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    5426 18Th St Bradenton, FL 34207

    Sponsored
    For Sale
    $1,395,000

    Assisted living facility, strong cash flow.

    Property size:
    6,539 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Bradenton, Florida property presents a compelling investment opportunity. The 6,539 square foot, two-building complex sits on a 0.7-acre lot (APN 6039700159) and includes nine units with eighteen beds. Built in 1980 and renovated in 2019, the property boasts a Class B rating and currently operates as an assisted/independent living facility under a triple-net (NN) lease, expiring October 31, 2024. The lease, initiated November 1, 2021, has a three-year term, with the tenant remaining month-to-month thereafter. The current NOI is $90,000, with a pro-forma NOI of $110,000, yielding a 6.45% cap rate and a pro-forma cap rate of 7.89%. The asking price is $1,395,000 ($213.34/sq ft, $155,000/unit), representing an 88% occupancy rate. The property is zoned for homes for the aged (7400) and features a 22KW generator with a 5-year warranty installed in 2019. Additional income potential exists through the approximately 1,100 square foot cottage, currently vacant, and a vacant lot offering expansion possibilities. The tenant is responsible for utilities, taxes, landscaping, interior repairs and insurance

    Property Features for 5426 18Th St

    General Information

    Property type
    Schools
    Square Feet
    6,539 SF
    Class
    B
    Lot Size
    30,492 SF

    Building Details

    Year Built/Renovated
    1980/2019
    Buildings
    2
    Stories
    1
    Units
    9

    HighLights

    • 6,539 SF, two‑building assisted/independent living facility on a 0.7‑acre lot in Bradenton, FL (APN 6039700159).
    • Nine units with eighteen beds, Class B construction (built 1980, renovated 2019), currently under a triple‑net (NN) lease expiring October 31, 2024 (month‑to‑month thereafter).
    • $1,395,000 asking price ($213.34/SF, $155,000/unit), 88% occupancy, current NOI $90,000, pro‑forma NOI $110,000 (6.45% cap rate, pro‑forma 7.89%).
    • Zoned for homes for the aged (7400), includes a 22KW generator (5‑year warranty, installed 2019), vacant 1,100 SF cottage and additional vacant land offering expansion potential. Tenant responsible for all utilities, taxes, landscaping, interior repairs, and insurance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Greatest Generation ALF Aged Care Rainey Day Homes ... Group Home

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton
    County
    Manatee
    State
    Florida
    Longitude
    -82.5801577
    Latitude
    27.4446187

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    FAQs

    What type of property is this?
    School - Assisted living facility, strong cash flow.
    Where is this school located?
    The property is located at 5426 18Th St Bradenton, FL.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: 6,539 SF, two-building assisted/independent living facility on a 0.7-acre lot in Bradenton, FL (APN 6039700159).; Nine units with eighteen beds, Class B construction (built 1980, renovated 2019), currently under a triple-net (NN) lease expiring October 31, 2024 (month-to-month thereafter).; $1,395,000 asking price ($213.34/SF, $155,000/unit), 88% occupancy, current NOI $90,000, pro-forma NOI $110,000 (6.45% cap rate, pro-forma 7.89%).
    Request Owner's contact information
    5426 18Th St Bradenton, FL 34207
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    Bradenton, FL 34207
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5426 18Th St Bradenton, FL 34207
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