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Property profile & analytics
OFF-MARKET
Estimated value
$3,940,000
Flex space
1512 38th E Ave Bradenton, FL 34208-4652
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-4323300
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1974
Construction
CONCRETE
Total area
20,130 SF
Lot
32.93 ac (1,434,431 SF)
Zoning code
HM
APN
16195.0005-9
UPID
US18-4323300
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
-
Pierce Manufacturing Inc Industrial Manufacturer Production Facility
-
Medtec Ambulance Corporation Medical Supply Store Emergency Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.61M
Comparable Approach
Comparable
$4.65M
Blend (final)
Blend
$3.94M
Owner & transaction history
OSHKOSH CORPORATION
OSHKOSH CORPORATION
Zoning & alternative use
HM · Bradenton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.0M
+104.2%
Auto repair, garage
$6.0M
+103.4%
Apartment house (5+ units)
$5.9M
+100.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,820,000
6.5%
$2,605,000
7%
$2,420,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,950,000
Current use
RETAIL STORES
$6,025,000
Change: +104% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,005,000
Change: +103% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,915,000
Change: +100% · Conversion: Difficult
OFFICE BUILDING
$5,285,000
Change: +79% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,765,000
Change: +61% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,755,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$3.94M
Range $3.55M – $4.33M · ±10%
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
$196 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$227,053
Tax year 2022
Assessed value
$12,049,274
Assessed 2023
Previous assessed
$12,049,274
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$3,154,416
Assessed improvement
$8,894,858
Land market value
$3,154,416
Improvement market value
$8,894,858
Total market value
$12,049,274
Applied tax rate
303.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1974
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
10
Stories
1
Units
1
Total area
20,130 SF
Lot
32.93 ac (1,434,431 SF)
Zoning code
HM
APN
16195.0005-9
UPID
US18-4323300
Jurisdiction
MANATEE
Zoning & alternative use
HM · Bradenton, FL
Zoning HM · permitted uses
HM · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.0M
RETAIL STORES
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$6.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.9M
OFFICE BUILDING
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$4.8M
WAREHOUSE, STORAGE
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1974
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
10
Units
1
Lot
32.93 ac
Current owner
From public records · entity-resolved
OSHKOSH CORPORATION
Individual
Free & Clear · 0 yrs held
Mailing address
1512 38TH AVE E, BRADENTON, FL 34208-4652
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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