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    239 301 Blvd Bradenton, FL 34208

    For Sale
    $1,750,000

    Bradenton Office Building, High NOI Potential

    Property size:
    10,860 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    Desoto Professional Plaza, a 10,860-square-foot office building in Bradenton, Florida, presents a compelling value-add investment opportunity. This single-story, 1983-built property boasts eight rental suites ranging from 1,200 to 1,680 square feet, currently 100% occupied. Located at 239 301 Blvd E, Bradenton, FL 34208, the property enjoys high visibility and abundant parking, situated near the intersection of US 41 and Highway 301 Boulevard. The building features solid block construction and sits on a 1.32-acre lot. Currently operating with a 6.03% cap rate and $105,582 NOI, the property offers significant upside potential. Half of the tenants are on month-to-month leases, allowing for a strategic transition to triple-net leases. The pro-forma cap rate is projected at 7.98% with a pro-forma NOI of $139,719, reflecting the anticipated increase in revenue from lease restructuring. The remaining tenants are expected to renew their leases in 2024. This property is zoned CG and offers an asking price of $1,750,000, or $174.95 per square foot. The current leases are below market rate, providing a clear path to increased profitability. This is a rare opportunity to acquire a well-located, fully occupied office building with substantial value-add potential in a growing market.

    Property Features for 239 301 Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    10,860 SF
    Class
    C
    Lot Size
    57,499 SF

    Building Details

    Year Built
    1983
    Buildings
    1
    Stories
    1
    Units
    8

    HighLights

    • 10,860 SF office building in Bradenton, FL, on a 1.32‑acre lot.
    • High visibility and abundant parking at US 41 and Highway 301 intersection.
    • Eight suites (1,200‑1,680 SF), currently 100% occupied, offering significant value‑add potential.
    • Solid block construction; 6.03% cap rate, $105,582 NOI; pro‑forma 7.98% cap rate, $139,719 NOI.
    • Asking price: $1,750,000 ($174.95/SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Immigration Law Services Employment Attorney Camelot Community Care ... Social Services Organization Perfectshade creations llc Clothing Supplier iglesia bauptista Grocery Store Katrina D. Rae, ... Doctor

    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
    -82.5605517
    Latitude
    27.4644079

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    FAQs

    What type of property is this?
    Office Property / Space - Bradenton Office Building, High NOI Potential
    Where is this office property / space located?
    The property is located at 239 301 Blvd Bradenton, FL.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: 10,860 SF office building in Bradenton, FL, on a 1.32-acre lot.; High visibility and abundant parking at US 41 and Highway 301 intersection.; Eight suites (1,200-1,680 SF), currently 100% occupied, offering significant value-add potential.
    (813) 629-0997
    Request Owner's contact information
    239 301 Blvd Bradenton, FL 34208
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    Bradenton, FL 34208
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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.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    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
    239 301 Blvd Bradenton, FL 34208
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