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 Market153
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
(941) 220-0989
Listed By:
Mercedes Martin · License #BK3257231
(954) 881-9580
Source:
Moodyscre
Added: Jun 1
Changed: Oct 25
Last Checked: Oct 30 at 5:30PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$207,157
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,143,140
$4.1M
Cap Rate 7%
$2,959,386
$3.0M
Cap Rate 9%
$2,301,744
$2.3M
Market Conditions
NOI Build-Up for 12,686 SF
Gross rent
$292.3K $23.04/SF
− Vacancy
−$16.1K −$1.27/SF
EGI
$276.2K $21.77/SF
− OpEx
−$69.1K −$5.44/SF
NOI
$207.2K $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 Rate 5%
$4,143,140
Cap Rate 7%
$2,959,386
Cap Rate 9%
$2,301,744
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
958
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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
