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Property profile & analytics
OFF-MARKET
Estimated value
$79,915,000
Apartment buildings
1205 2nd E Ave Bradenton, FL 34208-1398
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-7450411
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2021
Total area
132,576 SF
Lot
7.8 ac (339,855 SF)
Zoning code
BR_FBC,BR_T4-O
APN
31915.0005-9
UPID
US18-7450411
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
-
Shoreview Apartment Complex
-
SOS REPAIR AND SERVICE Home Appliance Store
-
The Hat Theater Collective Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$86.83M
Blend (final)
Blend
$79.92M
Owner & transaction history
Shoreview Holding LLC · 4 yrs held
Shoreview Holding LLC
since 2021
Last sale
$73.0M
7 recorded transactions
Zoning & alternative use
BR_FBC,BR_T4-O · Bradenton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$114.7M
+194.4%
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
$86,835,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$114,705,000
Change: +194% · Conversion: Difficult
Blend value · Realmo final
$79.92M
Range $71.92M – $87.91M · ±10% · vs last sale $73.00M (Dec 16 2021)
Last sale anchor
$73.00M
Dec 16 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
$603 / 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
$1,124,784
Tax year 2023
Assessed value
$59,608,254
Assessed 2023
Previous assessed
$54,611,670
+9.1% YoY
Effective rate
1.89%
On assessed value
Assessed land
$5,140,800
Assessed improvement
$54,467,454
Land market value
$5,140,800
Improvement market value
$54,467,454
Total market value
$59,608,254
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2021
Heating
NONE
Cooling
YES
Buildings
5
Stories
4
Units
216
Rooms
2
Bathrooms
1
Total area
132,576 SF
Lot
7.8 ac (339,855 SF)
Zoning code
BR_FBC,BR_T4-O
APN
31915.0005-9
UPID
US18-7450411
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
$114.7M
RESTAURANT
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
2021
Heating
NONE
Cooling
Yes
Stories
4
Buildings
5
Units
216
Rooms
2
Bathrooms
1
Lot
7.8 ac
Current owner
From public records · entity-resolved
Shoreview Holding LLC
Entity
Mailing address
1570 INDIAN CRK RD, MARION, IA 52302-5522
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2021
$73,000,000
Shoreview Holding LLC
Riverchase Bradenton Fl LLC
Special Warranty Deed
$51,100,000 · Prime Finance Short Duration Holdin
May 11, 2018
$1,050,000
Manatee Rwb LLC
Bradenton Land Group LLC
Grant Deed
—
May 11, 2018
—
Manatee Rwb LLC
Bradenton Land Group LLC
Quit Claim Deed
related
—
Feb 27, 2018
$1,000,000
Manatee Rwb LLC
Oreo Farm Two LLC
Grant Deed
—
Feb 27, 2018
—
Manatee Rwb LLC
Oreo Farm Two LLC
Quit Claim Deed
related
—
Jul 14, 2016
—
City Of Bradenton
Oreo Farm Two LLC
Grant Deed
related
—
Jan 28, 2009
—
Atc Realty Sixteen INC
Riviera Southshore Ventures
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Sep 6, 2005
$1,330,000
Riviera Southshore Ventures Ll
Vincent M Arrigo
Warranty Deed
$1,423,100 · Wells Fargo Bk
Sep 10, 2004
—
Arrigo,vincent M
Vincent M Arrigo
Quit Claim Deed
related
—
May 16, 2003
$650,000
Vincent M Arrigo
Brown,robert T & Debra E
Grant Deed
$455,000 · Countrywide Home Loans INC
Jul 16, 1997
$251,300
Robert T Brown
Weisberg,patricia M
Grant Deed
$251,250 · Equicredit Corp
—
—
Robert T Brown
—
Deed Of Trust
related
$291,450 · American General Home Equity
—
—
Robert Brown
—
Deed Of Trust
related
$50,000 · Brasota Mortgage Co INC
—
—
Robert T Brown
—
Deed Of Trust
related
$320,000 · Ameriquest Mortgage Corp
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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