Multi-Tenant Office
For Sale
Contact for pricing
4502 Cortez Rd W, Bradenton, FL 34210
100% occupied multi-tenant office offering includes a large ownership position in a Florida-anchored building.
Property Size12,686 SF
Price / SF$495.74
Days on Market62
Property Features for 4502 Cortez Rd W
General Information
Standard status
Active
Size
12,686 SF
Property subtype
OFFICE
Occupancy
100%
Additional Details
Cap Rate
6.5%
Listing Agency:
eXp Commercial - FL
(954) 881-9580
Listed By:
Mercedes Martin · License ##BK3257231
(954) 881-9580
Source:
Moodyscre
Added: Jun 1
Changed: Jul 28
Last Checked: Jul 31 at 7:06AM
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 eXp Commercial - FL
Investment Insights
Based on property information with market context.
This for-sale office investment is 100% occupied and includes a 12,686 SF ownership interest. The seller holds a 47.66% stake in the building, representing the largest ownership position, with over $7.06 million in remaining contracted base rent and a 12.8-year weighted average lease term.
The property’s tenancy is anchored by the State of Florida, with investment-grade banking tenant(s) contributing the majority of NOI. Public remarks also indicate professional on-site management and that DCF and BMO generate approximately 90% of NOI.
The asset is positioned within the Bradenton/Sarasota growth corridor, and the offering is structured as an ownership interest in a multi-tenant office building.
The property’s tenancy is anchored by the State of Florida, with investment-grade banking tenant(s) contributing the majority of NOI. Public remarks also indicate professional on-site management and that DCF and BMO generate approximately 90% of NOI.
The asset is positioned within the Bradenton/Sarasota growth corridor, and the offering is structured as an ownership interest in a multi-tenant office building.
Key Highlights
- 100% occupied multi‑tenant office with 12,686 SF ownership interest and 47.66% ownership of the building
- 6.50% going‑in cap rate with Year 1 NOI of $408,781
- Over $7.06 million remaining contracted base rent and 12.8‑year weighted average lease term
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $292.3k | $23.04 |
| − Vacancy | −$16.1k | −$1.27 |
| EGI | $276.2k | $21.77 |
| − OpEx | −$69.1k | −$5.44 |
| NOI | $207.2k | $16.33 |
12,686 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.96M
$2.59M – $3.45M
NOI $207,157 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.73M
$3.26M – $4.35M
NOI $261,139 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
Explore this area
Business Placement
Demographics for 34210, FL
16,447
Population
11,870
Households
1.4
Avg Household Size
54
Median Age
37%
College-Educated
93%
High-School Grad
8.9 sq mi
ZIP Area
1,848
Density / Sq Mi
$64,306
Median Household Income
$37,216
Median Earnings
$1,552
Median Rent
$279,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 100% occupied multi-tenant office offering includes a large ownership position in a Florida-anchored building.
Where is this office building located?
The property is located at 4502 Cortez Rd W Bradenton, FL.
What is the asking price?
The asking price for this property is $6,289,000.
What are key features of this property?
This property features: 100% occupied multi‑tenant office with 12,686 SF ownership interest and 47.66% ownership of the building; 6.50% going‑in cap rate with Year 1 NOI of $408,781; Over $7.06 million remaining contracted base rent and 12.8‑year weighted average lease term
