Climate-Controlled Self Storage
For Sale
$353,000
829 57TH STREET E #28, Bradenton, FL 34208
Individually owned garage condominiums offer climate-controlled storage with private access, half bathrooms, and separately metered electricity.
Property Size966 SF
Days on Market297
Property Features for 829 57TH STREET E #28
General Information
Standard status
Active
Size
966 SF
Property subtype
Apartment
Additional Details
Utilities to Site
Yes
Clear Height
16 ft
Building Details
Building Size
966 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: Nov 7, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:54PM
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 consists of 36 individually owned condominium garages. Each unit includes a private motorized garage door, a separate pedestrian entry, a half bathroom, concrete flooring, and 16-foot ceilings. Electrical service is separately metered for each condominium, while association fees include water.
The facility is positioned off SR 64, west of I75, with access to Bradenton, Sarasota, and the barrier islands. Construction includes concrete block, steel reinforcement, and multiple hurricane-impact-rated components built to Miami-Dade Standards (CAT5). Garage doors measure 14 feet high by 12 feet wide and operate by remote or keypad.
The facility is positioned off SR 64, west of I75, with access to Bradenton, Sarasota, and the barrier islands. Construction includes concrete block, steel reinforcement, and multiple hurricane-impact-rated components built to Miami-Dade Standards (CAT5). Garage doors measure 14 feet high by 12 feet wide and operate by remote or keypad.
Key Highlights
- 36 individually owned self‑storage condominiums
- Climate‑controlled garage units with 16‑foot ceilings and concrete floors
- Each garage has a 14' H x 12' W motorized door with remote and keypad
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
$10,021
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
2.84%
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%
$200,420
$200.4K
Cap Rate 7%
$143,157
$143.2K
Cap Rate 9%
$111,344
$111.3K
Market Conditions
NOI Build-Up for 966 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
$15.1K $15.60/SF
− Vacancy
−$753 −$0.78/SF
EGI
$14.3K $14.82/SF
− OpEx
−$4.3K −$4.45/SF
NOI
$10.0K $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%
$200,420
Cap Rate 7%
$143,157
Cap Rate 9%
$111,344
Alternative Uses
Best Use
Self Storage
$143.2K
$125.3K – $167.0K
NOI $10,021 @ 7.0% cap · market cap 2.84%
Second Best
Warehouse
$141.0K
$123.4K – $164.5K
NOI $9,868 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$284.1K
$248.6K – $331.4K
NOI $19,885 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
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 - Individually owned garage condominiums offer climate-controlled storage with private access, half bathrooms, and separately metered electricity.
Where is this self storage facility located?
The property is located at 829 57TH STREET E #28 Bradenton, FL.
What is the asking price?
The asking price for this property is $353,000.
What are key features of this property?
This property features: 36 individually owned self‑storage condominiums; Climate‑controlled garage units with 16‑foot ceilings and concrete floors; Each garage has a 14' H x 12' W motorized door with remote and keypad
