Bradenton Office Park
For Sale
$270,000
5245 OFFICE PARK Blvd 102, Bradenton, FL 34203
Turnkey office unit in a strategic Bradenton location.
Property Size983 SF
Days on Market109
Property Features for 5245 OFFICE PARK Blvd 102
General Information
Standard status
Active
Size
983 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,914
Building Details
Building Size
983 SF
Year Built
2006
Listing Agency:
(941) 266-0050
Listed By:
Monica Angulo Villalobos
(941) 266-0050
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 8 at 6:45AM
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 Monica Angulo Villalobos
Investment Insights
Based on property information with market context.
This office unit is located in a rapidly growing commercial corridor of Bradenton, with immediate access to SR 70 and US 301. Situated within an established professional office park with direct access from the Peridia Country Club entrance, this unit offers a functional and professional environment suitable for medical, administrative, or general office use. The space includes three private offices, complete with built-in cabinetry and fixed furnishings. A dedicated kitchenette area includes a refrigerator, microwave, and essential utilities. On-site parking is available directly in front of the unit. This property offers location, functionality, and immediate usability.
Key Highlights
- Strategic location in a rapidly growing commercial corridor with immediate access to SR 70 and US 301.
- Turnkey office space ready for immediate occupancy, reducing startup costs.
- Three private offices with built‑in cabinetry and fixed furnishings.
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
$16,052
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
5.95%
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%
$321,040
$321.0K
Cap Rate 7%
$229,314
$229.3K
Cap Rate 9%
$178,356
$178.4K
Market Conditions
NOI Build-Up for 983 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
$22.6K $23.04/SF
− Vacancy
−$1.2K −$1.27/SF
EGI
$21.4K $21.77/SF
− OpEx
−$5.4K −$5.44/SF
NOI
$16.1K $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%
$321,040
Cap Rate 7%
$229,314
Cap Rate 9%
$178,356
Alternative Uses
Best Use
Office B
$229.3K
$200.7K – $267.5K
NOI $16,052 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$289.1K
$252.9K – $337.3K
NOI $20,235 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
Explore this area
Business Placement
Demographics for 34203, FL
39,853
Population
20,709
Households
1.9
Avg Household Size
48
Median Age
26%
College-Educated
87%
High-School Grad
15.5 sq mi
ZIP Area
2,571
Density / Sq Mi
$68,030
Median Household Income
$39,829
Median Earnings
$1,437
Median Rent
$302,500
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 units - Turnkey office unit in a strategic Bradenton location.
Where is this office units located?
The property is located at 5245 OFFICE PARK Blvd 102 Bradenton, FL.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Strategic location in a rapidly growing commercial corridor with immediate access to SR 70 and US 301.; Turnkey office space ready for immediate occupancy, reducing startup costs.; Three private offices with **built‑in cabinetry and fixed furnishings.**
