Flex Space with Office and
For Sale
$495,458
7-515 27th St E, Bradenton, FL 34205
Front office and back warehouse setup with forklift-ready shelving and semi-truck capable rear garage door.
Property Size1,500 SF
Price / SF$330.31
Days on Market480
Property Features for 7-515 27th St E
General Information
Standard status
Active
Size
1,500 SF
Additional Details
Highway Access
Yes
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$3,663
Listing Agency:
KIRSTEN REALTY INC
(800) 687-2052
Listed By:
Ivan Gutierrez · License #3215439
(727) 851-6575
Source:
Exprealty
Added: Jun 3, 2025
Changed: Sep 21
Last Checked: Sep 24 at 11:03AM
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 KIRSTEN REALTY INC
Investment Insights
Based on property information with market context.
This flex space is designed as a multiuse layout with office space in the front and warehouse space in the back, providing flexible and expandable working areas. The warehouse includes heavy-duty shelves that are forklift-ready, along with loft storage for additional overhead storage. An expandable office area supports a variety of office and operational needs.
The back of the space features a large garage door with semi-truck access, supporting straightforward loading and delivery workflows. The property is in a professional high-traffic area and offers easy access to I-75, helping connect day-to-day operations with regional routes. The space is approximately 1,500 SF.
The back of the space features a large garage door with semi-truck access, supporting straightforward loading and delivery workflows. The property is in a professional high-traffic area and offers easy access to I-75, helping connect day-to-day operations with regional routes. The space is approximately 1,500 SF.
Key Highlights
- Approximately 1,500 SF flex space with office in front and warehouse in back
- Heavy‑duty, forklift‑ready shelving in the warehouse
- Loft storage for additional overhead storage
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
$15,323
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
3.09%
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%
$306,460
$306.5K
Cap Rate 7%
$218,900
$218.9K
Cap Rate 9%
$170,256
$170.3K
Market Conditions
NOI Build-Up for 1,500 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
$18.7K $12.48/SF
− Vacancy
−$693 −$0.46/SF
EGI
$18.0K $12.02/SF
− OpEx
−$2.7K −$1.80/SF
NOI
$15.3K $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%
$306,460
Cap Rate 7%
$218,900
Cap Rate 9%
$170,256
Alternative Uses
Best Use
Warehouse
$218.9K
$191.5K – $255.4K
NOI $15,323 @ 7.0% cap · market cap 3.09%
Second Best
Flex RnD
$211.2K
$184.8K – $246.4K
NOI $14,783 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$441.1K
$386.0K – $514.6K
NOI $30,877 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34205, FL
33,789
Population
16,610
Households
2
Avg Household Size
44
Median Age
24%
College-Educated
87%
High-School Grad
6.5 sq mi
ZIP Area
5,198
Density / Sq Mi
$51,170
Median Household Income
$37,037
Median Earnings
$1,323
Median Rent
$236,900
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 - Front office and back warehouse setup with forklift-ready shelving and semi-truck capable rear garage door.
Where is this flex space located?
The property is located at 7-515 27th St E Bradenton, FL.
What is the asking price?
The asking price for this property is $495,458.
What are key features of this property?
This property features: Approximately 1,500 SF flex space with office in front and warehouse in back; Heavy‑duty, forklift‑ready shelving in the warehouse; Loft storage for additional overhead storage
