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Property profile & analytics
OFF-MARKET
Estimated value
$9,170,000
Distribution centers
1010 53rd E Ave Bradenton, FL 34203-4804
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4520856
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1998
Total area
61,218 SF
Lot
8.23 ac (358,542 SF)
Zoning code
PD-C,RVP
APN
57415.0000-2
UPID
US18-4520856
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cardtronics ATM Atm
-
CDReload - Online Bitcoin ATM Atm Crypto Atm
-
Winn-Dixie Pharmacy Pharmacy
-
Primo Water Refill & Exchange Big Box & Wholesale Store
-
Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.55M
CAP Approach
CAP
$9.62M
Comparable Approach
Comparable
$9.90M
Blend (final)
Blend
$9.17M
Owner & transaction history
Gerson Wd Bradenton LLC · 4 yrs held
Gerson Wd Bradenton LLC
since 2022
Last sale
$8.9M
5 recorded transactions
Zoning & alternative use
PD-C,RVP · Bradenton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$15.3M
+82.4%
Commercial (general)
$14.5M
+73.0%
Industrial (general)
$8.4M
+0.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bradenton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bradenton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$7,195,000
ML approach
$8,545,000
CAP Approach
CAP Return
Estimation
6%
$10,425,000
6.5%
$9,620,000
7%
$8,935,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,375,000
Current use
OFFICE BUILDING
$15,275,000
Change: +82% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,490,000
Change: +73% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,410,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$9.17M
Range $8.25M – $10.09M · ±10% · vs last sale $8.89M (May 20 2022)
Last sale anchor
$8.89M
May 20 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$150 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$102,945
Tax year 2023
Assessed value
$6,300,011
Assessed 2023
Previous assessed
$6,242,111
+0.9% YoY
Effective rate
1.63%
On assessed value
Assessed land
$1,287,087
Assessed improvement
$5,012,924
Land market value
$1,287,087
Improvement market value
$5,012,924
Total market value
$6,300,011
Applied tax rate
303.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1998
Heating
YES
Cooling
CENTRAL
Stories
1
Units
1
Total area
61,218 SF
Lot
8.23 ac (358,542 SF)
Zoning code
PD-C,RVP
APN
57415.0000-2
UPID
US18-4520856
Jurisdiction
MANATEE
Zoning & alternative use
PD-C,RVP · Bradenton, FL
Zoning PD-C,RVP · permitted uses
PD-C,RVP · Bradenton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bradenton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.4M
OFFICE BUILDING
Est. value
$15.3M
COMMERCIAL (GENERAL)
Est. value
$14.5M
INDUSTRIAL (GENERAL)
Est. value
$8.4M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
8.23 ac
Current owner
From public records · entity-resolved
Gerson Wd Bradenton LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1450 S LONE ELM RD, OLATHE, KS 66061-7256
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2022
$8,894,600
Gerson Wd Bradenton LLC
Acv Watkins Portfolio I LLC
Special Warranty Deed
—
Sep 20, 2018
$1,527,614
Acv Watkins Portfolio I LLC
Watkins Investments LP
Grant Deed
related
—
Sep 17, 2018
—
Acv Watkins Portfolio I LLC
Watkins Investments LP
Quit Claim Deed
related
—
Sep 17, 2018
$1,500,100
Acv Watkins Portfolio I LLC
Watkins Investments LP
Grant Deed
related
$30,941,337 · Miscellaneous Ins Co
Dec 11, 1998
$6,018,700
Investments LP Walkins
Wdo Venture LP
Grant Deed
$4,800,000 · State Farm Life Insurance Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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