Climate-Controlled Self-Storage
For Sale
$259,000
829 57TH E 23, Bradenton, FL 34208
Individually owned garage condominiums include private pedestrian entrances and half bathrooms.
Property Size741 SF
Days on Market10
Property Features for 829 57TH E 23
General Information
Standard status
Active
Size
741 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
16 ft
Conditioned Warehouse
Yes
Self-Storage Units
36
Taxes and HOA fees
Annual Taxes
$10,490
Building Details
Building Size
741 SF
Year Built
2025
Construction
concrete block
Listing Agency:
MICHAEL SAUNDERS & COMPANY
Listed By:
Joanna Benante · License #SL3194005
(941) 356-7718
Source:
Elliman
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 26 at 6:34PM
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 MICHAEL SAUNDERS & COMPANY
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Investment Insights
Based on property information with market context.
Built in 2025, this climate-controlled self-storage property comprises 36 individually owned garage condominiums. Each unit has a motorized 14-foot-high by 12-foot-wide garage door with remote and keypad, a separate pedestrian entrance, a half bathroom, concrete flooring and 16-foot ceilings. Units are individually metered for electricity, and water is included in the association fees.
The property is at 829 57TH E 23 in Bradenton, west of I-75 and accessible from SR 64. Construction features include concrete block and steel reinforcement; some components carry hurricane-impact ratings to Miami-Dade CAT5 standards.
The property is at 829 57TH E 23 in Bradenton, west of I-75 and accessible from SR 64. Construction features include concrete block and steel reinforcement; some components carry hurricane-impact ratings to Miami-Dade CAT5 standards.
Key Highlights
- 36 individually owned garage condominiums
- Climate‑controlled facility built in 2025
- Motorized 14' H x 12' W garage door with remote and keypad at each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,687
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$153,740
$153.7K
Cap Rate 7%
$109,814
$109.8K
Cap Rate 9%
$85,411
$85.4K
Market Conditions
NOI Build-Up for 741 SF
Gross rent
$11.6K $15.60/SF
− Vacancy
−$578 −$0.78/SF
EGI
$11.0K $14.82/SF
− OpEx
−$3.3K −$4.45/SF
NOI
$7.7K $10.37/SF
Area
Manatee County, FL
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$153,740
Cap Rate 7%
$109,814
Cap Rate 9%
$85,411
Alternative Uses
Best Use
Self Storage
$109.8K
$96.1K – $128.1K
NOI $7,687 @ 7.0% cap · market cap 2.97%
Second Best
Warehouse
$108.1K
$94.6K – $126.2K
NOI $7,570 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$217.9K
$190.7K – $254.2K
NOI $15,253 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
16 ft
Clear height
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
579
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - Individually owned garage condominiums include private pedestrian entrances and half bathrooms.
Where is this self storage facility located?
The property is located at 829 57TH E 23 Bradenton, FL.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 36 individually owned garage condominiums; Climate‑controlled facility built in 2025; Motorized 14' H x 12' W garage door with remote and keypad at each unit
