Office Condo with Reception
For Sale
$169,900
353 6TH Avenue W, Bradenton, FL 34205
SINGLE_FAMILY - BRADENTON, FL
Property Size900 SF
Lot Size0.06 Acres
Price / SF$188.78
Days on Market364
Property Features for 353 6TH Avenue W
General Information
Property type
Residential
Property subtype
Office
Zoning
OCF
Security features
Security System
Subdivision
THE CONTRACTORS MALL
Directions
From US 301 head West on Manatee Ave, turn left on 5th Street West, turn right on 6th Ave West. The big office complex would be on your right, on the corner of 6th Ave. West & 3rd St. West
Standard status
Active
APN
3267701351
Size
900 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
UNIT 353 CONTRACTORS MALL CONDO PI#32677.0135/1
Tax Annual Amount
1672
Legal Description
UNIT 353 CONTRACTORS MALL CONDO PI#32677.0135/1
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central, Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Flooring type
Carpet, Vinyl
Building materials
Metal Frame, Metal Siding
Listing Agency:
PREMIER SOTHEBY'S INTERNATIONAL REALTY
(941) 364-4000
Listed By:
Ziad Sleit · License #3072887
(941) 928-5493
Added: Aug 12, 2025
Changed: Aug 1
Last Checked: Aug 10 at 12:06AM
MLS# A4661874
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 office unit is located within a maintenance-free office complex and is currently occupied by a medically related tenant. The space was updated with new flooring and soft colors, and includes a large reception area, three offices, one bath, and a small kitchenette—well suited for a variety of professional uses. New A/C was installed in 02/26. The unit is heated with central systems and includes electric heat pump heating, with central air cooling.
Set on 0.06 acres, the property is 900 square feet and was built in 1985. Construction includes a metal frame with metal siding. Utilities include public water and public sewer, with phone service available. The location is described as one block from Manatee Avenue and down the street from the courthouse, with plenty of parking and proximity to professional businesses, retail shops, and restaurants.
Zoning is OCF, supporting a range of office-oriented uses.
Set on 0.06 acres, the property is 900 square feet and was built in 1985. Construction includes a metal frame with metal siding. Utilities include public water and public sewer, with phone service available. The location is described as one block from Manatee Avenue and down the street from the courthouse, with plenty of parking and proximity to professional businesses, retail shops, and restaurants.
Zoning is OCF, supporting a range of office-oriented uses.
Key Highlights
- Updated office unit with new A/C installed in 02/26
- 900 SF office condo within a maintenance‑free office complex
- Zoned OCF
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
2,157
Businesses Nearby
Explore this area
Business Placement
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 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 - Office unit in an OCF zone with updated flooring and new A/C (02/26), featuring a large reception area.
Where is this office units located?
The property is located at 353 6TH Avenue 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: Updated office unit with new A/C installed in 02/26; 900 SF office condo within a maintenance‑free office complex; Zoned OCF
