Corner Mixed-Use Commercial
New
For Sale
$549,000
Pending
4426 5TH W, Bradenton, FL 34207
Flexible commercial condominium with dual entrances, private offices, and newer A/C units in a General Commercial district.
Property Size1,875 SF
Days on Market3
Property Features for 4426 5TH W
General Information
Standard status
Pending
Size
1,875 SF
Property subtype
Commercial
Zoning
General Commercial (GC)
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,850
Amenities
dual entrances
two private offices
spacious open work area
two restrooms
breakroom
Newer A/C units
Building Details
Building Size
1,875 SF
Year Built
1999
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
Estelia Mesimer · License #673072
(727) 686-2859
Source:
Elliman
Added: Sep 13
Last Checked: Sep 14 at 9:43AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This mixed-use commercial condominium comprises 4426 and 4428 5th Street W and contains approximately 1,875± square feet. Built in 1999, the unit includes two entrances, two private offices, an open work area, two restrooms, and a breakroom. The layout can support separate suite configurations or several enclosed offices, while newer A/C units provide updated climate control.
The property occupies a corner position behind Blue Dolphin Car Wash and next to Cortez Plaza, with on-site parking and access to Cortez Road, also identified as SR 70, and US 41. General Commercial (GC) zoning accommodates a broad range of permitted commercial uses. Walk Score is 68, BikeScore is 51, and Transit Score is 39.
The property occupies a corner position behind Blue Dolphin Car Wash and next to Cortez Plaza, with on-site parking and access to Cortez Road, also identified as SR 70, and US 41. General Commercial (GC) zoning accommodates a broad range of permitted commercial uses. Walk Score is 68, BikeScore is 51, and Transit Score is 39.
Key Highlights
- Approximately 1,875± square feet in a mixed‑use commercial condominium
- 4426 and 4428 5th Street W with dual entrances and a flexible interior layout
- Two private offices, open work area, two restrooms, and a breakroom
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
$32,871
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
5.99%
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%
$657,420
$657.4K
Cap Rate 7%
$469,586
$469.6K
Cap Rate 9%
$365,233
$365.2K
Market Conditions
NOI Build-Up for 1,875 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
$56.3K $30.00/SF
− Vacancy
−$3.7K −$1.95/SF
EGI
$52.6K $28.05/SF
− OpEx
−$19.7K −$10.52/SF
NOI
$32.9K $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%
$657,420
Cap Rate 7%
$469,586
Cap Rate 9%
$365,233
Alternative Uses
Best Use
Mixed Use
$469.6K
$410.9K – $547.9K
NOI $32,871 @ 7.0% cap · market cap 5.99%
Second Best
Retail
$329.4K
$288.2K – $384.3K
NOI $23,058 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$551.4K
$482.5K – $643.3K
NOI $38,597 @ 7.0% cap · market cap 7.03%
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
982
Businesses Nearby
194k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 32%
Groceries 24%
Dining 22%
Apparel 13%
T.J. Maxx
Apparel
25,358 visits/mo
0.5 miles
Winn-Dixie
Groceries
24,835 visits/mo
0.2 miles
Harbor Freight Tools
Home Improvements & Furnishings
16,212 visits/mo
0.3 miles
Aldi
Groceries
14,846 visits/mo
0.3 miles
7-Eleven
Shops & Services
14,489 visits/mo
0.2 miles
Demographics for 34207, FL
35,281
Population
19,411
Households
1.8
Avg Household Size
45
Median Age
16%
College-Educated
84%
High-School Grad
6.2 sq mi
ZIP Area
5,690
Density / Sq Mi
$49,162
Median Household Income
$33,035
Median Earnings
$1,270
Median Rent
$122,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial condominium with dual entrances, private offices, and newer A/C units in a General Commercial district.
Where is this mixed-use property located?
The property is located at 4426 5TH W Bradenton, FL.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Approximately 1,875± square feet in a mixed‑use commercial condominium; 4426 and 4428 5th Street W with dual entrances and a flexible interior layout; Two private offices, open work area, two restrooms, and a breakroom
