Mixed-Use Redevelopment
For Sale
$3,300,000
5827 14th Street West, Bradenton, FL 34207
Large commercial corridor parcel with an existing freestanding building, flexible PR-M zoning, and ROR future land use designation.
Property Size6,138 SF
Days on Market194
Property Features for 5827 14th Street West
General Information
Standard status
Active
Size
6,138 SF
Property subtype
Street Retail
Building Details
Building Size
6,138 SF
Year Built
1972
Listing Agency:
American Property Group of Sarasota, Inc.
(941) 923-0535
Listed By:
Adam Doak · License #3271713
(941) 923-0535
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 4:40PM
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.
Investment Insights
Based on property information with market context.
This mixed-use property comprises approximately 2.91 acres with a freestanding 6,138-square-foot building constructed in 1972. The parcel extends about 636 feet in depth and includes approximately 200 feet along 14th St W (US-41), providing a substantial development footprint with an existing improvement in place.
Positioned on a heavily traveled Manatee County corridor, the site records traffic of more than 45,000 vehicles per day and is surrounded by national retailers including Target, Winn-Dixie, and Publix. The property is zoned PR-M with an ROR future land use designation. The listing identifies potential commercial, medical, residential, and institutional applications, including retail, office, multifamily, banking, veterinary, assisted living, childcare, church, and school uses; allowable uses should be verified with Manatee County.
Positioned on a heavily traveled Manatee County corridor, the site records traffic of more than 45,000 vehicles per day and is surrounded by national retailers including Target, Winn-Dixie, and Publix. The property is zoned PR-M with an ROR future land use designation. The listing identifies potential commercial, medical, residential, and institutional applications, including retail, office, multifamily, banking, veterinary, assisted living, childcare, church, and school uses; allowable uses should be verified with Manatee County.
Key Highlights
- Approximately ±2.91 acres with a 6,138 SF existing freestanding building
- Approximately ±200 feet of frontage and ±636 feet of depth
- 45,000+ vehicles per day along the US‑41 corridor
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
$107,607
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
3.26%
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%
$2,152,140
$2.2M
Cap Rate 7%
$1,537,243
$1.5M
Cap Rate 9%
$1,195,633
$1.2M
Market Conditions
NOI Build-Up for 6,138 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
$184.1K $30.00/SF
− Vacancy
−$12.0K −$1.95/SF
EGI
$172.2K $28.05/SF
− OpEx
−$64.6K −$10.52/SF
NOI
$107.6K $17.53/SF
Area
Manatee County, FL
Vacancy
6.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
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%
$2,152,140
Cap Rate 7%
$1,537,243
Cap Rate 9%
$1,195,633
Alternative Uses
Best Use
Mixed Use
$1.54M
$1.35M – $1.79M
NOI $107,607 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.58M – $2.11M
NOI $126,350 @ 7.0% cap · market cap 3.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
696
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Large commercial corridor parcel with an existing freestanding building, flexible PR-M zoning, and ROR future land use designation.
Where is this mixed-use property located?
The property is located at 5827 14th Street West Bradenton, FL.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Approximately ±2.91 acres with a 6,138 SF existing freestanding building; Approximately ±200 feet of frontage and ±636 feet of depth; 45,000+ vehicles per day along the US‑41 corridor
