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1001 3Rd Ave W, Bradenton, FL 34205
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Property summary
AI-generated overview
This exceptional Class A office building, the NDC Center, offers 78,765 square feet of prime office space in the heart of Downtown Bradenton, Florida. Built in 1985 and renovated in 2014, this seven-story building boasts a desirable location, directly across from the City Center Parking Garage and the Manatee Chamber of Commerce. The Manatee County Administration Building and Judicial Center are conveniently located just one block away. The property features a total of 206 parking spaces in an attached garage, providing ample parking for tenants and visitors. The building includes two elevators for easy access to all floors. Individual office spaces range from a minimum of 1,902 square feet, with a currently available space of 1,434 to 1,902 square feet. The building sits on 9.6 acres of land and offers stunning views of the Manatee River. The zoning is T5, and the property is situated at 1001 3rd Ave W, Bradenton, FL 34205, in Manatee County. This is a multiple tenancy building, ideal for businesses seeking a prestigious address and convenient access to key government and civic institutions. The building's modern amenities and prime location make it an attractive option for a variety of businesses.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1985
Construction
TYPE NOT SPECIFIED
Total area
81,081 SF
Lot
0.96 ac (41,800 SF)
Zoning code
BR_FBC,BR_T6
APN
32914.0000-4
UPID
US18-2117019
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Accounting Firm Tax Preparation
-
Accounting Firm Tax Preparation
-
Law Firm
-
Law Firm
-
Law Firm
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.73M
Comparable Approach
Comparable
$16.20M
Blend (final)
Blend
$16.50M
Owner & transaction history
since 2003
4 recorded transactions
Zoning & alternative use
BR_FBC,BR_T6 · Bradenton, FL
Top alternative use upside
Retail stores
$24.3M
+46.0%
Apartment house (5+ units)
$23.8M
+43.4%
Commercial (general)
$19.2M
+15.5%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$16.50M
Value range
$14.85M – $18.15M
±10% around blend
Estimated value / SF
$204 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$14.85M
blend $16.50M
$18.15M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
81,081 SF
Lot area
0.96 ac
Year built
1985
Stories
1
APN
32914.0000-4
Zoning
BR_FBC,BR_T6
Assessed value
$10,016,135
Annual tax
$189,000
3
Income approach: direct capitalization
Partial preview
Income approach indication
$21.73M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$23.54M
@ 6.5% CAP return
$21.73M
@ 7% CAP return
$20.18M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$189,000
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$16.20M
Range $9.89M – $23.58M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$16.50M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 65 sales
$205
-1%
Submarket 216 sales
$249
-18%
County 241 sales
$236
-14%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $204/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+46%
vs current-use indication
Apartment House (5+ Units)
Commercial (general)
Auto Repair, Garage
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$698k
Move the market yield to see immediate price impact.
Value / SF
$9
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$44k
$880k
$628k
$489k
$49k
$977k
$698k
$543k
$54k
$1.08M
$768k
$597k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$189,000
Tax year 2023
Assessed value
$10,016,135
Assessed 2023
Previous assessed
$10,016,135
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$724,540
Assessed improvement
$9,291,595
Land market value
$724,540
Improvement market value
$9,291,595
Total market value
$10,016,135
Applied tax rate
21.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1985
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Total area
81,081 SF
Lot
0.96 ac (41,800 SF)
Zoning code
BR_FBC,BR_T6
APN
32914.0000-4
UPID
US18-2117019
Jurisdiction
MANATEE
Zoning & alternative use
BR_FBC,BR_T6 · Bradenton, FLZoning BR_FBC,BR_T6 · permitted uses
BR_FBC,BR_T6 · Bradenton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.96 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BR_FBC,BR_T6
Jurisdiction
Bradenton, FL
Recorded code
BR_FBC,BR_T6
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BR_FBC,BR_T6 in Bradenton, FL.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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