Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    6224 31St St East Bradenton, FL 34203

    • Flex space
    • 16,871 SF
    For Lease
    View listing
    $16 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3461724
    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.

    Current Use by Public Records

    • Car Clinic Auto repair / Car Inspection Station / Car Repair And Maintenance Service
    • K & J Drapery Cleaners / Carpet Cleaning Service / Air Duct Cleaning Service
    • Golden Key Automotive LLC / Used Car Dealer
    • Sears Carpet Cleaning & Air Duct Cleaning / Air Duct Cleaning Service / Carpet Cleaning Service
    • Florida Speed & Power / Auto Tune Up Service

    Property Details for 6224 31St St East

    Property size
    16,871 SF
    Property type
    Flex space

    Description

    This exceptional investment opportunity presents a well-maintained, multi-tenant industrial flex property located at 6224 31st Street East in Bradenton, Florida, 34203. The property, situated conveniently off US-301, offers a total of 16,871 square feet of building space on a 1.04-acre lot (45,351 square feet). The building comprises nine fully leased units, each featuring approximately 1,800 square feet of versatile warehouse space, complemented by roughly 90 square feet of office space and a convenient roll-up door. Recent upgrades include brand-new impact glass windows and front doors, enhancing both security and durability. The property boasts a significant 295-foot frontage along 31st Street and provides ample parking with 40 dedicated spaces. The asking price is $2,995,000, translating to $177.52 per square foot. This property represents a strong income-producing asset with significant potential for future growth, given its prime location and desirable features. The property's multi-tenant structure offers diversification and stability, making it an attractive investment for discerning buyers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton
    County
    Manatee
    State
    Florida
    Longitude
    -82.525329
    Latitude
    27.4296778

    Comparable in this City

    • $1,295,000
      5,000 SF

      Office/Warehouse Facility with Fenced Parking

      5,000 SF office/warehouse with fenced parking in Bradenton, FL.
      2208 58Th Avenue Cir East, Bradenton, FL 34203
      View Details
    • $575,000
      2,502 SF

      Turnkey Dealership on High-Traffic Street

      Automotive-zoned property ideal for car sales or fleet operations.
      6040 15Th St E, Bradenton, FL 34203
      View Details
    • $3,600,000
      14,500 SF

      Prime Industrial Property with Exposure

      Upgraded warehouses on 2.4 acres with excellent street exposure.
      2398 63Rd Ave E, Bradenton, FL 34203
      View Details
    • $8,000,000

      Self-Storage Facility in Manatee County

      Self-storage facility with 265 units and 16 parking spaces.
      5550 15Th St E, Bradenton, FL 34203
      View Details
    • $2,999,000
      5.86 Acres

      Manatee County Industrial Land

      5.86 Acres, HM Zoned, Bradenton
      5910 17Th St, Bradenton, FL 34203
      View Details
    • $1,550,000
      9,750 SF

      Bradenton Warehouse with High Ceilings

      9750 sq ft warehouse with 22' ceilings for sale.
      2005 60Th Pl E, Bradenton, FL 34203
      View Details

    Similar Nearby for Sale

    • $1,295,000
      5,000 SF

      Office/Warehouse Facility with Fenced Parking

      5,000 SF office/warehouse with fenced parking in Bradenton, FL.
      2208 58Th Avenue Cir East, Bradenton, FL 34203
      View Details
    • $575,000
      2,502 SF

      Turnkey Dealership on High-Traffic Street

      Automotive-zoned property ideal for car sales or fleet operations.
      6040 15Th St E, Bradenton, FL 34203
      View Details
    • $3,600,000
      14,500 SF

      Prime Industrial Property with Exposure

      Upgraded warehouses on 2.4 acres with excellent street exposure.
      2398 63Rd Ave E, Bradenton, FL 34203
      View Details
    • $8,000,000

      Self-Storage Facility in Manatee County

      Self-storage facility with 265 units and 16 parking spaces.
      5550 15Th St E, Bradenton, FL 34203
      View Details
    • $2,999,000
      5.86 Acres

      Manatee County Industrial Land

      5.86 Acres, HM Zoned, Bradenton
      5910 17Th St, Bradenton, FL 34203
      View Details
    • $1,550,000
      9,750 SF

      Bradenton Warehouse with High Ceilings

      9750 sq ft warehouse with 22' ceilings for sale.
      2005 60Th Pl E, Bradenton, FL 34203
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      9,750 SF

      Air-Conditioned Office/Warehouse Space Available

      9,750 SF office/warehouse with paved parking in Bradenton, FL.
      2077 58Th Avenue Cir East, Bradenton, FL 34203
      View Details
    • $15 SF/Yr
      3,500 SF

      Bradenton Flex Space For Lease

      3,500 SF flex space with office and warehouse.
      3230 59Th Dr East, Bradenton, FL 34203
      View Details
    • $15 SF/Yr
      1,725 SF

      Adaptable Space in Cygnet Center

      Versatile space suitable for industrial, office, warehouse, or retail.
      2119 63Rd Ave East, Bradenton, FL 34203
      View Details
    • Contact for pricing
      188,452 SF

      4505 24Th St

      Manufacturing properties • 188,452 SF
      4505 24Th St, Bradenton, FL 34203
      View Details
    • $13 SF/Yr
      9,750 SF

      Bradenton Warehouse Space Available

      9,750 square foot warehouse space for lease in Bradenton.
      1825 60Th Pl East, Bradenton, FL 34203
      View Details
    • $16 SF/Yr
      1,874 SF

      Office-Warehouse Space Near US-301

      2,669 SF office-warehouse for lease near US-301.
      6224 31St St East, Bradenton, FL 34203
      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.
    6224 31St St East
    Bradenton, FL 34203
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.