Multifamily Property with Detached
New
For Sale
$750,000
804 66TH W, Bradenton, FL 34207
A separate apartment-style unit sits at the rear with an RV site connected to electric, water, and sewer.
Property Size3,276 SF
Lot Size0.42 Acres
Price / SF$228.94
Days on Market4
Property Features for 804 66TH W
General Information
Standard status
Active
Size
3,276 SF
Lot size
0.42 Acres
Property subtype
Investment
Zoning
RDD-4.5
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$8,201
Building Details
Building Size
3,276 SF
Year Built
1988
Listing Agency:
White Sands Realty Group Florida
Listed By:
Kano Keller · License #3009427
(941) 915-1297
Source:
Elliman
Added: Sep 29
Changed: Sep 30
Last Checked: Oct 1 at 10:49AM
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 White Sands Realty Group Florida
Investment Insights
Based on property information with market context.
At 804 66TH W in Bradenton, this multifamily property includes approximately 3,276 square feet of living area, with 5 bedrooms and 5 baths, on approximately 0.42 acres. The front building has upper-level living spaces with high ceilings, picture windows, and wraparound porches, plus additional bedroom and bath accommodations on the lower level. A detached 2-car garage at the rear is paired with a 1-bedroom, 1-bath apartment-style unit. The property also has an RV pad with electric, water, and sewer hookups; an RV currently occupies the pad under a rental arrangement. Year built is 1988.
The property is zoned RDD-4.5, and county records classify the land use as multifamily with 3–9 units. Sarasota-Bradenton International Airport, New College of Florida, University of South Florida Sarasota-Manatee, State College of Florida, restaurants, shopping, public transportation, and area beaches are among the named destinations in the surrounding area.
A reported concern applies to portions of the third floor, including a bathroom and sleeping or loft areas, which may not comply with current Florida building codes. Independent review of condition, permits, and code compliance by a qualified professional is advised as part of buyer due diligence.
The property is zoned RDD-4.5, and county records classify the land use as multifamily with 3–9 units. Sarasota-Bradenton International Airport, New College of Florida, University of South Florida Sarasota-Manatee, State College of Florida, restaurants, shopping, public transportation, and area beaches are among the named destinations in the surrounding area.
A reported concern applies to portions of the third floor, including a bathroom and sleeping or loft areas, which may not comply with current Florida building codes. Independent review of condition, permits, and code compliance by a qualified professional is advised as part of buyer due diligence.
Key Highlights
- Approximately 3,276 square feet of living area on approximately 0.42 acres
- Recorded multifamily land use of 3–9 units; zoned RDD‑4.5
- Detached 2‑car garage with an attached 1‑bedroom, 1‑bath apartment‑style unit
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
$39,639
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
5.29%
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%
$792,780
$792.8K
Cap Rate 7%
$566,271
$566.3K
Cap Rate 9%
$440,433
$440.4K
Market Conditions
NOI Build-Up for 3,276 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
$76.3K $23.28/SF
− Vacancy
−$4.2K −$1.28/SF
EGI
$72.1K $22.00/SF
− OpEx
−$32.4K −$9.90/SF
NOI
$39.6K $12.10/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$792,780
Cap Rate 7%
$566,271
Cap Rate 9%
$440,433
Alternative Uses
Best Use
Apartment 5plus
$566.3K
$495.5K – $660.7K
NOI $39,639 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$963.4K
$843.0K – $1.12M
NOI $67,436 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
Explore this area
Business Placement
Demographics for 34207, FL
35,281
Population
19,411
Households
1.8
Avg Household Size
45
Median Age
16%
College-Educated
84%
High-School Grad
6.2 sq mi
ZIP Area
5,690
Density / Sq Mi
$49,162
Median Household Income
$33,035
Median Earnings
$1,270
Median Rent
$122,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - A separate apartment-style unit sits at the rear with an RV site connected to electric, water, and sewer.
Where is this multifamily property located?
The property is located at 804 66TH W Bradenton, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approximately 3,276 square feet of living area on approximately 0.42 acres; Recorded multifamily land use of 3–9 units; zoned RDD‑4.5; Detached 2‑car garage with an attached 1‑bedroom, 1‑bath apartment‑style unit
