Updated Medical Office
For Sale
$169,900
353 6th Ave W, Bradenton, FL 34208
Well-kept office condo with reception area, three offices, bath, and kitchenette in a maintenance-free complex.
Property Size900 SF
Price / SF$188.78
Days on Market361
Property Features for 353 6th Ave W
General Information
Standard status
Active
Size
900 SF
Taxes and HOA fees
Annual Taxes
$1,672
Building Details
Tenancy
Single
Listing Agency:
PREMIER SOTHEBY'S INTERNATIONAL REALTY
(941) 928-5493
Listed By:
Ziad Sleit · License #3072887
(941) 928-5493
Source:
Exprealty
Added: Aug 15, 2025
Changed: Aug 7
Last Checked: Aug 9 at 9:37AM
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 PREMIER SOTHEBY'S INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
This professionally managed office condo is located within a maintenance-free office complex and is currently occupied by a medically related tenant. The space has been updated with soft colors, new flooring, and new A/C installed in 02/26. Inside, the layout includes a large reception area, three offices, one bathroom, and a small kitchenette, creating a functional plan for client-facing operations.
The property is described as being one block from Manatee Avenue and just down the street from the courthouse. It also offers plenty of parking and sits near other professional businesses, retail shops, and restaurants, which can support day-to-day customer and client access.
With its reception and multiple offices, this condo is a practical fit for service-oriented users such as legal, mortgage, insurance, or therapy-related practices. It may also work for other office uses that benefit from a compact, turn-key interior arrangement within a clean, well-maintained, maintenance-free setting.
The property is described as being one block from Manatee Avenue and just down the street from the courthouse. It also offers plenty of parking and sits near other professional businesses, retail shops, and restaurants, which can support day-to-day customer and client access.
With its reception and multiple offices, this condo is a practical fit for service-oriented users such as legal, mortgage, insurance, or therapy-related practices. It may also work for other office uses that benefit from a compact, turn-key interior arrangement within a clean, well-maintained, maintenance-free setting.
Key Highlights
- Professional business office condo in a maintenance‑free, well‑kept office complex
- Updated office space with new flooring and new A/C (02/26)
- Interior includes a large reception area, three offices, one bath, and a small kitchenette
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
$14,697
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
8.65%
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%
$293,940
$293.9K
Cap Rate 7%
$209,957
$210.0K
Cap Rate 9%
$163,300
$163.3K
Market Conditions
NOI Build-Up for 900 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
$20.7K $23.04/SF
− Vacancy
−$1.1K −$1.27/SF
EGI
$19.6K $21.77/SF
− OpEx
−$4.9K −$5.44/SF
NOI
$14.7K $16.33/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
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%
$293,940
Cap Rate 7%
$209,957
Cap Rate 9%
$163,300
Alternative Uses
Best Use
Office B
$210.0K
$183.7K – $245.0K
NOI $14,697 @ 7.0% cap · market cap 8.65%
Second Best
Healthcare Medical
$198.5K
$173.7K – $231.6K
NOI $13,895 @ 7.0% cap · market cap 8.18%
Theoretical Best
Office A
$264.7K
$231.6K – $308.8K
NOI $18,526 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,528
Businesses Nearby
Explore this area
Business Placement
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 Office 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?
Office units - Well-kept office condo with reception area, three offices, bath, and kitchenette in a maintenance-free complex.
Where is this office units located?
The property is located at 353 6th Ave W Bradenton, FL.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Professional business office condo in a maintenance‑free, well‑kept office complex; Updated office space with new flooring and new A/C (02/26); Interior includes a large reception area, three offices, one bath, and a small kitchenette
