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    Property profile & analytics

    1623 53Rd Ave Bradenton, FL 34203

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5133841
    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

    • Ramos Emergency Heating Repair / Air Conditioning System Supplier

    Property Details for 1623 53Rd Ave

    Property type
    Commercial real estate

    Description

    This exceptional 7-acre property in Bradenton, Florida, presents a unique investment opportunity. Located at 1623 53rd Ave E, Bradenton, FL 34203 (Manatee County), this vacant land is zoned GC and RMF-6, offering significant development potential. The asking price is $2,290,000. The property includes two parcels: parcel ID 1660200005 (currently zoned GC - General Commercial) and parcel ID 1660000059 (currently zoned RSF-6). The owner is actively pursuing rezoning to RMF-6 (Residential Multi-Family) for the entire almost 7-acre site. An additional building at 1721 53rd Ave E Bradenton (0.7691 acres) is included in the sale. While the owner currently uses this building for their business, there are no rental records available. This prime location offers exceptional potential for residential multi-family development, capitalizing on the strong demand in the Bradenton real estate market. The property's size and zoning flexibility make it an attractive proposition for developers seeking a substantial land acquisition in a desirable area. Serious inquiries are encouraged.

    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
    -82.5439634
    Latitude
    27.4480665

    Comparable in this City

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      Bradenton Multifamily Property for Sale

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      Bradenton Apartment Building For Sale

      Apartment building for sale in Bradenton, Florida.
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    • $420,000

      Bradenton Duplex: Income-Producing Investment

      Turnkey duplex in Bradenton, fully rented with long-term tenants.
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    Similar Nearby for Sale

    • $449,000
      1.70 Acres

      Prime 1.7-Acre Bradenton Land

      Residential lot, RSF-2 zoning, motivated seller.
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    • $90,000

      Spacious Unit in Active Community

      Three-bedroom unit in a vibrant, pet-friendly Bradenton community.
      5316 53Rd Ave E A43, Bradenton, FL 34203
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    • $125,000

      Bradenton Multifamily Property for Sale

      Multifamily property available in Bradenton, Florida.
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    • $1,499,000

      Income-Producing Property on High-Traffic Street

      Property with rental units and auto sales business potential.
      5712 15Th St E, Bradenton, FL 34203
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    • $250,000

      Bradenton Apartment Building For Sale

      Apartment building for sale in Bradenton, Florida.
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    • $420,000

      Bradenton Duplex: Income-Producing Investment

      Turnkey duplex in Bradenton, fully rented with long-term tenants.
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    Similar Nearby for Lease

    • Contact for pricing
      255,262 SF

      Prime Manatee County Industrial Land

      5.86 acres, HM zoned, single tenant
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    • $2 SF/Yr
      43,537 SF

      Prime Commercial Site Near I-75

      1-Acre commercial site near I-75, ideal for retail development.
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      188,452 SF

      4505 24Th St

      Manufacturing properties • 188,452 SF
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    • $25 SF/Yr
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      Bradenton Office Space Available

      Office spaces available for lease on 53rd Avenue East.
      708 53Rd Ave E, Bradenton, FL 34203
      View Details
    • $11,500 /Mo
      11,058 SF

      Freestanding Retail Building on 44th

      Highly visible retail building in evolving commercial corridor.
      204 44Th Ave E, Bradenton, FL 34203
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    • $16 SF/Yr
      1,874 SF

      Office-Warehouse Space Near US-301

      2,669 SF office-warehouse for lease near US-301.
      6224 31St St East, Bradenton, FL 34203
      View Details
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    1623 53Rd Ave
    Bradenton, FL 34203
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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.

    More about this property
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