$1.58M
$1.38M – $1.84M
NOI $110,327 @ 7.0% cap · market cap 5.81%
Second Best
Industrial
$1.30M
$1.14M – $1.51M
NOI $90,858 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$3.18M
$2.78M – $3.71M
NOI $222,316 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34222, FL
14,097
Population
7,931
Households
1.8
Avg Household Size
57
Median Age
23%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
2,660
Density / Sq Mi
$66,105
Median Household Income
$35,231
Median Earnings
$1,525
Median Rent
$194,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- CONRI Services, Inc. — 2021 51st Ave E Building 11, Palmetto, FL 34221
Frequently Asked Questions
What type of property is this?
Warehouse - 10,800 SF warehouse with excellent highway access and visibility.
Where is this warehouse located?
The property is located at 3203 U.S HWY 301 N Bradenton, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Excellent location with high visibility on US Hwy 301 (38,500 daily travelers).; Easy access to major transportation routes: 2.8 miles from I‑75 and 5 miles from I‑27.; Functional warehouse space: 10,800 SF total, including 2,000 SF of office space.
