Two-Bedroom Half-Duplex
For Sale
$175,000
4007 78TH STREET W, Bradenton, FL 34209
Private half-duplex home with green space, association-maintained exteriors, and a one-year minimum lease requirement.
Property Size1,078 SF
Days on Market93
Property Features for 4007 78TH STREET W
General Information
Standard status
Active
Size
1,078 SF
Property subtype
Duplex
Additional Details
HOA Fee
$370
Multifamily Units
1
Building Details
Building Size
1,078 SF
Year Built
1981
Listing Agency:
CENTURY 21 INTEGRA
Listed By:
Jill Young · License #3275936
(941) 792-2111
Source:
Andrewgarcia-fl.kw
Added: Jun 4
Changed: Aug 30
Last Checked: Sep 2 at 1:31PM
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 CENTURY 21 INTEGRA
Investment Insights
Based on property information with market context.
This 1981 half-duplex home offers two bedrooms and two bathrooms within a small residential community. The property includes additional green space and a private setting, while the association handles lawn maintenance, exterior painting, the roof, and building insurance. Short-term rentals are not permitted, and leases must run for at least one year.
The home is in West Bradenton, approximately 5 miles from the Gulf beaches of Anna Maria Island. Shopping, restaurants, and the Palma Sola softball fields are also nearby, providing convenient access to everyday services and recreation. The configuration supports residential use with clear rental guidelines already established for the community.
The home is in West Bradenton, approximately 5 miles from the Gulf beaches of Anna Maria Island. Shopping, restaurants, and the Palma Sola softball fields are also nearby, providing convenient access to everyday services and recreation. The configuration supports residential use with clear rental guidelines already established for the community.
Key Highlights
- Two‑bedroom, two‑bathroom half of a duplex
- Built in 1981
- Additional green space with a private setting
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
$13,044
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
7.45%
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%
$260,880
$260.9K
Cap Rate 7%
$186,343
$186.3K
Cap Rate 9%
$144,933
$144.9K
Market Conditions
NOI Build-Up for 1,078 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
$25.1K $23.28/SF
− Vacancy
−$1.4K −$1.28/SF
EGI
$23.7K $22.00/SF
− OpEx
−$10.7K −$9.90/SF
NOI
$13.0K $12.10/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$260,880
Cap Rate 7%
$186,343
Cap Rate 9%
$144,933
Alternative Uses
Best Use
Apartment 5plus
$186.3K
$163.1K – $217.4K
NOI $13,044 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$317.0K
$277.4K – $369.8K
NOI $22,190 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
Explore this area
Business Placement
Demographics for 34209, FL
32,940
Population
18,896
Households
1.7
Avg Household Size
58
Median Age
36%
College-Educated
93%
High-School Grad
12.6 sq mi
ZIP Area
2,614
Density / Sq Mi
$80,829
Median Household Income
$41,649
Median Earnings
$1,847
Median Rent
$357,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Private half-duplex home with green space, association-maintained exteriors, and a one-year minimum lease requirement.
Where is this residential income property located?
The property is located at 4007 78TH STREET W Bradenton, FL.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom half of a duplex; Built in 1981; Additional green space with a private setting
