Flex Space with
For Sale
$495,728
515 27TH Street E, Bradenton, FL 34208
Commercial Sale, BRADENTON, FL
Property Size1,500 SF
Lot Size0.03 Acres
Price / SF$330.49
Days on Market448
Property Features for 515 27TH Street E
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
PDP
Subdivision
TWO RIVERS BUS PARK
Directions
From I75 and SR64 head west to 27th street east and turn left and again left at the access road to unit on right.
Standard status
Active
APN
1158401109
Size
1,500 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
UNIT 7 TWO RIVERS BUSINESS PARK A CONDO PI#11584.0110/9
Tax Annual Amount
3663
Legal Description
UNIT 7 TWO RIVERS BUSINESS PARK A CONDO PI#11584.0110/9
Utilities
Cooling system
Central Air
Building Details
Year built
2003
Building materials
Concrete
Listing Agency:
KIRSTEN REALTY INC
(800) 687-2052
Listed By:
Ivan Gutierrez · License #3215439
(727) 851-6575
Added: Jun 2, 2025
Changed: Aug 21
Last Checked: Aug 23 at 1:06PM
MLS# TB8392670
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,500-square-foot flex property, built in 2003, combines a front office area with warehouse space toward the rear. The concrete building includes central air, loft storage, heavy-duty shelving, and a large garage door that accommodates semi-truck access from the back. The office component can be expanded, while the warehouse shelving is configured for forklift use.
The property occupies 0.03 acres and is designated PDP. Access to I-75 is noted, supporting regional connectivity for commercial operations. The layout provides separate office and warehouse functions within a compact, adaptable unit.
The property occupies 0.03 acres and is designated PDP. Access to I-75 is noted, supporting regional connectivity for commercial operations. The layout provides separate office and warehouse functions within a compact, adaptable unit.
Key Highlights
- 1,500 SF flex unit with front office and rear warehouse areas
- Large rear garage door accommodates semi‑truck access
- Heavy‑duty warehouse shelving is forklift ready
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
$24,494
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
4.94%
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%
$489,880
$489.9K
Cap Rate 7%
$349,914
$349.9K
Cap Rate 9%
$272,156
$272.2K
Market Conditions
NOI Build-Up for 1,500 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
$34.6K $23.04/SF
− Vacancy
−$1.9K −$1.27/SF
EGI
$32.7K $21.77/SF
− OpEx
−$8.2K −$5.44/SF
NOI
$24.5K $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%
$489,880
Cap Rate 7%
$349,914
Cap Rate 9%
$272,156
Alternative Uses
Best Use
Office B
$349.9K
$306.2K – $408.2K
NOI $24,494 @ 7.0% cap · market cap 4.94%
Second Best
Warehouse
$218.9K
$191.5K – $255.4K
NOI $15,323 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$441.1K
$386.0K – $514.6K
NOI $30,877 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
314
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
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Frequently Asked Questions
What type of property is this?
Flex space - Multiuse commercial unit combines front office space with rear warehouse functionality and central air conditioning.
Where is this flex space located?
The property is located at 515 27TH Street E Bradenton, FL.
What is the asking price?
The asking price for this property is $495,728.
What are key features of this property?
This property features: 1,500 SF flex unit with front office and rear warehouse areas; Large rear garage door accommodates semi‑truck access; Heavy‑duty warehouse shelving is forklift ready
