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Property profile & analytics
OFF-MARKET
Estimated value
$26,665,000
Assisted living facilities
1414 69th W Ave Bradenton, FL 34207-5850
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-7672895
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2016
Total area
127,686 SF
Lot
6.6 ac (287,496 SF)
Zoning code
PD-MU
APN
66636.0215-9
UPID
US18-7672895
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
-
Discovery Village At Sarasota Bay Retirement Community
-
Vencie Boatwright Nursing Home Retirement Community
-
Kyla Walsh Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.67M
Owner & transaction history
Britton Sarasota Bay LLC · 5 yrs held
Britton Sarasota Bay LLC
since 2021
Last sale
$25.1M
5 recorded transactions
Zoning & alternative use
PD-MU · Bradenton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$29.9M
+579.8%
Apartment house (5+ units)
$24.1M
+446.6%
Office building
$24.1M
+446.4%
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
$29,835,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$29,935,000
Change: +580% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$24,075,000
Change: +447% · Conversion: Difficult
OFFICE BUILDING
$24,065,000
Change: +446% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$21,425,000
Change: +387% · Conversion: Difficult
AUTO REPAIR, GARAGE
$18,555,000
Change: +321% · Conversion: Difficult
Blend value · Realmo final
$26.67M
Range $24.00M – $29.33M · ±10% · vs last sale $25.08M (May 19 2021)
Last sale anchor
$25.08M
May 19 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
$209 / 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
$287,357
Tax year 2023
Assessed value
$19,103,894
Assessed 2023
Previous assessed
$16,215,123
+17.8% YoY
Effective rate
1.50%
On assessed value
Assessed land
$2,142,000
Assessed improvement
$16,961,894
Land market value
$2,142,000
Improvement market value
$16,961,894
Total market value
$19,103,894
Applied tax rate
302.0000
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
2016
Heating
NONE
Stories
1
Units
126
Total area
127,686 SF
Lot
6.6 ac (287,496 SF)
Zoning code
PD-MU
APN
66636.0215-9
UPID
US18-7672895
Jurisdiction
MANATEE
Zoning & alternative use
PD-MU · Bradenton, FLZoning PD-MU · permitted uses
PD-MU · Bradenton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$29.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$24.1M
OFFICE BUILDING
Est. value
$24.1M
INDUSTRIAL (GENERAL)
Est. value
$21.4M
AUTO REPAIR, GARAGE
Est. value
$18.6M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2016
Heating
NONE
Stories
1
Units
126
Lot
6.6 ac
Current owner
From public records · entity-resolved
Britton Sarasota Bay LLC
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2026
—
Britton Sarasota Bay LLC
—
Deed
related
$235,000,000 · Mam Collateral Agent LLC
May 19, 2021
$25,079,900
Britton Sarasota Bay LLC
Hcp Dsl Propco Sarasota Bay LLC
Special Warranty Deed
$249,000,000 · Column Financial INC
Apr 2, 2019
$24,000,000
Hcp Dsl Propco Sarasota Bay
Sarasota Senior Hsng I Propco
Grant Deed
—
Jul 25, 2016
$35,000,000
Sarasota Senior Housing I Propco Ll
Discovery Village At Sarasota Bay L
Special Warranty Deed
—
Dec 6, 2013
$2,400,000
Discovery Village Of Sarasota Bay
Gulfside Homes-bowlees Creek L
Warranty 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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