Medical Office
For Sale
Contact for pricing
506 Manatee Ave E, Bradenton, FL 34208
T5-zoned single-unit property configured for professional and medical office use.
Property Size1,370 SF
Price / SF$259.85
Days on Market242
Property Features for 506 Manatee Ave E
General Information
Standard status
Active
Size
1,370 SF
Property subtype
OFFICE
Zoning
T5
Additional Details
Office Units
1
Building Details
Year Built
1946
Buildings
1
Building Size
1,370 SF
Properties For Sale
at 506 Manatee Ave E Contact us- Size
- 1,370 SF
- Type
- OFFICE
- Lease Type
- MODIFIED_GROSS
- Availability
- AVAILABLE
Prime investment opportunity for Office/Medical investors
Introducing 506 Manatee Ave E, a prime investment
opportunity for Office/Medical...
show more
Contact us
Listing Agency:
Core Commercial Group, LLC
(941) 780-6136
Listed By:
Diane Lawson · License #BK581055
(941) 780-6136
Source:
Moodyscre
Added: Jan 1
Changed: Aug 30
Last Checked: Aug 30 at 1:41AM
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 Core Commercial Group, LLC
Investment Insights
Based on property information with market context.
This medical office property contains 1,370 square feet arranged as a single unit. Built in 1946, the building is positioned for professional and medical office applications supported by its T5 zoning.
The property is located at 506 Manatee Ave E in Bradenton, Florida, within the 34208 ZIP code. Its compact scale and single-unit configuration provide a straightforward footprint for an office or medical user.
The property is located at 506 Manatee Ave E in Bradenton, Florida, within the 34208 ZIP code. Its compact scale and single-unit configuration provide a straightforward footprint for an office or medical user.
Key Highlights
- 1,370‑square‑foot medical office property
- Single‑unit building configuration
- Constructed in 1946
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
$22,372
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
6.28%
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%
$447,440
$447.4K
Cap Rate 7%
$319,600
$319.6K
Cap Rate 9%
$248,578
$248.6K
Market Conditions
NOI Build-Up for 1,370 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
$31.6K $23.04/SF
− Vacancy
−$1.7K −$1.27/SF
EGI
$29.8K $21.77/SF
− OpEx
−$7.5K −$5.44/SF
NOI
$22.4K $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%
$447,440
Cap Rate 7%
$319,600
Cap Rate 9%
$248,578
Alternative Uses
Best Use
Office B
$319.6K
$279.7K – $372.9K
NOI $22,372 @ 7.0% cap · market cap 6.28%
Second Best
Healthcare Medical
$302.2K
$264.4K – $352.5K
NOI $21,151 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$402.9K
$352.5K – $470.0K
NOI $28,201 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,651
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34208, FL
38,522
Population
17,056
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
80%
High-School Grad
16.5 sq mi
ZIP Area
2,335
Density / Sq Mi
$59,899
Median Household Income
$37,489
Median Earnings
$1,409
Median Rent
$303,600
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.
Similar Off Market Nearby
- Med Vet — 206 2nd St E, Bradenton, FL 34208
Frequently Asked Questions
What type of property is this?
Medical Office Space - T5-zoned single-unit property configured for professional and medical office use.
Where is this medical office space located?
The property is located at 506 Manatee Ave E Bradenton, FL.
What is the asking price?
The asking price for this property is $356,000.
What are key features of this property?
This property features: 1,370‑square‑foot medical office property; Single‑unit building configuration; Constructed in 1946
