Corner Storefront Shell
For Sale
$395,000
904 7th Avenue East, Bradenton, FL 34208
Renovation-ready commercial shell at a signalized intersection with established curb cuts and a roadside billboard.
Property Size1,922 SF
Price / SF$205.52
Days on Market154
Property Features for 904 7th Avenue East
General Information
Standard status
Active
Size
1,922 SF
Property subtype
Retail
Property Condition
Severity
Repairs Needed
Evidence
shell building ready to be renovated
Site & Location
Corner Location
Yes
Traffic Count
32,400 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Gross Income
$15,000
Building Details
Building Size
1,922 SF
Year Built
1960
Buildings
1
Listing Agency:
SVN COMMERCIAL ADVISORY GROUP
(941) 374-9657
Listed By:
Tony Veldkamp, CCIM · License #FL #BK576074
(941) 374-9657
Source:
Suncoastsvn
Added: Apr 1
Changed: Aug 30
Last Checked: Aug 30 at 8:55AM
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 SVN COMMERCIAL ADVISORY GROUP
Investment Insights
Based on property information with market context.
This 1,922-square-foot storefront shell, constructed in 1960, offers a flexible starting point for a retail or office buildout. The interior is unfinished and can be renovated to accommodate the eventual user's requirements. A roadside billboard is also located on the property.
The site occupies a signalized corner where SR 64 eastbound, also identified as 6th Avenue East, meets 9th Street East. Access is established from both 7th Avenue East and 9th Street East, while a crosswalk connects the property with a nearby apartment complex. 9th Street East provides a route toward the Tropicana facility and US 301. Combined traffic at the intersection is approximately 32,400 vehicles per day.
The site occupies a signalized corner where SR 64 eastbound, also identified as 6th Avenue East, meets 9th Street East. Access is established from both 7th Avenue East and 9th Street East, while a crosswalk connects the property with a nearby apartment complex. 9th Street East provides a route toward the Tropicana facility and US 301. Combined traffic at the intersection is approximately 32,400 vehicles per day.
Key Highlights
- 1,922 SF shell building constructed in 1960
- Signalized corner at SR 64 eastbound and 9th Street East
- Approximately 32,400 vehicles per day combined traffic count
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
$31,385
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
7.95%
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%
$627,700
$627.7K
Cap Rate 7%
$448,357
$448.4K
Cap Rate 9%
$348,722
$348.7K
Market Conditions
NOI Build-Up for 1,922 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
$44.3K $23.04/SF
− Vacancy
−$2.4K −$1.27/SF
EGI
$41.8K $21.77/SF
− OpEx
−$10.5K −$5.44/SF
NOI
$31.4K $16.33/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
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%
$627,700
Cap Rate 7%
$448,357
Cap Rate 9%
$348,722
Alternative Uses
Best Use
Office B
$448.4K
$392.3K – $523.1K
NOI $31,385 @ 7.0% cap · market cap 7.95%
Second Best
Retail
$337.7K
$295.5K – $393.9K
NOI $23,636 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$565.2K
$494.6K – $659.4K
NOI $39,564 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
32,400 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
Under-served
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Amanada Moore, Florist — 6508 7th Ave Cir W, Bradenton, FL 34209
Frequently Asked Questions
What type of property is this?
Storefront property - Renovation-ready commercial shell at a signalized intersection with established curb cuts and a roadside billboard.
Where is this storefront property located?
The property is located at 904 7th Avenue East Bradenton, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 1,922 SF shell building constructed in 1960; Signalized corner at SR 64 eastbound and 9th Street East; Approximately 32,400 vehicles per day combined traffic count
