New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Parking lots & garages
120 Brg St, Bradenton Beach, FL 34217-2416
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3199786
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.17 ac (7,200 SF)
Zoning code
BB_C-2
APN
77350.0000-7
UPID
US18-3199786
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
-
Drift In of Manatee County County Government Office
-
Drift-In AMI Bar & Pub Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.30M
Owner & transaction history
1715 Ventures LLC · 5 yrs held
1715 Ventures LLC
since 2021
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
BB_C-2 · Bradenton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bradenton Beach 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
$1,360,000
ML approach
$1,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±10% · vs last sale $1.20M (Mar 1 2021)
Last sale anchor
$1.20M
Mar 1 2021
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
—
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
$7,030
Tax year 2023
Assessed value
$495,084
Assessed 2023
Previous assessed
$301,460
+64.2% YoY
Effective rate
1.42%
On assessed value
Assessed land
$485,180
Assessed improvement
$9,904
Land market value
$485,180
Improvement market value
$9,904
Total market value
$495,084
Applied tax rate
25.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Stories
1
Units
1
Lot
0.17 ac (7,200 SF)
Zoning code
BB_C-2
APN
77350.0000-7
UPID
US18-3199786
Jurisdiction
MANATEE
Zoning & alternative use
BB_C-2 · Bradenton Beach, FL
Zoning BB_C-2 · permitted uses
BB_C-2 · Bradenton Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bradenton Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Stories
1
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
1715 Ventures LLC
Entity
Mailing address
2328 MANATEE AVE W, BRADENTON, FL 34205-4957
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2021
$1,200,000
1715 Ventures LLC
Grant M Thormeier
Warranty Deed
$7,687 · Grant M Thormeier Etal
Nov 9, 2020
—
Grant M Thormeier
Grant M Thormeier
Quit Claim Deed
related
—
May 9, 2005
—
Evelyn J Sherrick
Owner,record
Grant Deed
related
—
Feb 15, 2005
—
Grant M Thormeier
Sherrick,evelyn J
Warranty Deed
related
—
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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