Multi-Tenant Office
For Sale
Under Contract
$1,820,000
5275 OFFICE PARK Boulevard, Bradenton, FL 34203
Commercial Sale, BRADENTON, FL
Property Size5,818 SF
Lot Size0.64 Acres
Price / SF$342.62
Days on Market39
Property Features for 5275 OFFICE PARK Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
PDO
Subdivision
PERIDIA OFFICE PARK
Directions
From I-75: Take Exit 217 (State Road 70) west approximately 2.5 miles. Turn right onto Peridia Boulevard, then left onto Office Park Boulevard. The property is located on the left within Peridia Office Park.
Standard status
Active Under Contract
APN
1697901459
Size
5,312 SF
Lot size
0.64 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 8 PERIDIA OFFICE PARK PI#16979.0145/9
Tax Annual Amount
16281
Legal Description
LOT 8 PERIDIA OFFICE PARK PI#16979.0145/9
Utilities
Cooling system
Central Air
Building Details
Year built
2006
Building materials
Block, Stucco
Roof type
Tile
Listing Agency:
WAGNER REALTY
(941) 756-7800
Listed By:
John Rojas, PA
(407) 580-6673
Added: Jul 24
Changed: Aug 24
Last Checked: Aug 31 at 6:06AM
MLS# A4700842
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 single-story office building in Peridia Office Park contains three professional suites and measures 5,312 square feet on approximately 0.64 acres. Built in 2006, the property features block and stucco construction, tile roofing, central air, updated interior finishes, on-site parking, and monument signage. The building is fully occupied with long-term leases in place, and the roof has been recently replaced. PDO zoning supports the existing office configuration.
The property is positioned near State Road 70 with access to Interstate 75 and the broader Bradenton, Sarasota, Lakewood Ranch, and Gulf Coast markets. Its setting near healthcare providers, retail, restaurants, and financial institutions places the office asset within an established business corridor. The property reflects a 6.5% capitalization rate and offers three-suite configuration for continued multi-tenant operation.
The property is positioned near State Road 70 with access to Interstate 75 and the broader Bradenton, Sarasota, Lakewood Ranch, and Gulf Coast markets. Its setting near healthcare providers, retail, restaurants, and financial institutions places the office asset within an established business corridor. The property reflects a 6.5% capitalization rate and offers three-suite configuration for continued multi-tenant operation.
Key Highlights
- 5,312‑square‑foot single‑story office building on approximately 0.64 acres
- Three professional office suites with 100% occupancy and long‑term leases
- Recently replaced roof with updated interior finishes
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
$86,743
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
4.77%
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%
$1,734,860
$1.7M
Cap Rate 7%
$1,239,186
$1.2M
Cap Rate 9%
$963,811
$963.8K
Market Conditions
NOI Build-Up for 5,312 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
$122.4K $23.04/SF
− Vacancy
−$6.7K −$1.27/SF
EGI
$115.7K $21.77/SF
− OpEx
−$28.9K −$5.44/SF
NOI
$86.7K $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%
$1,734,860
Cap Rate 7%
$1,239,186
Cap Rate 9%
$963,811
Alternative Uses
Best Use
Office B
$1.24M
$1.08M – $1.45M
NOI $86,743 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,346 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
510
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Single-story professional office property with three suites, on-site parking, and recent roof improvements.
Where is this office building located?
The property is located at 5275 OFFICE PARK Boulevard Bradenton, FL.
What is the asking price?
The asking price for this property is $1,820,000.
What are key features of this property?
This property features: 5,312‑square‑foot single‑story office building on approximately 0.64 acres; Three professional office suites with 100% occupancy and long‑term leases; Recently replaced roof with updated interior finishes
