Renovated Mixed-Use
New
For Sale
$1,250,000
4219 60TH STREET W, Bradenton, FL 34209
General Commercial zoning accompanies residential apartments, a studio, and leased garage/storage spaces.
Property Size3,080 SF
Price / SF$224.50
Days on Market5
Property Features for 4219 60TH STREET W
General Information
Standard status
Active
Size
3,080 SF
Property subtype
Commercial
Zoning
General Commercial
Units
Unit Mix
1 x studio, 3 x 3BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,574
Building Details
Building Size
3,080 SF
Year Built
1978
Year Renovated
2020
Listing Agency:
(941) 744-7004
Listed By:
Francesca Talamo Rossi, PLLC
(941) 744-7004
Source:
Elliman
Added: Aug 25
Changed: Aug 28
Last Checked: Aug 29 at 1:10PM
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 Francesca Talamo Rossi, PLLC
Investment Insights
Based on property information with market context.
Built in 1978, this mixed-use property contains 5,568 square feet under roof, including 3,080 square feet of finished living and business space. Substantial renovations were completed from 2018 through 2020. The upper level includes three updated apartments, each arranged with 3 bedrooms, 2 bathrooms, and individual washer and dryer hookups. Downstairs are four leased garage/storage spaces and a rented studio apartment, creating a combination of residential and commercial occupancy within the same property.
The site is zoned General Commercial and carries a multifamily/mixed-use designation. Located at 4219 60th Street W in Bradenton, the property is near Gulf beaches, IMG Academy, shopping, restaurants, medical facilities, and major transportation corridors across Manatee County. The residential units have historically been used for both annual and seasonal rentals.
The site is zoned General Commercial and carries a multifamily/mixed-use designation. Located at 4219 60th Street W in Bradenton, the property is near Gulf beaches, IMG Academy, shopping, restaurants, medical facilities, and major transportation corridors across Manatee County. The residential units have historically been used for both annual and seasonal rentals.
Key Highlights
- 5,568 square feet under roof with 3,080 square feet of finished living and business area
- Substantial renovations completed from 2018‑2020
- Three upstairs apartments, each with 3 bedrooms and 2 bathrooms
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
$97,614
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
7.81%
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%
$1,952,280
$2.0M
Cap Rate 7%
$1,394,486
$1.4M
Cap Rate 9%
$1,084,600
$1.1M
Market Conditions
NOI Build-Up for 5,568 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
$167.0K $30.00/SF
− Vacancy
−$10.9K −$1.95/SF
EGI
$156.2K $28.05/SF
− OpEx
−$58.6K −$10.52/SF
NOI
$97.6K $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%
$1,952,280
Cap Rate 7%
$1,394,486
Cap Rate 9%
$1,084,600
Alternative Uses
Best Use
Mixed Use
$1.39M
$1.22M – $1.63M
NOI $97,614 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$962.5K
$842.2K – $1.12M
NOI $67,372 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,616 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
614
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - General Commercial zoning accompanies residential apartments, a studio, and leased garage/storage spaces.
Where is this mixed-use property located?
The property is located at 4219 60TH STREET W Bradenton, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 5,568 square feet under roof with 3,080 square feet of finished living and business area; Substantial renovations completed from 2018‑2020; Three upstairs apartments, each with 3 bedrooms and 2 bathrooms
