Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    406 51St Avenue Plz W Bradenton, FL 34207

    View on Map
    Sponsored
    Picture of Residential land & home lots at 51St Avenue Plz W 406, Bradenton, FL
    For Sale
    $48,500

    Land - BRADENTON, FL

    Lot size:
    0.06 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 10 at 12:06 am

    Property Features for 406 51St Avenue Plz W

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RSMH6
    APN
    5552000001
    Pets allowed
    Cats OK, Dogs OK, Number Limit
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Expense value
    175
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Stephen Aki

    Palm Life Realty (888) 877-4040

    Listing agent Stephen Aki (888) 877-4040 License #3416853

    Listing date Mar 8, 2026

    MLS# TB8484227 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Lot in Bradenton, FL

    This residential lot is located near 5th St, with a bus stop nearby, and is situated four streets from the community pool and clubhouse. The existing structure on the lot can be removed to make way for a new unit or renovated into a home with updated amenities. The property is centrally located between 53rd Ave W and Cortez, providing quick access to shopping and medical facilities. The lot is located in Floridana, a non-age restricted park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton
    County
    Manatee
    State
    Florida
    Longitude
    -82.566441
    Latitude
    27.450353

    Nearby Similar for Sale

    • New
      $475,000
      Pending

      Bradenton Automotive Zoned Property

      High-traffic location ideal for car sales or fleet operations.
      6040 15Th St E, Bradenton, FL 34203
      View Details
    • $849,000
      2,400 SF

      Turnkey Restaurant in Bradenton, FL

      High-visibility restaurant with transferable liquor license in high-traffic area.
      515 27Th St E, Bradenton, FL 34208
      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
    • $176,000
      900 SF

      Updated Office Condo Near Courthouse

      Well-maintained office condo with updates in thriving Bradenton location.
      353 6Th Ave W, Bradenton, FL 34205
      View Details
    • $495,728
      1,500 SF

      Mixed-Use Property in Bradenton, FL

      Multiuse unit with office and warehouse space, easy I-75 access.
      515 27Th St E, Bradenton, FL 34208
      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
    • $250,000
      1,637 SF

      Turnkey Tire Service Business

      Established tire service business for sale in Bradenton, Florida.
      3501 14Th St W, Bradenton, FL 34205
      View Details
    • New
      $120,000
      592 SF

      Office Space in Bradenton, FL

      Office space in a high-traffic area near amenities.
      4012 Cortez Rd Rd W, Bradenton, FL 34210
      View Details
    • $699,000
      2,895 SF

      Mixed-Use Building in Bradenton

      2,895 sq ft commercial building in Bradenton's Sarasota district.
      1834 Tamiami Trl, Bradenton, FL 34205
      View Details
    • $3,600,000
      14,500 SF

      High-Visibility Bradenton Industrial Compound

      2.4-acre industrial property with showroom, warehouse, and income potential.
      2398 63Rd Ave E, Bradenton, FL 34203
      View Details
    • $420,000
      1,483 SF

      Bradenton Duplex on Corner Lot

      Leased duplex on large corner lot near downtown Bradenton.
      1919 12Th Ave W, Bradenton, FL 34205
      View Details
    • $1,450,000
      9,750 SF

      Bradenton Warehouse with High Ceilings

      9,750 sq ft warehouse with high ceilings for sale.
      2005 60Th Pl E, Bradenton, FL 34203
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot with possibilities in a desirable Bradenton location.
    Where is this residential land & home lot located?
    The property is located at 406 51St Avenue Plz W Bradenton, FL.
    What is the asking price?
    The asking price for this property is $48,500.
    What are key features of this property?
    This property features: - Desirable non-age restricted park (Floridana); - Centrally located with quick access to shopping and medical facilities; - Close proximity to community pool and clubhouse
    (888) 877-4040
    Request Owner's contact information
    406 51St Avenue Plz W Bradenton, FL 34207
    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.
    406 51St Avenue Plz W
    Bradenton, FL 34207
    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
    406 51St Avenue Plz W Bradenton, FL 34207
    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

    We can help!
    Listing Contact
    Stephen Aki
    Real Estate License ID: 3416853
    (888) 877-4040 (757) 377-6102
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!