Climate-Controlled Self Storage
For Sale
$259,000
829 57TH STREET E #25, Bradenton, FL 34208
Garage condominiums provide secure vehicle storage with private entrances, bathrooms, and individually metered electric service.
Property Size741 SF
Days on Market433
Property Features for 829 57TH STREET E #25
General Information
Standard status
Active
Size
741 SF
Property subtype
Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
36
Conditioned Warehouse
Yes
Self-Storage Units
36
Amenities
Climate-controlled
Motorized garage door
Separate pedestrian entrance
Half bathroom
Building Details
Building Size
741 SF
Year Built
2025
Construction
concrete block
Listing Agency:
MICHAEL SAUNDERS & COMPANY
(941) 388-4447
Listed By:
Joanna Benante · License #3194005
(941) 388-4447
Source:
Andrewgarcia-fl.kw
Added: Jun 25, 2025
Changed: Aug 29
Last Checked: Aug 30 at 1:23PM
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
Investment Insights
Based on property information with market context.
Built in 2025, this climate-controlled self-storage property contains 36 individually owned garage condominiums designed for car, RV, and boat storage. Each unit includes a motorized garage door with remote and keypad access, a separate pedestrian entry, half bathroom, concrete flooring, and 16-foot ceilings. Individual electric metering is provided, while association fees include water. Many construction components are Hurricane Impact Rated to Miami-Dade Standards (CAT5), with concrete block and steel reinforcement incorporated into the building system.
The property is located off SR 64, west of I-75, with access to downtown Sarasota, Bradenton, and the barrier islands. The address is 829 57th Street E, Bradenton, Florida.
The property is located off SR 64, west of I-75, with access to downtown Sarasota, Bradenton, and the barrier islands. The address is 829 57th Street E, Bradenton, Florida.
Key Highlights
- 36 individually owned garage condominiums
- Climate‑controlled storage for cars, RVs, and boats
- Motorized 14' H x 12' W garage doors with remote and keypad access
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
$7,687
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
2.97%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
36
Drive-in doors
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Garage condominiums provide secure vehicle storage with private entrances, bathrooms, and individually metered electric service.
Where is this self storage facility located?
The property is located at 829 57TH STREET E #25 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 storage for cars, RVs, and boats; Motorized 14' H x 12' W garage doors with remote and keypad access
