Office Building with Vaulted
For Sale
Contact for pricing
510 7th St E, Bradenton, FL 34208
Move-in ready office property with reception, private offices, conference space, and additional land for expansion.
Property Size1,480 SF
Price / SF$337.16
Days on Market133
Property Features for 510 7th St E
General Information
Standard status
Active
Size
1,480 SF
Property subtype
Office
Building Details
Year Built
1955
Year Renovated
2012
Buildings
1
Stories
1
Listing Agency:
Wagner Realty
(941) 720-7575
Listed By:
David Fletcher · License #FL 671340
Source:
Crexi
Added: Apr 21
Changed: Aug 29
Last Checked: Aug 29 at 1:19PM
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 Wagner Realty
Investment Insights
Based on property information with market context.
This office building at 510 7th St E features a functional interior with a reception area, two private offices, a conference room, and two restrooms. Open-beam vaulted ceilings contribute to the interior character, while impact-resistant windows and doors, a durable metal roof, and solid construction support the building’s physical improvements. The space is described as well maintained and move-in ready.
The property is near downtown Bradenton and includes additional land that may accommodate future expansion. Built in 1955, the building combines an established structure with a practical office layout and dedicated areas for reception, private work, meetings, and restroom access.
The property is near downtown Bradenton and includes additional land that may accommodate future expansion. Built in 1955, the building combines an established structure with a practical office layout and dedicated areas for reception, private work, meetings, and restroom access.
Key Highlights
- Functional office layout with reception area, 2 private offices, conference room, and 2 restrooms
- Open‑beam vaulted ceilings add interior volume and character
- Impact‑resistant windows and doors
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
$24,168
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
4.84%
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%
$483,360
$483.4K
Cap Rate 7%
$345,257
$345.3K
Cap Rate 9%
$268,533
$268.5K
Market Conditions
NOI Build-Up for 1,480 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
$34.1K $23.04/SF
− Vacancy
−$1.9K −$1.27/SF
EGI
$32.2K $21.77/SF
− OpEx
−$8.1K −$5.44/SF
NOI
$24.2K $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%
$483,360
Cap Rate 7%
$345,257
Cap Rate 9%
$268,533
Alternative Uses
Best Use
Office B
$345.3K
$302.1K – $402.8K
NOI $24,168 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$435.2K
$380.8K – $507.8K
NOI $30,466 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,479
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office building - Move-in ready office property with reception, private offices, conference space, and additional land for expansion.
Where is this office building located?
The property is located at 510 7th St E Bradenton, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Functional office layout with reception area, 2 private offices, conference room, and 2 restrooms; Open‑beam vaulted ceilings add interior volume and character; Impact‑resistant windows and doors
