Mixed-Use Redevelopment
For Sale
$2,600,000
416-420 12TH STREET, Bradenton, FL 34205
Historic downtown structure with exposed brick, impact windows, and T5 Urban Core zoning for a customized redevelopment.
Property Size9,725 SF
Price / SF$267.35
Days on Market9
Property Features for 416-420 12TH STREET
General Information
Standard status
Active
Size
9,725 SF
Property subtype
Mixed Use
Zoning
T5
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$11,500
Amenities
3
25x86
Central Business District, City Road, Asphalt.
Building Details
Year Built
1900
Buildings
1
Construction
brick
Listing Agency:
WAGNER REALTY
(941) 727-2800
Listed By:
Ryan Hoffman · License #3051574
Source:
Xome
Added: Aug 2
Changed: Aug 9
Last Checked: Aug 9 at 11:07AM
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 WAGNER REALTY
Investment Insights
Based on property information with market context.
This 1900-built mixed-use property at 416-420 12th Street has been stripped back to its structural framework, creating a clear starting point for redevelopment. Existing improvements include restored exposed brick walls, new impact windows, new subfloors, and high ceilings. Conceptual plans illustrate restaurant or bar space at street level, residential units above, and a rooftop deck, subject to required approvals.
The property sits on Old Main Street in downtown Bradenton’s Urban Core (T5) zoning district. The surrounding area includes restaurants, bars, retail shops, and ongoing redevelopment, with the Bradenton Riverwalk located minutes away. The site is served by a city road with asphalt paving and is positioned within a walkable downtown district.
The property sits on Old Main Street in downtown Bradenton’s Urban Core (T5) zoning district. The surrounding area includes restaurants, bars, retail shops, and ongoing redevelopment, with the Bradenton Riverwalk located minutes away. The site is served by a city road with asphalt paving and is positioned within a walkable downtown district.
Key Highlights
- Urban Core (T5) zoning district in downtown Bradenton
- 1900‑built structure at 416‑420 12th Street
- Gutted interior with restored exposed brick walls and new subfloors
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
$170,491
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
6.56%
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%
$3,409,820
$3.4M
Cap Rate 7%
$2,435,586
$2.4M
Cap Rate 9%
$1,894,344
$1.9M
Market Conditions
NOI Build-Up for 9,725 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
$291.8K $30.00/SF
− Vacancy
−$19.0K −$1.95/SF
EGI
$272.8K $28.05/SF
− OpEx
−$102.3K −$10.52/SF
NOI
$170.5K $17.53/SF
Area
Manatee County, FL
Vacancy
6.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
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%
$3,409,820
Cap Rate 7%
$2,435,586
Cap Rate 9%
$1,894,344
Alternative Uses
Best Use
Mixed Use
$2.44M
$2.13M – $2.84M
NOI $170,491 @ 7.0% cap · market cap 6.56%
Second Best
Specialty Retail
$1.83M
$1.60M – $2.14M
NOI $128,137 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$2.86M
$2.50M – $3.34M
NOI $200,187 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,078
Businesses Nearby
144k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 36%
Shops & Services 26%
Dining 15%
Apparel 14%
Lowe's
Home Improvements & Furnishings
47,406 visits/mo
0.4 miles
DICK'S Sporting Goods
Apparel
20,611 visits/mo
0.5 miles
Wells Fargo
Shops & Services
12,648 visits/mo
0.5 miles
Office Depot
Office Supplies
11,911 visits/mo
0.4 miles
Panera Bread
Dining
11,270 visits/mo
0.4 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?
Mixed-use property - Historic downtown structure with exposed brick, impact windows, and T5 Urban Core zoning for a customized redevelopment.
Where is this mixed-use property located?
The property is located at 416-420 12TH STREET Bradenton, FL.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Urban Core (T5) zoning district in downtown Bradenton; 1900‑built structure at 416‑420 12th Street; Gutted interior with restored exposed brick walls and new subfloors
