Duplex
For Sale
$175,000
Pending
5613 7TH STREET COURT E, Bradenton, FL 34203
Updated residence with tile flooring and recently replaced roof and air conditioning system.
Property Size1,008 SF
Days on Market79
Property Features for 5613 7TH STREET COURT E
General Information
Standard status
Pending
Size
1,008 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
1
Building Details
Building Size
1,008 SF
Year Built
1982
Stories
1
Listing Agency:
PROPERTY LIONS REALTY, INC
(941) 456-2676
Listed By:
Matthew Rhoden · License #3418393
(941) 456-2676
Source:
Andrewgarcia-fl.kw
Added: Jun 13
Changed: Aug 29
Last Checked: Aug 30 at 1:22PM
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 PROPERTY LIONS REALTY, INC
Investment Insights
Based on property information with market context.
This duplex property includes a 3-bedroom, 2-bath residence built in 1982. Tile flooring extends through the main living areas, providing a durable and easy-care finish. The roof and air conditioning system were each replaced within the last five years.
The property is located on 7th Street Court E in Bradenton, near shopping, dining, schools, medical facilities, and other daily services. Access to US-41 connects the property with downtown Bradenton, Sarasota, and Gulf Coast beaches.
The property is located on 7th Street Court E in Bradenton, near shopping, dining, schools, medical facilities, and other daily services. Access to US-41 connects the property with downtown Bradenton, Sarasota, and Gulf Coast beaches.
Key Highlights
- 3‑bedroom, 2‑bath residence
- Built in 1982
- Tile flooring throughout the main living areas
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
$13,242
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
7.57%
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%
$264,840
$264.8K
Cap Rate 7%
$189,171
$189.2K
Cap Rate 9%
$147,133
$147.1K
Market Conditions
NOI Build-Up for 1,008 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
$20.0K $19.80/SF
− Vacancy
−$1.0K −$1.03/SF
EGI
$18.9K $18.77/SF
− OpEx
−$5.7K −$5.63/SF
NOI
$13.2K $13.14/SF
Area
Manatee County, FL
Vacancy
5.22%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
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%
$264,840
Cap Rate 7%
$189,171
Cap Rate 9%
$147,133
Alternative Uses
Best Use
Multifamily LT 5
$189.2K
$165.5K – $220.7K
NOI $13,242 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$174.2K
$152.5K – $203.3K
NOI $12,197 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$296.4K
$259.4K – $345.8K
NOI $20,749 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway 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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated residence with tile flooring and recently replaced roof and air conditioning system.
Where is this duplex located?
The property is located at 5613 7TH STREET COURT E Bradenton, FL.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath residence; Built in 1982; Tile flooring throughout the main living areas
