Multi-Tenant Shopping
6023 15th St E, Bradenton, FL 34203
For Sale
Contact for pricing
Commercial center with multiple rental suites, an available unit, and an adjoining vacant rear lot.
Property Size17,100 SF
Lot Size2.48 Acres
Price / SF$216.08
Days on Market132
Property Features for 6023 15th St E
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Building Details
Tenancy
Listing Agency:
RKW Button
(941) 378-2328
Listed By:
Jeff Button · License #543286
(941) 313-1193
Source:
Moodyscre
Added: Jul 1
Changed: Nov 5
Last Checked: Nov 8 at 8:35AM
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 RKW Button
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Investment Insights
Based on property information with market context.
This multi-tenant retail property contains 17,100 SF across 8 rental spaces, with suites ranging from 1,200 SF to 4,800 SF. 7 spaces are currently occupied, while 1 unit remains available. The property also includes a vacant lot at the rear, adding additional existing land area to the asset.
Situated at 6023 15th St E in Bradenton, Florida, the property is zoned HC, or Heavy Commercial District, by Manatee County. The combination of established occupancy, varied suite sizes, and remaining vacancy provides a current operating base with additional occupancy to address. Full occupancy is described as supporting an 8+% cap rate.
Situated at 6023 15th St E in Bradenton, Florida, the property is zoned HC, or Heavy Commercial District, by Manatee County. The combination of established occupancy, varied suite sizes, and remaining vacancy provides a current operating base with additional occupancy to address. Full occupancy is described as supporting an 8+% cap rate.
Key Highlights
- 17,100 SF multi‑tenant retail property on 2.48 Acres
- 8 rental spaces with 7 currently occupied
- Suite sizes range from 1,200 SF to 4,800 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$210,289
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,205,780
$4.2M
Cap Rate 7%
$3,004,129
$3.0M
Cap Rate 9%
$2,336,544
$2.3M
Market Conditions
NOI Build-Up for 17,100 SF
Gross rent
$307.8K $18.00/SF
− Vacancy
−$7.4K −$0.43/SF
EGI
$300.4K $17.57/SF
− OpEx
−$90.1K −$5.27/SF
NOI
$210.3K $12.30/SF
Area
Manatee County, FL
Vacancy
2.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,205,780
Cap Rate 7%
$3,004,129
Cap Rate 9%
$2,336,544
Alternative Uses
Best Use
Retail
$3.00M
$2.63M – $3.50M
NOI $210,289 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.03M
$4.40M – $5.87M
NOI $352,000 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
35k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Dining 20%
Electronics 2%
7-Eleven
Shops & Services
15,206 visits/mo
0.2 miles
KFC
Dining
6,922 visits/mo
0.3 miles
Sunoco
Shops & Services
4,153 visits/mo
0.2 miles
Citgo
Shops & Services
3,633 visits/mo
0.3 miles
Advance Auto Parts
Shops & Services
2,874 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Perfumes Mania — 1903 60th Pl E, Bradenton, FL 34203
- All Star — 5803 15th St E, Bradenton, FL 34203
Frequently Asked Questions
What type of property is this?
Shopping center - Commercial center with multiple rental suites, an available unit, and an adjoining vacant rear lot.
Where is this shopping center located?
The property is located at 6023 15th St E Bradenton, FL.
What is the asking price?
The asking price for this property is $3,695,000.
What are key features of this property?
This property features: 17,100 SF multi‑tenant retail property on 2.48 Acres; 8 rental spaces with 7 currently occupied; Suite sizes range from 1,200 SF to 4,800 SF
