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    1520 Lakewood Rnch Blvd Bradenton, FL 34211-4915
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    Property profile & analytics

    1520 Lakewood Rnch Blvd, Bradenton, FL 34211-4915

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    • Drug stores
    • 14,681 SF
    • 3.03 lot acres
    Off-Market
    Property ID
    US18-3435668
    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.
    Value Estimations
    $2,735,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CVS Photo / (Bike/Boat/Book/etc) Store
    • CVS / Pharmacy
    • CVS Pharmacy / Pharmacy
    • CDReload - Online Bitcoin ATM / Crypto Atm / Atm
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 1520 Lakewood Rnch Blvd

    Year built
    2005
    Lot size
    3.03 lot acres
    Zone code
    PD-C
    Property type
    Drug stores
    APN
    5656.0005-9
    APU
    565600059

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 23, 2005 — State Of Florida Dept & Transportat Manatee County Grant Deed —
    May 12, 2005 $5,011,000 Backeast LLC Sembler Edp Ptshp 21 Ltd Grant Deed $3.7M · Bear Stearns Com'l Mtg
    Nov 18, 2004 — County Of Manatee Sembler Edp Ptshp 21 Ltd Warranty Deed · related —
    Jan 14, 2004 $1,750,000 Sembler E D P Partnership #21 Moores Dairy Farm INC Grant Deed —
    — — Backeast LLC — Loan Modification · related $2.8M · First Manatee Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,010,000
      6.5%
      $2,780,000
      7%
      $2,580,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,715,000
      Market price range: $358k - $2.10M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,395,000
      Current use
      AUTO REPAIR, GARAGE
      $4,380,000
      Change: -0% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $4,315,000
      Change: -2% Conversion: Difficult
      OFFICE BUILDING
      $3,665,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton
    County
    Manatee
    State
    Florida
    Longitude
    -82.4348
    Latitude
    27.4848
    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
    $48,270
    $1,457,843
    $1,730,874
    $3,188,717
    -
    $1,457,843
    $1,730,874
    $3,188,717

    Comparable in this City

    • Value Estimation
      $2,565,000
      13,609 SF

      6005 Lakewood Rnch Blvd

      DRUG STORE, PHARMACY
      6005 Lakewood Rnch Blvd, Bradenton, FL 34211
      View Details
    • Value Estimation
      $2,120,000
      16,960 SF

      10415 Portal Xing

      CONVENIENCE STORE
      10415 Portal Xing, Bradenton, FL 34211-5013
      View Details
    • Value Estimation
      $2,380,000
      9,100 SF

      4234 Solutions Ln

      GROCERY, SUPERMARKET
      4234 Solutions Ln, Bradenton, FL 34211-4931
      View Details
    • Value Estimation
      $600,000
      4,949 SF

      6020 Lakewood Rnch Blvd

      FINANCIAL BUILDING
      6020 Lakewood Rnch Blvd, Bradenton, FL 34211-2113
      View Details
    • Value Estimation
      $895,000
      15,960 SF

      2025 Lakewood Rnch Blvd Ste, Unit 101

      FINANCIAL BUILDING
      2025 Lakewood Rnch Blvd Ste, Bradenton, FL 34211-4946
      View Details
    • Value Estimation by Request
      3,625 SF

      1815 Lakewood Rnch Blvd

      FINANCIAL BUILDING
      1815 Lakewood Rnch Blvd, Bradenton, FL 34211-4901
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,820 SF

      Modern Auto Service Facility

      New construction auto service facility with long-term NNN lease.
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      Lakewood Ranch Development Opportunity

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      Lakewood Ranch Development Opportunity

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      Mixed-Use Property For Sale

      Under construction mixed-use property with commercial zoning, completion May 2025.
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    • $800,000
      4.96 Acres

      Manicured Land with Fruit Trees

      Pristine 5-acre property with diverse fruit trees and utilities.
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      Lakewood Ranch Development Site

      5.7 acres of commercial land with frontage on SR-64.
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    Similar Nearby for Lease

    • Contact for pricing

      Lakewood Ranch Storefront Opportunity

      Storefront or office space in a busy, anchored plaza.
      1853 Lakewood Ranch Blvd, Bradenton, FL 34211
      View Details
    • $49 SF/Yr
      8,640 SF

      Restaurant Space in Lakewood Ranch

      Restaurant space in a busy plaza in Lakewood Ranch, Florida.
      2507 Lakewood Ranch Blvd, Bradenton, FL 34211
      View Details
    • Contact for pricing
      1,800 SF

      Bradenton Flex/Industrial Space Available

      Flex/Industrial space available for lease in Bradenton, Florida.
      5103 Lena Rd, Bradenton, FL 34211
      View Details
    • Contact for pricing

      Industrial Warehouse for Lease

      Warehouse space available for lease at 3205 81st Ct E in Bradenton.
      3205 81St Ct E, Bradenton, FL 34211
      View Details
    • $21,000
      200,000 SF

      Commercial Land Near Shopping

      Commercial land for rent, conveniently located near shopping.
      6012 Lorraine Rd, Bradenton, FL 34211
      View Details
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    Bradenton, FL 34211-4915
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    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.

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    1520 Lakewood Rnch Blvd, Bradenton, FL, 34211
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