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Property profile & analytics
OFF-MARKET
Estimated value
$15,150,000
Assisted living facilities
105 15th E St, Bradenton, FL 34208-1337
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-5165311
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1950
Construction
TYPE NOT SPECIFIED
Total area
73,112 SF
Lot
3.88 ac (169,143 SF)
Zoning code
BR_FBC,BR_T4-O
APN
12528.0005-5
UPID
US18-5165311
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
-
Bay Vue Nursing & Rehab Center Nursing Home Rehabilitation Center
-
Aspire at Bradenton Rehabilitation Center Nursing Home
-
Quality Care Rehab Physician
-
Residence at Bay Vue Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.15M
Owner & transaction history
105 15th St E Fl Owner LLC · 2 yrs held
105 15th St E Fl Owner LLC
since 2023
Last sale
$18.0M
5 recorded transactions
Zoning & alternative use
BR_FBC,BR_T4-O · Bradenton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.6M
+599.7%
Industrial (general)
$15.8M
+528.1%
Office building
$13.4M
+433.2%
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
$14,770,000
ML approach
$9,830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$17,645,000
Change: +600% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$15,840,000
Change: +528% · Conversion: Difficult
OFFICE BUILDING
$13,445,000
Change: +433% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,815,000
Change: +329% · Conversion: Difficult
Blend value · Realmo final
$15.15M
Range $13.64M – $16.67M · ±10% · vs last sale $18.00M (Nov 6 2023)
Last sale anchor
$18.00M
Nov 6 2023
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
$207 / 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
$144,962
Tax year 2023
Assessed value
$7,690,850
Assessed 2023
Previous assessed
$7,512,262
+2.4% YoY
Effective rate
1.88%
On assessed value
Assessed land
$2,581,726
Assessed improvement
$5,109,124
Land market value
$2,581,726
Improvement market value
$5,109,124
Total market value
$7,690,850
Applied tax rate
21.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1950
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
73,112 SF
Lot
3.88 ac (169,143 SF)
Zoning code
BR_FBC,BR_T4-O
APN
12528.0005-5
UPID
US18-5165311
Jurisdiction
MANATEE
Zoning & alternative use
BR_FBC,BR_T4-O · Bradenton, FL
Zoning BR_FBC,BR_T4-O · permitted uses
BR_FBC,BR_T4-O · 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
RESTAURANT
Est. value
$17.6M
INDUSTRIAL (GENERAL)
Est. value
$15.8M
OFFICE BUILDING
Est. value
$13.4M
AUTO REPAIR, GARAGE
Est. value
$10.8M
RESTAURANT
INDUSTRIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1950
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
3.88 ac
Current owner
From public records · entity-resolved
105 15th St E Fl Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
885 3RD AVE FL #29, NEW YORK, NY 10022-4834
Ownership since
2023
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
Nov 6, 2023
$18,000,000
105 15th St E Fl Owner LLC
Riverfront Property Acquisition I L
Special Warranty Deed
—
Oct 30, 2023
—
Riverfront Property Acquisition I L
—
Deed
related
$1,162,215 · Prime Inv LLC
Jun 6, 2019
—
Riverfront Prop Acquisition I
—
Grant Deed
related
$13,665,640 · Metropolitan Com'l Bk
Jun 18, 2015
$6,202,500
Manatee River Real Prop LLC
Advocare Of Bradenton LLC
Grant Deed
$11,880,000 · Fc Lending-15th Street LLC
Jun 4, 2015
$2,285,200
Advocare Charitable Remaind Trust
Advocare Of Bradenton LLC
Grant Deed
—
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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