Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6003 14th W St Bradenton, FL 34207-4105
    Back to Search
    Property profile & analytics

    6003 14th W St, Bradenton, FL 34207-4105

    View on Map
    • Drug stores
    • 14,476 SF
    • 1.46 lot acres
    Off-Market
    Last Sale Dec 29, 2020
    $4,184,000
    Property ID
    US18-5439636
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,455,000
    Show details
    Cap Rate Potential
    3.4%
    Drug stores
    Location Intelligence

    Current Use by Public Records

    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • LibertyX Bitcoin ATM / Atm
    • Bitcoin Depot | BDCheckout / Atm
    • COVID-19 Drive-Thru Testing at Walgreens / Medical Laboratory
    • Nidhi Patel / Pharmacy

    Property Details for 6003 14th W St

    Year built
    2005
    Lot size
    1.46 lot acres
    Zone code
    GC
    Property type
    Drug stores
    APN
    60283.0100-9
    APU
    6028301009

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 29, 2020 — 6003 14th Street West Owner Ll Portfolio Owner Fund Wba IV Grant Deed · related $4.4M · Citi R/e Fndg INC
    Aug 7, 2020 $5,200,000 Wba Portfolio Owner Fund IV Ga Walgreen Co Grant Deed · related $225M · Goldman Sachs Bk USA
    Jun 3, 2005 $4,184,000 Walgreen Co Hupp Retail Flamingo LLC Warranty Deed —

    Description

    This exceptional investment opportunity presents a fee-simple Walgreens located at 6003 14th St W, Bradenton, FL 34207, in Manatee County. The property boasts 14,490 square feet on a 1.47-acre lot, built in 2005. It's currently operating under a triple-net (NNN) lease with a corporate guarantee, eliminating landlord responsibilities. The lease commenced July 21, 2020, and expires July 31, 2033, leaving approximately 8.7 years remaining. The current annual net operating income (NOI) is $364,000, representing a 6.00% cap rate with an asking price of $6,066,666 ($418.68 per square foot). The lease includes a unique provision for rent increases of 5% every five years, with the next increase scheduled in two years, projected to boost the cap rate by 30 basis points. The property benefits from its high-traffic location at the intersection of 14th Street West and 53rd Avenue West, experiencing significant daily vehicle counts. The surrounding area demonstrates strong demographics, with over 91,160 people within a three-mile radius and over 429,130 within ten miles. This presents a secure, high-return investment with a strong, nationally recognized tenant and built-in growth potential. 100% occupancy ensures immediate cash flow.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,305,000
      ML approach
      $5,215,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,965,000
      6.5%
      $2,740,000
      7%
      $2,545,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,118,000
      Market price range: $2.72M - $5.82M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,335,000
      Current use
      AUTO REPAIR, GARAGE
      $4,315,000
      Change: -0% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $4,255,000
      Change: -2% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton
    County
    Manatee
    State
    Florida
    Longitude
    -82.5749
    Latitude
    27.4345
    CBSA code
    35840
    CBSA name
    NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $37,062
    $528,057
    $1,788,895
    $2,316,952
    -
    $528,057
    $1,788,895
    $2,316,952

    Comparable in this City

    • Value Estimation
      $4,470,000
      11,200 SF

      6204 14th W St

      DRUG STORE, PHARMACY
      6204 14th W St, Bradenton, FL 34207-4610
      View Details
    • Value Estimation by Request
      2,620 SF

      415 53rd W Ave

      DRUG STORE, PHARMACY
      415 53rd W Ave, Bradenton, FL 34207-3416
      View Details
    • Value Estimation
      $1,725,000
      6,397 SF

      5305 26th W St

      FINANCIAL BUILDING
      5305 26th W St, Bradenton, FL 34207-3012
      View Details
    • Value Estimation by Request
      8,240 SF

      4430 14th W St

      CONVENIENCE STORE (W/FUEL PUMP)
      4430 14th W St, Bradenton, FL 34207-1425
      View Details
    • Value Estimation by Request
      1,560 SF

      4540 14th W St

      CONVENIENCE STORE (W/FUEL PUMP)
      4540 14th W St, Bradenton, FL 34207-1462
      View Details
    • Value Estimation
      $4,175,000
      2,498 SF

      5942 14th W St

      FINANCIAL BUILDING
      5942 14th W St, Bradenton, FL 34207-4021
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Freestanding Retail Building on Cortez

      Newly renovated retail building with a long-term NNN lease.
      1720 Cortez Rd, Bradenton, FL 34207
      View Details
    • $555,000
      1,875 SF

      Commercial Duplex on Cortez Road

      Flexible commercial space ideal for various business uses or investment.
      4426 5Th St W, Bradenton, FL 34207
      View Details
    • $1,200,000

      Restaurant & Bar on Tamiami Trail

      High-exposure commercial property suitable for redevelopment, expansion, or adaptive reuse.
      5131 14Th St W, Bradenton, FL 34207
      View Details
    • $1,500,000
      3,550 SF

      Bradenton Restaurant For Sale

      Restaurant building with frontage on N Tamiami Trail.
      6916 14Th St W, Bradenton, FL 34207
      View Details
    • $465,000

      Versatile Commercial Property Near College

      Move-in ready commercial building with diverse zoning and ample space.
      5715 26Th St W, Bradenton, FL 34207
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Retail Space Near US-41

      Retail space available in Bradenton, anchored by Publix and TJ Maxx.
      6026-6036 W 14Th St, Bradenton, FL 34207
      View Details
    • Contact for pricing

      Retail Pad Site For Lease

      Retail pad site available in a high-traffic location.
      6156 14Th Street Ct West, Bradenton, FL 34207
      View Details
    • Contact for pricing
      41,278 SF

      Retail Space in Bradenton Corridor

      Retail space available in busy Bradenton retail corridor.
      4425-4555 14Th St W, Bradenton, FL 34207
      View Details
    • $30 SF/Yr
      14,000 SF

      Retail Space on High-Traffic Highway

      New retail space for lease on a busy highway.
      6812 14Th St W, Bradenton, FL 34207
      View Details
    • $25 SF/Yr

      Retail Space on High-Traffic Corner

      Retail space available on a heavily trafficked corner.
      5234 14Th St W, Bradenton, FL 34207
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6003 14th W St
    Bradenton, FL 34207-4105
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6003 14th W St, Bradenton, FL, 34207
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!