Medical Office
For Sale
Contact for pricing
4351 Cortez Rd W, Bradenton, FL 34205
Two connected buildings provide single-tenant and multi-tenant medical office space with shared parking and cross-access.
Property Size22,974 SF
Lot Size4.20 Acres
Price / SF$379.32
Days on Market257
Property Features for 4351 Cortez Rd W
General Information
Standard status
Active
Size
22,974 SF
Lot size
4.20 Acres
Property subtype
Office
Zoning
SCC
Occupancy
100%
Lease Type
NNN
Net Operating Income
$522,869
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Renovated
2012
Buildings
2
Stories
2
Units
5
Tenancy
Multi
Listing Agency:
SVN | Commercial Advisory Group Sarasota
(941) 487-6990
Listed By:
Matt Fenske · License #FL SL3373336
Source:
Crexi
Added: Dec 17, 2025
Changed: Aug 31
Last Checked: Aug 31 at 1:46AM
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 SVN | Commercial Advisory Group Sarasota
Investment Insights
Based on property information with market context.
This medical office property consists of two buildings totaling 22,974 SF on approximately 4.2 acres. The first building contains 8,204 +/- SF and is occupied by a single tenant. The adjacent two-story building includes 14,770 +/- SF of multi-tenant space occupied by the same healthcare operator and affiliated partners. The buildings share the parcel and provide ample parking.
Located on Cortez Road in West Bradenton, the property benefits from cross-access with Applebee’s, Regions Bank, and Publix at Bradenton Commons Shopping Center. Its position between I-75 and the Gulf beaches provides access to Florida HCA Blake Hospital in approximately 10 minutes and Manatee Memorial Hospital in approximately 15 minutes. Additional office buildings and complexes are located nearby, within a predominantly retail-oriented corridor.
Located on Cortez Road in West Bradenton, the property benefits from cross-access with Applebee’s, Regions Bank, and Publix at Bradenton Commons Shopping Center. Its position between I-75 and the Gulf beaches provides access to Florida HCA Blake Hospital in approximately 10 minutes and Manatee Memorial Hospital in approximately 15 minutes. Additional office buildings and complexes are located nearby, within a predominantly retail-oriented corridor.
Key Highlights
- 22,974 SF across two medical office buildings
- 8,204 +/- SF single‑tenant building
- 14,770 +/- SF two‑story multi‑tenant building
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
$375,156
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
4.30%
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%
$7,503,120
$7.5M
Cap Rate 7%
$5,359,371
$5.4M
Cap Rate 9%
$4,168,400
$4.2M
Market Conditions
NOI Build-Up for 22,974 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
$529.3K $23.04/SF
− Vacancy
−$29.1K −$1.27/SF
EGI
$500.2K $21.77/SF
− OpEx
−$125.1K −$5.44/SF
NOI
$375.2K $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%
$7,503,120
Cap Rate 7%
$5,359,371
Cap Rate 9%
$4,168,400
Alternative Uses
Best Use
Office B
$5.36M
$4.69M – $6.25M
NOI $375,156 @ 7.0% cap · market cap 4.30%
Second Best
Healthcare Medical
$5.07M
$4.43M – $5.91M
NOI $354,686 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$6.76M
$5.91M – $7.88M
NOI $472,915 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
903
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 building - Two connected buildings provide single-tenant and multi-tenant medical office space with shared parking and cross-access.
Where is this office building located?
The property is located at 4351 Cortez Rd W Bradenton, FL.
What is the asking price?
The asking price for this property is $8,714,486.
What are key features of this property?
This property features: 22,974 SF across two medical office buildings; 8,204 +/- SF single‑tenant building; 14,770 +/- SF two‑story multi‑tenant building
