Built-Out Medical Office
5715 21st Ave W, Bradenton, FL 34209
For Sale
Contact for pricing
Configured for medical operations with exam, laboratory, administrative, and patient-facing areas in a professional center.
Property Size3,095 SF
Price / SF$322.78
Days on Market104
Property Features for 5715 21st Ave W
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Building Details
Units
Listing Agency:
American Property Group of Sarasota Inc
Listed By:
Adam Doak · License #FL 3271713
(941) 923-0535
Source:
Crexi
Added: Jul 29
Changed: Nov 5
Last Checked: Nov 8 at 7:34AM
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.
This 3,095-square-foot medical office suite is fully built out within Oak Park Medical and Professional Center. The layout includes four exam rooms, a laboratory, multiple private offices, a patient reception and waiting area, a billing office, and a dedicated data and phone room. Six restrooms are provided, including private facilities in three of the four offices. A breakroom with kitchen area completes the interior configuration.
The property is located at 5715 21st Ave W in Bradenton, next to HCA Florida Blake Hospital. The suite includes two covered parking spaces and a private entrance, adding dedicated access for physicians or staff. The property is zoned P.
The property is located at 5715 21st Ave W in Bradenton, next to HCA Florida Blake Hospital. The suite includes two covered parking spaces and a private entrance, adding dedicated access for physicians or staff. The property is zoned P.
Key Highlights
- 3,095 SF medical office suite in Oak Park Medical and Professional Center
- Four exam rooms plus laboratory and multiple private offices
- Six restrooms, including private facilities in three of four offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,540
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,010,800
$1.0M
Cap Rate 7%
$722,000
$722.0K
Cap Rate 9%
$561,556
$561.6K
Market Conditions
NOI Build-Up for 3,095 SF
Gross rent
$71.3K $23.04/SF
− Vacancy
−$3.9K −$1.27/SF
EGI
$67.4K $21.77/SF
− OpEx
−$16.8K −$5.44/SF
NOI
$50.5K $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%
$1,010,800
Cap Rate 7%
$722,000
Cap Rate 9%
$561,556
Alternative Uses
Best Use
Office B
$722.0K
$631.8K – $842.3K
NOI $50,540 @ 7.0% cap · market cap 5.06%
Second Best
Healthcare Medical
$682.6K
$597.3K – $796.4K
NOI $47,782 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$910.1K
$796.4K – $1.06M
NOI $63,710 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
853
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 34209, FL
32,940
Population
18,896
Households
1.7
Avg Household Size
58
Median Age
36%
College-Educated
93%
High-School Grad
12.6 sq mi
ZIP Area
2,614
Density / Sq Mi
$80,829
Median Household Income
$41,649
Median Earnings
$1,847
Median Rent
$357,300
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Bradenton, FL
Properties on Market for Medical Office Space in Bradenton
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for medical operations with exam, laboratory, administrative, and patient-facing areas in a professional center.
Where is this medical office space located?
The property is located at 5715 21st Ave W Bradenton, FL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 3,095 SF medical office suite in Oak Park Medical and Professional Center; Four exam rooms plus laboratory and multiple private offices; Six restrooms, including private facilities in three of four offices
