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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Residential income homes
209 Bay N Dr 1 Bradenton Beach, FL 34217-2491
Individually Owned
5-yr Hold
Property ID
US18-9233259
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1945
Construction
WOOD
Total area
1,488 SF
Lot
0.15 ac (6,500 SF)
Zoning code
BB_R-3
APN
77329.0000-1
UPID
US18-9233259
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
$1.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$871k
Blend (final)
Blend
$985k
Owner & transaction history
Patrick W Shomo JR · 5 yrs held
Patrick W Shomo JR
since 2020
Last sale
$900,000
5 recorded transactions
Zoning & alternative use
BB_R-3 · Bradenton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bradenton Beach 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
$1,140,000
ML approach
$1,115,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10% · vs last sale $900k (Aug 31 2020)
Last sale anchor
$900k
Aug 31 2020
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
$662 / 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
$20,166
Tax year 2023
Assessed value
$1,313,738
Assessed 2023
Previous assessed
$1,313,738
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$878,900
Assessed improvement
$434,838
Land market value
$878,900
Improvement market value
$434,838
Total market value
$1,313,738
Applied tax rate
25.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1945
Construction
WOOD
Heating
YES
Buildings
2
Stories
2
Units
4
Bathrooms
2
Total area
1,488 SF
Lot
0.15 ac (6,500 SF)
Zoning code
BB_R-3
APN
77329.0000-1
UPID
US18-9233259
Jurisdiction
MANATEE
Zoning & alternative use
BB_R-3 · Bradenton Beach, FLZoning BB_R-3 · permitted uses
BB_R-3 · Bradenton Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1945
Construction
WOOD
Heating
YES
Stories
2
Buildings
2
Units
4
Bathrooms
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Patrick W Shomo JR
Individual
Mailing address
3201 QUAIL DR, HUNTINGTOWN, MD 20639-4006
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2020
$900,000
Patrick W Shomo JR
Shelly Wheeier Rentals LLC
Warranty Deed
$675,000 · Tjc Mortgage INC
May 29, 2020
—
Shelley Wheeler Rentals LLC
Shelley W Wheeler
Quit Claim Deed
related
—
Jun 30, 2008
—
Shelley W Wheeler
Wheeler,shelley W
Quit Claim Deed
related
—
May 29, 2003
—
Shelley W Wheeler
Gulf Coast Parking Co
Grant Deed
related
—
Sep 17, 2002
$650,000
Gulf Coast Parking Co
Banyas,john T
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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