Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1515 Florida Blvd Bradenton, FL 34207-5855

    • Flex space
    • 4,600 SF
    • 0.47 lot acres
    OFF-MARKET
    Last Sale
    Apr 26, 2023
    $170,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2755080
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Flex space

    Property Details for 1515 Florida Blvd

    Year built
    1957
    Construction
    CONCRETE
    Lot size
    0.47 lot acres
    Property size
    4,600 SF
    Zone code
    HC
    Property type
    Flex space
    APN
    65041.0000-6
    APU
    6504100006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton
    County
    Manatee
    State
    Florida
    Longitude
    -82.5773
    Latitude
    27.423
    CBSA code
    35840
    CBSA name
    NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,596
    $120,369
    $198,865
    $319,234
    -
    $120,369
    $198,865
    $319,234

    Comparable in this City

    • Value Estimation
      $1,090,000
      10,160 SF

      4525 30th W St

      LIGHT INDUSTRIAL • 10,160 SF
      4525 30th W St, Bradenton, FL 34207-1061
      View Details
    • Value Estimation
      $1,300,000
      12,112 SF

      4504 28th W St

      LIGHT INDUSTRIAL • 12,112 SF
      4504 28th W St, Bradenton, FL 34207-1109
      View Details
    • Value Estimation by Request

      4414 28th St

      20,640 SF of Industrial Space Available in Bradenton, FL 34207
      4414 28th St, Bradenton, FL 34207, Bradenton, FL 34207
      View Details
    • Value Estimation
      $3,960,000
      1,340 SF

      5210 14th W St

      STORAGE YARD (JUNK, SALVAGE) • 1,340 SF
      5210 14th W St, Bradenton, FL 34207-2845
      View Details
    • Value Estimation
      $6,780,000
      1,434 SF

      2615 Cortez W Rd

      STORAGE YARD (JUNK, SALVAGE) • 1,434 SF
      2615 Cortez W Rd, Bradenton, FL 34207-1162
      View Details
    • Value Estimation
      $710,000
      6,891 SF

      211 63rd W Ave

      STORAGE YARD (JUNK, SALVAGE) • 6,891 SF
      211 63rd W Ave, Bradenton, FL 34207-4903
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,000 SF

      Prime Bradenton Commercial Property

      Vacant Bank Building, High Traffic Area
      410 Cortez Rd, Bradenton, FL 34207
      View Details
    • $230,000
      1,520 SF

      Bradenton Office Space Available

      Versatile office space in a prime Bradenton location.
      4810 26Th St W, Bradenton, FL 34207
      View Details
    • $589,900
      1,875 SF

      Updated Commercial Duplex Ready

      Prime office condo investment opportunity in a high-traffic area.
      4426 5Th Street Cir, Bradenton, FL 34207
      View Details
    • $188,000

      Bradenton Multifamily Property For Sale

      Multifamily property available for purchase in Bradenton, Florida.
      5402 Chateau Ln, Bradenton, FL 34207
      View Details
    • $3,300,000

      Bradenton Redevelopment Opportunity on US-41

      2.91-acre site with 6,138 SF building on high-traffic corridor.
      5827 W 14Th St, Bradenton, FL 34207
      View Details
    • $64,000
      0.06 Acres

      Vacant Lot in 55+ Community

      Vacant lot in a vibrant 55+ waterfront community.
      6509 New Jersey St, Bradenton, FL 34207
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      106,000 SF

      Class A Industrial Space Available

      Class A industrial space for lease in master-planned park.
      4407 24Th St E, Bradenton, FL 34207
      View Details
    • $16 SF/Yr
      12,800 SF

      Warehouse Space with Office Area

      12,800 SF warehouse with 2,300 SF office space.
      4414 28Th St W, Bradenton, FL 34207
      View Details
    • $6,250 /Mo
      5,000 SF

      Bradenton Warehouse with Ample Parking

      5,000 SF warehouse with parking, available Q3 2023.
      6412 14Th St W, Bradenton, FL 34207
      View Details
    • Contact for pricing
      3,575 SF

      Bradenton Office Space For Lease

      Prime location, 3,575 SF, build-to-suit
      6208 14Th St, Bradenton, FL 34207
      View Details
    • $25 SF/Yr
      5,559 SF

      Prime Commercial Space in Bradenton

      2,500 SF space ideal for medical, retail, or office.
      1905 Cortez Rd W, Bradenton, FL 34207
      View Details
    • Contact for pricing
      2,600 SF

      Retail Space in Publix-Anchored Center

      Retail space available in a high-traffic shopping center.
      6086-6100 14Th St W, Bradenton, FL 34207
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1515 Florida Blvd
    Bradenton, FL 34207-5855
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.