Bradenton Industrial Property for
For Sale
Contact for pricing
Pending
6115 31st St E, Bradenton, FL 34203
Single-tenant industrial property with upside potential in Bradenton, Florida.
Property Size20,046 SF
Days on Market169
Property Features for 6115 31st St E
General Information
Standard status
Pending
Size
20,046 SF
Property subtype
Industrial
Zoning
LM
Occupancy
100%
Lease Type
Gross
Net Operating Income
$179,293
Building Details
Year Built
2001
Year Renovated
2020
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Ripco Real Estate
Listed By:
Vinny Prospal · License #SL3642025
Source:
Crexi
Added: Mar 9
Changed: Aug 9
Last Checked: Aug 19 at 6:50PM
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 Ripco Real Estate
Investment Insights
Based on property information with market context.
The property at 6115 31st Street East, Bradenton, is a single-tenant industrial building fully leased to EMMI, formerly known as Mader Electric, a company established 40 years ago. The current full-service lease is below market and expires in December 2026, presenting an opportunity to increase rents to market rates and convert to a NNN lease. The property features 24' ceilings, a fully air-conditioned warehouse, dock-high and drive-in loading capabilities, oversized roll-up and hangar-style doors, and a small fenced-in outside storage area. It is situated in a strong industrial area off US Hwy 301, a major north/south thoroughfare, and 63rd Avenue East, which is planned to widen to 4 lanes and extend to I-75. The property size is 20,046 square feet.
Key Highlights
- Single tenant industrial property fully leased to a 40‑year established company (EMMI).
- Upside potential in bringing rents to market rate and converting to a NNN lease upon lease expiration in December 2026.
- Located in a strong industrial pocket off US Hwy 301, with planned road widening to 4 lanes on 63rd Avenue East, providing easy access to I‑75.
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
$204,780
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
6.30%
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%
$4,095,600
$4.1M
Cap Rate 7%
$2,925,429
$2.9M
Cap Rate 9%
$2,275,333
$2.3M
Market Conditions
NOI Build-Up for 20,046 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
$250.2K $12.48/SF
− Vacancy
−$9.3K −$0.46/SF
EGI
$240.9K $12.02/SF
− OpEx
−$36.1K −$1.80/SF
NOI
$204.8K $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 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%
$4,095,600
Cap Rate 7%
$2,925,429
Cap Rate 9%
$2,275,333
Alternative Uses
Best Use
Warehouse
$2.93M
$2.56M – $3.41M
NOI $204,780 @ 7.0% cap · market cap 6.30%
Second Best
Industrial
$2.41M
$2.11M – $2.81M
NOI $168,642 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$5.89M
$5.16M – $6.88M
NOI $412,643 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Well-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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Single-tenant industrial property with upside potential in Bradenton, Florida.
Where is this warehouse located?
The property is located at 6115 31st St E Bradenton, FL.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Single tenant industrial property fully leased to a 40‑year established company (EMMI).; Upside potential in bringing rents to market rate and converting to a NNN lease upon lease expiration in December 2026.; Located in a strong industrial pocket off US Hwy 301, with planned road widening to 4 lanes on 63rd Avenue East, providing easy access to I‑75.
