5619 27th St W, Bradenton, FL 34207

Building Details

Buildings 2 More

Building Size 5,624 SF More

Listing Agency: American Property Group of Sarasota Inc

Listed By: Adam Doak · License #FL 3271713 Show Phone

Source: Crexi

Added: Oct 8 Changed: Nov 8 Last Checked: Nov 8 at 5:47PM

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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 American Property Group of Sarasota Inc

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Investment Insights

Based on property information with market context.

The 5,624-SF office property occupies 1.1877 acres and includes a main building plus a detached former teller facility with four drive-through lanes. The site has approximately 50 parking spaces. Improvements to the main building include a full plumbing replacement from the street connection to the structure. The property previously operated as a bank and is zoned PR-M (Professional Medium), with a RES-16 Future Land Use designation. Professional, medical, and financial-service uses are identified for the site; redevelopment would be subject to County approval.

The property is at 5619 27th St W in Bradenton, directly across from State College of Florida - SCF Bradenton and a short distance from IMG Academy.

Key Highlights

• 5,624 SF of building area on 1.1877 acres
• Approximately 50 parking spaces
• Separate teller facility with four drive‑through lanes

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$91,838

Cap Rate

4.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,836,760 $1.8M

Cap Rate 7%

$1,311,971 $1.3M

Cap Rate 9%

$1,020,422 $1.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,624 SF

Gross rent

$129.6K $23.04/SF

− Vacancy

−$7.1K −$1.27/SF

EGI

$122.5K $21.77/SF

− OpEx

−$30.6K −$5.44/SF

NOI

$91.8K $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 Rate 5%

$1,836,760

Cap Rate 7%

$1,311,971

Cap Rate 9%

$1,020,422

Alternative Uses

Best Use

Office B

$1.31M

$1.15M – $1.53M (±1% cap)

NOI $91,838 @ 7.0% cap · market cap 4.59%

Second Best

Specialty Retail

$1.06M

$926.3K – $1.24M (±1% cap)

NOI $74,102 @ 7.0% cap · market cap 3.71%

Theoretical Best

Office A

$1.65M

$1.45M – $1.93M (±1% cap)

NOI $115,769 @ 7.0% cap · market cap 5.79%

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

Office buildings

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Restaurant Auto Repair Shop Law Firm Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

759

Businesses Nearby

Explore this area Business Placement

Demographics for 34207, FL

35,281

Population

19,411

Households

1.8

Avg Household Size

45

Median Age

16%

College-Educated

84%

High-School Grad

6.2 sq mi

ZIP Area

5,690

Density / Sq Mi

$49,162

Median Household Income

$33,035

Median Earnings

$1,270

Median Rent

$122,100

Median Home Value

Market

Average Price Trend$/SF for Office buildings in Bradenton, FL

$247 Jul

$185 Aug

$241 Sep

$256 Oct

Properties on Market for Office buildings in Bradenton

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - A renovated main building and separate teller facility accommodate professional, medical, or financial-service uses.

Where is this office building located?

The property is located at 5619 27th St W Bradenton, FL.

What is the asking price?

The asking price for this property is $1,999,000.

What are key features of this property?

This property features: 5,624 SF of building area on 1.1877 acres; Approximately 50 parking spaces; Separate teller facility with four drive‑through lanes