Mixed-Use Redevelopment
For Sale
$2,600,000
416-420 12TH Street W, Bradenton, FL 34205
Commercial Sale, BRADENTON, FL
Property Size9,725 SF
Lot Size0.10 Acres
Price / SF$267.35
Days on Market21
Property Features for 416-420 12TH Street W
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1/UCBD
Subdivision
H W FULLERS BLK
Lot features
Central Business District, City Limits
Directions
From I-75 take SR 64 exit going west to downtown Bradenton. Take a right on Old Main St (12th St W) to property on the left side of st.
Standard status
Active
APN
3319100008
Size
9,725 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 11 FULLER BLOCK PI#33191.0000/8 & LOT 12 FULLER BLOCK PI#33192.0000/6
Tax Annual Amount
11500
Legal Description
LOT 11 FULLER BLOCK PI#33191.0000/8 & LOT 12 FULLER BLOCK PI#33192.0000/6
Amenities
restored exposed brick walls
new impact windows
new subfloors
soaring ceilings
Building Details
Year built
1900
Floors in Building
2
Building materials
Brick, Concrete
Roof type
Membrane
Listing Agency:
WAGNER REALTY
(941) 727-2800
Listed By:
Ryan Hoffman · License #3051574
(941) 773-9184
Added: Aug 5
Changed: Aug 24
Last Checked: Aug 25 at 1:06PM
MLS# A4702181
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 9,725-square-foot mixed-use building dates to 1900 and is positioned for redevelopment. The interior has been stripped to the studs, while restored exposed brick, new impact windows, new subfloors, high ceilings, and a membrane roof provide the existing physical framework. Brick and concrete are listed among the construction materials.
Conceptual plans contemplate restaurant or bar space at street level, residential units on upper floors, and a rooftop deck, all subject to required approvals. The property is in downtown Bradenton at 416-420 12TH Street W, near restaurants, bars, retail shops, and ongoing redevelopment. The Bradenton Riverwalk is also minutes away.
The C1/UCBD zoning designation is included in the property record. The combination of an open interior and planned mixed-use configuration supports a range of redevelopment concepts without relying on the conceptual plans as approved entitlements.
Conceptual plans contemplate restaurant or bar space at street level, residential units on upper floors, and a rooftop deck, all subject to required approvals. The property is in downtown Bradenton at 416-420 12TH Street W, near restaurants, bars, retail shops, and ongoing redevelopment. The Bradenton Riverwalk is also minutes away.
The C1/UCBD zoning designation is included in the property record. The combination of an open interior and planned mixed-use configuration supports a range of redevelopment concepts without relying on the conceptual plans as approved entitlements.
Key Highlights
- 9,725 SF mixed‑use building constructed in 1900
- Interior cleared to the studs for redevelopment
- Restored exposed brick, impact windows, new subfloors, and soaring ceilings
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
Retail
$1.71M
$1.49M – $1.99M
NOI $119,594 @ 7.0% cap · market cap 4.60%
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
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,419
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Hotels & Casinos 29%
Apparel 2%
7-Eleven
Shops & Services
8,388 visits/mo
0.3 miles
Hampton Inn & Suites-Bradenton Downtown Historic District
Hotels & Casinos
5,151 visits/mo
0.1 miles
Truist
Shops & Services
3,775 visits/mo
0.1 miles
Champs Sports
Apparel
364 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 - Partially rebuilt interior offers exposed brick, impact windows, and flexible space for a planned mixed-use concept.
Where is this mixed-use property located?
The property is located at 416-420 12TH Street W 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: 9,725 SF mixed‑use building constructed in 1900; Interior cleared to the studs for redevelopment; Restored exposed brick, impact windows, new subfloors, and soaring ceilings
