Climate-Controlled Garage
For Sale
$259,000
829 57th Street E Unit A101, Bradenton, FL 34208
Private garage condominium with a pedestrian entrance, half bathroom, concrete flooring, and individually metered electric service.
Property Size741 SF
Price / SF$349.53
Days on Market445
Property Features for 829 57th Street E Unit A101
General Information
Standard status
Active
Size
741 SF
Property subtype
Garage/Parking Space
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
1
Conditioned Warehouse
Yes
Taxes and HOA fees
Annual Taxes
$10,490
Amenities
A/C - Other
3
Concrete, Other
Other
Cathedral/vaulted Ceiling, Open Floor Plan
Concrete
Fenced Yard.
Asphalt.
Building Details
Year Built
2025
Stories
1
Construction
concrete block
Listing Agency:
MICHAEL SAUNDERS & COMPANY
(941) 388-4447
Listed By:
Joanna Benante · License #3194005
Source:
Xome
Added: Jun 13, 2025
Changed: Aug 29
Last Checked: Aug 30 at 2:59PM
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.
This 2025 garage condominium is part of a climate-controlled storage facility designed for vehicles and recreational equipment. The unit includes a motorized garage door with remote and keypad access, a separate pedestrian entrance, half bathroom, concrete floors, and 16-foot ceilings. Interior features include an open floor plan and vaulted ceiling design. Electric service is individually metered, while association fees include water.
The property is located at 829 57th Street E Unit A101 in Bradenton, west of I-75 and near SR 64. The facility has concrete construction, steel reinforcement, fencing, asphalt improvements, and construction components rated to Miami-Dade CAT5 standards. Its setting provides an alternative to storing vehicles near barrier islands and waterfront areas.
The property is located at 829 57th Street E Unit A101 in Bradenton, west of I-75 and near SR 64. The facility has concrete construction, steel reinforcement, fencing, asphalt improvements, and construction components rated to Miami-Dade CAT5 standards. Its setting provides an alternative to storing vehicles near barrier islands and waterfront areas.
Key Highlights
- Climate‑controlled garage condominium completed in 2025
- Motorized 14' H x 12' W garage door with remote and keypad
- 16' ceilings with open floor plan and vaulted ceiling design
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
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
Balanced
Demand for This Use
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.
Similar Off Market Nearby
- Tool & Truck Rental Center at The Home Depot — 5820 FL-64 E, Bradenton, FL 34208
- U-Haul Neighborhood Dealer — 6403 FL-64, Bradenton, FL 34208
Frequently Asked Questions
What type of property is this?
Parking lot & garage - Private garage condominium with a pedestrian entrance, half bathroom, concrete flooring, and individually metered electric service.
Where is this parking lot & garage located?
The property is located at 829 57th Street E Unit A101 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: Climate‑controlled garage condominium completed in 2025; Motorized 14' H x 12' W garage door with remote and keypad; 16' ceilings with open floor plan and vaulted ceiling design
