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Property profile & analytics
OFF-MARKET
Estimated value
$2,015,000
Banks
2102 59th W St Bradenton, FL 34209-7004
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-3556893
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2001
Construction
TYPE NOT SPECIFIED
Total area
5,642 SF
Lot
0.78 ac (33,767 SF)
Zoning code
BR_P
APN
39386.0010-7
UPID
US18-3556893
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
-
BayFirst Bank Loan Service
-
Bank OZK Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$2.02M
Owner & transaction history
First Home Bank · 5 yrs held
First Home Bank
since 2021
Last sale
$1.8M
4 recorded transactions
Zoning & alternative use
BR_P · Bradenton, 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 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
$2,170,000
ML approach
$2,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$2,175,000
Current use
OFFICE BUILDING
$2,005,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$2.02M
Range $1.81M – $2.22M · ±10% · vs last sale $1.83M (Jun 29 2021)
Last sale anchor
$1.83M
Jun 29 2021
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
$357 / 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
$32,430
Tax year 2023
Assessed value
$1,718,635
Assessed 2023
Previous assessed
$1,492,401
+15.2% YoY
Effective rate
1.89%
On assessed value
Assessed land
$324,688
Assessed improvement
$1,393,947
Land market value
$324,688
Improvement market value
$1,393,947
Total market value
$1,718,635
Applied tax rate
21.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2001
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
5,642 SF
Lot
0.78 ac (33,767 SF)
Zoning code
BR_P
APN
39386.0010-7
UPID
US18-3556893
Jurisdiction
MANATEE
Zoning & alternative use
BR_P · Bradenton, FLZoning BR_P · permitted uses
BR_P · Bradenton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.0M
FINANCIAL BUILDING Current
OFFICE BUILDING
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
2001
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
First Home Bank
Entity
Free & Clear · 5 yrs held
Mailing address
700 CENTRAL AVE, SAINT PETERSBURG, FL 33701-3631
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2021
$1,825,000
First Home Bank
Bank Ozk
Special Warranty Deed
—
Apr 30, 2015
$1,900,100
Bank Of The Ozarks
Horizon Ptshp LLP
Grant Deed
—
Feb 28, 2001
—
Horizon Partnership LLP
—
Grant Deed
related
$1,080,000 · American Bank
Sep 13, 1999
$307,500
Horizon Partnership
Wilson,thomas C
Grant Deed
$250,000 · First Bradenton Bank
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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