Office Building with Central
New
For Sale
$2,200,000
718 60TH STREET COURT E, Bradenton, FL 34208
Office property with central air, GC zoning, and a 2007 construction date.
Property Size6,450 SF
Price / SF$341.09
Days on Market7
Property Features for 718 60TH STREET COURT E
General Information
Standard status
Active
Size
6,450 SF
Zoning
GC
Net Operating Income
$133,900
Taxes and HOA fees
Annual Taxes
$11,757
Amenities
Overhead Doors
Central Air
Building Details
Building Size
6,450 SF
Year Built
2007
Stories
1
Listing Agency:
WAGNER REALTY
(941) 727-1175
Listed By:
David Fletcher
(941) 727-1175
Source:
Evrealestate
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 9 at 6:35AM
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 WAGNER REALTY
Investment Insights
Based on property information with market context.
This office building provides 6,450 square feet of commercial space and was constructed in 2007. Central air is listed among the interior features, and the property carries GC zoning.
The property is located at 718 60th Street Court E in Bradenton, within Manatee County. From I-75, access is provided by the SR 64 exit westbound, followed by a left turn at the 60th Street Court E and Cypress Boulevard signal. The building is the third on the right.
The property is located at 718 60th Street Court E in Bradenton, within Manatee County. From I-75, access is provided by the SR 64 exit westbound, followed by a left turn at the 60th Street Court E and Cypress Boulevard signal. The building is the third on the right.
Key Highlights
- 6,450‑square‑foot office building
- Constructed in 2007
- Central air included
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
$105,326
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
4.79%
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%
$2,106,520
$2.1M
Cap Rate 7%
$1,504,657
$1.5M
Cap Rate 9%
$1,170,289
$1.2M
Market Conditions
NOI Build-Up for 6,450 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
$148.6K $23.04/SF
− Vacancy
−$8.2K −$1.27/SF
EGI
$140.4K $21.77/SF
− OpEx
−$35.1K −$5.44/SF
NOI
$105.3K $16.33/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
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%
$2,106,520
Cap Rate 7%
$1,504,657
Cap Rate 9%
$1,170,289
Alternative Uses
Best Use
Office B
$1.50M
$1.32M – $1.76M
NOI $105,326 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,772 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Explore this area
Business Placement
Demographics for 34208, FL
38,522
Population
17,056
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
80%
High-School Grad
16.5 sq mi
ZIP Area
2,335
Density / Sq Mi
$59,899
Median Household Income
$37,489
Median Earnings
$1,409
Median Rent
$303,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office property with central air, GC zoning, and a 2007 construction date.
Where is this office building located?
The property is located at 718 60TH STREET COURT E Bradenton, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 6,450‑square‑foot office building; Constructed in 2007; Central air included
