Charming Building on Corner
For Sale
$799,995
3307 Manatee Ave W, Bradenton, FL 34205
Unique building with versatile potential in a prime location.
Property Size2,600 SF
Lot Size0.40 Acres
Days on Market166
Property Features for 3307 Manatee Ave W
General Information
Standard status
Active
Size
2,600 SF
Class
B
Lot size
0.40 Acres
Property subtype
Retail
Building Details
Building Size
2,600 SF
Year Built
1948
Listing Agency:
(941) 932-7131
Listed By:
Angela Varga · License #FL BK3026434
Source:
Gulfcoastcommercialgroup
Added: Mar 6
Changed: Aug 8
Last Checked: Aug 19 at 6:19AM
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 Angela Varga
Investment Insights
Based on property information with market context.
This charming, unique free-standing building is situated on a large corner parcel with lot dimensions of 126 feet fronting Manatee Avenue West and 148 feet along 33rd Street Court West. The Florida Cottage style building exudes a timeless charm while offering versatile potential for customization. Zoned UCC, this location presents possibilities including retail, office, medical, storage, restaurant, and mixed-use. The building is positioned towards the back of the parcel to take advantage of the spacious open surface parking lot directly off Manatee Avenue. There is business signage exposure on Manatee Avenue with traffic counts of over 45,000 daily. It is located on the south side of Manatee Avenue with over 125 feet of frontage visibility, on the corner of 33rd Street Court West and Manatee Avenue West, a short mile west from the Bradenton Downtown Urban Core and seven miles east from the Gulf of Mexico Beaches. The corner parcel is approximately 0.40 acres and is a perfect square lot.
Key Highlights
- Prime corner lot location with 126+ feet of frontage on Manatee Avenue West and high traffic visibility (45,000+ daily).
- UCC (Urban Commercial Core) zoning allows for diverse business uses: retail, office, medical, restaurant, and more.
- Large .40 acre parcel with ample open surface parking.
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
$31,974
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
4.00%
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%
$639,480
$639.5K
Cap Rate 7%
$456,771
$456.8K
Cap Rate 9%
$355,267
$355.3K
Market Conditions
NOI Build-Up for 2,600 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
$46.8K $18.00/SF
− Vacancy
−$1.1K −$0.43/SF
EGI
$45.7K $17.57/SF
− OpEx
−$13.7K −$5.27/SF
NOI
$32.0K $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%
$639,480
Cap Rate 7%
$456,771
Cap Rate 9%
$355,267
Alternative Uses
Best Use
Retail
$456.8K
$399.7K – $532.9K
NOI $31,974 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$764.6K
$669.0K – $892.0K
NOI $53,520 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,002
Businesses Nearby
89k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 49%
Shops & Services 28%
Apparel 17%
Dining 6%
Publix
Groceries
43,055 visits/mo
0.3 miles
Bealls
Apparel
15,191 visits/mo
0.3 miles
7-Eleven
Shops & Services
6,900 visits/mo
0.0 miles
Chevron
Shops & Services
6,114 visits/mo
0.3 miles
Shell
Shops & Services
5,413 visits/mo
0.0 miles
Demographics for 34205, FL
33,789
Population
16,610
Households
2
Avg Household Size
44
Median Age
24%
College-Educated
87%
High-School Grad
6.5 sq mi
ZIP Area
5,198
Density / Sq Mi
$51,170
Median Household Income
$37,037
Median Earnings
$1,323
Median Rent
$236,900
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.
Frequently Asked Questions
What type of property is this?
Storefront property - Unique building with versatile potential in a prime location.
Where is this storefront property located?
The property is located at 3307 Manatee Ave W Bradenton, FL.
What is the asking price?
The asking price for this property is $799,995.
What are key features of this property?
This property features: Prime corner lot location with **126+ feet of frontage on Manatee Avenue West** and high traffic visibility (45,000+ daily).; UCC (Urban Commercial Core) zoning allows for diverse business uses: retail, office, medical, restaurant, and more.; Large .40 acre parcel with ample open surface parking.
