Two-Unit Flex
For Sale
Contact for pricing
5998 21st Street East, Bradenton, FL 34203
A second storefront entrance and separate electrical meters support a potential two-suite layout.
Property Size4,892 SF
Price / SF$274.97
Days on Market8
Property Features for 5998 21st Street East
General Information
Standard status
Active
Size
4,892 SF
Property subtype
INDUSTRIAL
Site & Location
Road Access
Yes
Utilities to Site
Yes
Listing Agency:
SAM ERB REALTY LLC
Listed By:
Samuel S Erb
(941) 915-1005
Source:
Moodyscre
Added: Sep 29
Changed: Oct 1
Last Checked: Oct 5 at 9:19PM
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 SAM ERB REALTY LLC
Investment Insights
Based on property information with market context.
This 4,892-square-foot flex building is configured to accommodate two units. A separate storefront entrance and its own electrical meter serve the second potential suite, with plumbing in place for a restroom. The main warehouse has two 12-foot-wide by 14-foot-high roll-up doors and two man doors. A smaller warehouse area at the north end includes a 10-foot by 10-foot roll-up door for equipment or personal storage.
The property sits on a corner lot in an industrial area with driveway access from two roads.
The property sits on a corner lot in an industrial area with driveway access from two roads.
Key Highlights
- Designed for potential division into two flex units, with a separate storefront entrance and electrical meter
- 4,892‑square‑foot building with two 12' wide x 14' high roll‑up doors in the main warehouse
- North‑end storage area has a 10' x 10' roll‑up door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,974
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$999,480
$999.5K
Cap Rate 7%
$713,914
$713.9K
Cap Rate 9%
$555,267
$555.3K
Market Conditions
NOI Build-Up for 4,892 SF
Gross rent
$61.1K $12.48/SF
− Vacancy
−$2.3K −$0.46/SF
EGI
$58.8K $12.02/SF
− OpEx
−$8.8K −$1.80/SF
NOI
$50.0K $10.22/SF
Area
Manatee County, FL
Vacancy
3.70%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$999,480
Cap Rate 7%
$713,914
Cap Rate 9%
$555,267
Alternative Uses
Best Use
Warehouse
$713.9K
$624.7K – $832.9K
NOI $49,974 @ 7.0% cap · market cap 3.72%
Second Best
Flex RnD
$688.7K
$602.7K – $803.5K
NOI $48,212 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,701 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A second storefront entrance and separate electrical meters support a potential two-suite layout.
Where is this flex space located?
The property is located at 5998 21st Street East Bradenton, FL.
What is the asking price?
The asking price for this property is $1,345,140.
What are key features of this property?
This property features: Designed for potential division into two flex units, with a separate storefront entrance and electrical meter; 4,892‑square‑foot building with two 12' wide x 14' high roll‑up doors in the main warehouse; North‑end storage area has a 10' x 10' roll‑up door
