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Property profile & analytics
OFF-MARKET
Estimated value
$1,675,000
Garden apartment buildings
1503 9th W Ave 1 Bradenton, FL 34205-6654
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-8512657
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1922
Construction
WOOD
Total area
4,346 SF
Lot
0.63 ac (27,600 SF)
Zoning code
BR_FBC,BR_T4-O
APN
43775.0005-9
UPID
US18-8512657
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.68M
Owner & transaction history
1503 Opportunity Fund LLC · 1 yrs held
1503 Opportunity Fund LLC
since 2024
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
BR_FBC,BR_T4-O · Bradenton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+1.8%
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
$1,675,000
ML approach
$1,675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,275,000
Current use
RETAIL STORES
$1,300,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,030,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$1.68M
Range $1.51M – $1.84M · ±10% · vs last sale $1.68M (Jul 31 2024)
Last sale anchor
$1.68M
Jul 31 2024
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
$385 / 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
$21,738
Tax year 2023
Assessed value
$1,152,000
Assessed 2023
Previous assessed
$1,152,000
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$183,600
Assessed improvement
$968,400
Land market value
$183,600
Improvement market value
$968,400
Total market value
$1,152,000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1922
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
3
Stories
2
Units
18
Rooms
7
Bathrooms
9
Total area
4,346 SF
Lot
0.63 ac (27,600 SF)
Zoning code
BR_FBC,BR_T4-O
APN
43775.0005-9
UPID
US18-8512657
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
COMMERCIAL (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
1922
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Units
18
Rooms
7
Bathrooms
9
Lot
0.63 ac
Current owner
From public records · entity-resolved
1503 Opportunity Fund LLC
Entity
Mailing address
5959 MSN GORGE RD STE #206, SAN DIEGO, CA 92120-4019
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2024
$1,675,000
1503 Opportunity Fund LLC
Ajx Revilo I LLC
Warranty Deed
$1,005,000 · Dfcu Financial
Jan 4, 2023
$1,450,000
Ajx Revilo I LLC
Pinellas Equities LLC
Special Warranty Deed
$1,305,000 · Anchor Nationwide Loans LLC
Dec 21, 2022
$1,415,000
Pinellas Equities LLC
Reid Real Estate Solutions LLC
Warranty Deed
—
Dec 21, 2022
$1,200,000
Reid Real Estate Solutions LLC
Burkes Auto Body LLC
Warranty Deed
—
Aug 26, 2011
$100
K Rich Holdings LLC
Your Best Choice INC & Cap Pro
Trustees Deed
related
—
Sep 13, 2005
$785,000
Your Best Choice INC
Arida,marco A
Warranty Deed
$450,000 · Marco A Arida
Oct 10, 2003
$360,000
Marco A Arida
Pegasus Property Investment Gr
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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