Self-Storage Facility in Manatee
5550 15TH St E, Bradenton, FL 34203
For Sale
$8,000,000
Self-storage facility with 265 units and 16 parking spaces.
Property Size49,800 SF
Lot Size3.26 Acres
Days on Market349
Property Features for 5550 15TH St E
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
GB INTERNATIONAL REALTY
Listed By:
Gloria Brush · License FL BK3272167
(941) 744-7772
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:15AM
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 GB INTERNATIONAL REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This self-storage facility is comprised of nine concrete buildings situated on over three acres of commercial property in an active area of Manatee County. The property features 265 self-storage units, including 144 units measuring 10x20, 36 units measuring 10x10, and 20 units measuring 20x20, along with various other sizes. Additionally, there are 16 parking spaces available. The property also includes two office spaces, with the potential for a third. A cell tower is currently leased on the property. Recent improvements include a new roof installed in 2023, replacement of downspouts and gutters in 2023, and paving work also completed in 2023. The property is located in a desirable location.
Key Highlights
- Prime commercial property spanning over 3 acres in an active area of Manatee County.
- Features 265 self‑storage units of various sizes, including 144 (10x20) units, 36 (10x10) units, and 20 (20x20) units, PLUS 16 parking spaces.
- Cell tower lease providing additional income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$516,625
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,332,500
$10.3M
Cap Rate 7%
$7,380,357
$7.4M
Cap Rate 9%
$5,740,278
$5.7M
Market Conditions
NOI Build-Up for 49,800 SF
Gross rent
$776.9K $15.60/SF
− Vacancy
−$38.8K −$0.78/SF
EGI
$738.0K $14.82/SF
− OpEx
−$221.4K −$4.45/SF
NOI
$516.6K $10.37/SF
Area
Manatee County, FL
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,332,500
Cap Rate 7%
$7,380,357
Cap Rate 9%
$5,740,278
Alternative Uses
Best Use
Self Storage
$7.38M
$6.46M – $8.61M
NOI $516,625 @ 7.0% cap · market cap 6.46%
Second Best
Industrial
$5.99M
$5.24M – $6.98M
NOI $418,956 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$14.64M
$12.81M – $17.09M
NOI $1,025,123 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
674
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - Self-storage facility with 265 units and 16 parking spaces.
Where is this self storage facility located?
The property is located at 5550 15TH St E Bradenton, FL.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Prime commercial property spanning over 3 acres in an active area of Manatee County.; Features **265 self‑storage units** of various sizes, including 144 (10x20) units, 36 (10x10) units, and 20 (20x20) units, PLUS **16 parking spaces**.; Cell tower lease providing additional income.
