862 62Nd Street CirBradenton, FL 34208

  • Office properties
  • 6,130 SF
For Lease
$27/SF/YR View listing

Property Details for 862 62Nd Street Cir

Year built
2009
Construction
TYPE NOT SPECIFIED
Lot size
6.26 AC
Property size (Sq ft)
6,130 SF
Zone code
GC
Property type
Office properties
Property subtype
Office buildings
APN
11234.0010-9
APU
1123400109

Description

This exceptional 42,612 square foot Class B medical office building, constructed in 2009, presents a unique investment opportunity in Bradenton, Florida. Located at 862 62nd St Cir E, 34208, this property boasts eight single-story buildings situated on a spacious 203,340 square foot lot. Currently, there is 7,000 square feet of vacant space available, ideal for a variety of medical or professional uses. The efficient floor plans allow for flexible configurations, accommodating private offices, open work areas, and reception areas. Units range in size from approximately 1,000 to over 6,000 square feet, catering to businesses of all sizes. The property benefits from a highly visible location, less than a mile from I-75 and conveniently situated off Manatee Avenue, with prominent signage ensuring excellent exposure. Its strategic location provides easy access to Lakewood Ranch, West Bradenton, and the I-75 corridor, connecting businesses to a wider regional market. The property is zoned GC. The APN is 1123400109. This is a multi-tenant property offering a blend of convenience, visibility, and functionality. Don't miss this chance to secure a prime location for your business in a thriving area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,451,645
    6.5%
    $1,339,980
    7%
    $1,244,267
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,150,923
    Geo Method
    $1,119,522
  • Alternative Use

    Use
    Valuation
    Residential
    $1,661,575
    Hospitality
    $1,521,994
    Educational
    $1,266,281
    Medical
    $1,309,830
    Retail
    $1,969,770
862 62Nd Street Cir, Bradenton, Florida

Location Insight

City
Bradenton
County
Manatee
State
Florida
Latitude
27.4917
Longitude
-82.4822
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
$80,037
$2,150,781
$3,529,646
$5,680,427
-
$2,150,781
$3,529,646
$5,680,427

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