265 Unit Storage
For Sale
Contact for pricing
5550 15th Street East, Bradenton, FL 34203
Self-storage facility for sale, featuring 265 units.
Property Size49,800 SF
Price / SF$160.64
Days on Market147
Property Features for 5550 15th Street East
General Information
Standard status
Active
Size
49,800 SF
Total Parking Spaces
20
Property subtype
Retail, Self Storage
Occupancy
69%
Building Details
Year Built
1992
Units
265
Tenancy
Multi
Listing Agency:
GB INTERNATIONAL REALTY
Listed By:
Gloria Brush · License #BK3272167
(941) 744-7772
Source:
Crexi
Added: May 23
Changed: Oct 15
Last Checked: Oct 16 at 8:32AM
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
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Investment Insights
Based on property information with market context.
This commercial real estate offering is a self-storage facility featuring 265 units. The property encompasses a total size of 49800 square feet.
Key Highlights
- 265 unit storage business
- Established business - turnkey opportunity
- Built in 1992
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
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Current Use
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - Self-storage facility for sale, featuring 265 units.
Where is this self storage facility located?
The property is located at 5550 15th Street East 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: 265 unit storage business; Established business - turnkey opportunity; Built in 1992
