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    Property profile & analytics

    7421 Manatee Ave Bradenton, FL 34209

    • Grocery and convenience stores
    • 25,700 SF
    • 6.04 lot acres
    For Lease
    View listing
    $25 SF/Yr
    Last Sale
    Dec 15, 2020
    $3,444,000
    Value Estimations
    $4,160,000
    Cap Rate Potential
    7.8%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US18-5999531
    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

    • Courtesy Cleaners / (Bike/Boat/Book/etc) Store

    Property Details for 7421 Manatee Ave

    Year built
    1984
    Lot size
    6.04 lot acres
    Property size
    25,700 SF
    Zone code
    BR_SCC
    Property type
    Grocery and convenience stores
    APN
    38994.0050-9
    APU
    3899400509

    Description

    This vibrant 42,131 square foot plaza, built in 1984 and renovated in 2018, offers multiple executive and medical office suites for lease in West Bradenton, Florida. Located at 7421 Manatee Ave W, 34209, the property features seven available spaces ranging from 1,073 to 6,272 contiguous square feet, with a total of 8,259 square feet currently vacant. The plaza benefits from high visibility due to prominent monument signage on Manatee Avenue and convenient access from Village Green Parkway and 75th Street West. Recent improvements and new tenants, including MAXhealth (occupying over 7,000 square feet), Subway, and Edward Jones, have significantly increased foot traffic and revitalized the area. The plaza's strategic location is further enhanced by the proximity of a new medical office building nearing completion at Manatee Memorial Hospital and a newly constructed Wawa gas station. A new Target is also planned for the area across the street, slated to open in 2024, promising even greater future traffic and visibility. The property sits on a 42,131 square foot lot in Manatee County. This presents a unique opportunity to establish a presence in a rapidly growing and highly desirable medical and commercial corridor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,370,000
      ML approach
      $4,325,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,645,000
      6.5%
      $5,210,000
      7%
      $4,835,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $6,025,000
      OFFICE BUILDING
      $4,975,000
      INDUSTRIAL (GENERAL)
      $4,315,000
      AUTO REPAIR, GARAGE
      $4,150,000
      APARTMENT HOUSE (5+ UNITS)
      $2,950,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton
    County
    Manatee
    State
    Florida
    Longitude
    -82.6343
    Latitude
    27.4949
    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
    $66,749
    $1,542,283
    $2,267,333
    $3,809,616
    -
    $1,542,283
    $2,267,333
    $3,809,616

    Comparable in this City

    • Value Estimation by Request
      3,010 SF

      6724 Manatee W Ave

      CONVENIENCE STORE • 3,010 SF
      6724 Manatee W Ave, Bradenton, FL 34209-2249
      View Details
    • Value Estimation by Request
      2,370 SF

      6620 Manatee W Ave

      CONVENIENCE STORE • 2,370 SF
      6620 Manatee W Ave, Bradenton, FL 34209-2327
      View Details
    • Value Estimation
      $515,000
      2,695 SF

      4208 59th W St

      CONVENIENCE STORE • 2,695 SF
      4208 59th W St, Bradenton, FL 34209-6664
      View Details
    • Value Estimation by Request
      1,080 SF

      5302 Manatee W Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 1,080 SF
      5302 Manatee W Ave, Bradenton, FL 34209-3743
      View Details
    • Value Estimation
      $1,195,000
      8,304 SF

      5419 Manatee W Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 8,304 SF
      5419 Manatee W Ave, Bradenton, FL 34209-3746
      View Details
    • Value Estimation
      $1,845,000
      11,200 SF

      5810 Manatee W Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 11,200 SF
      5810 Manatee W Ave, Bradenton, FL 34209-2541
      View Details

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      High Visibility Retail Plaza Available

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    7421 Manatee Ave
    Bradenton, FL 34209
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    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
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