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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Office buildings
2201 Gulf N Dr Bradenton Beach, FL 34217-2282
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-6208374
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Construction
TYPE NOT SPECIFIED
Total area
2,184 SF
Lot
0.48 ac (21,000 SF)
Zoning code
BB_R-2,BB_R-3
APN
74342.0000-7
UPID
US18-6208374
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
-
The Beach Club at Anna Maria by RVA Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
$585k
Comparable Approach
Comparable
$830k
Blend (final)
Blend
$605k
Owner & transaction history
Raps Dev LLC · 21 yrs held
Raps Dev LLC
since 2005
5 recorded transactions
Zoning & alternative use
BB_R-2,BB_R-3 · Bradenton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$705,000
+36.3%
Retail stores
$655,000
+26.8%
Commercial (general)
$630,000
+21.7%
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
by Request
ML approach
$440,000
CAP Approach
CAP Return
Estimation
6%
$635,000
6.5%
$585,000
7%
$545,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$515,000
Current use
AUTO REPAIR, GARAGE
$705,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$655,000
Change: +27% · Conversion: Moderate
COMMERCIAL (GENERAL)
$630,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$605k
Range $545k – $666k · ±10%
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
$277 / 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
$55,228
Tax year 2023
Assessed value
$3,614,645
Assessed 2023
Previous assessed
$2,863,735
+26.2% YoY
Effective rate
1.53%
On assessed value
Assessed land
$1,235,900
Assessed improvement
$2,378,745
Land market value
$1,235,900
Improvement market value
$2,378,745
Total market value
$3,614,645
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1968
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Units
14
Total area
2,184 SF
Lot
0.48 ac (21,000 SF)
Zoning code
BB_R-2,BB_R-3
APN
74342.0000-7
UPID
US18-6208374
Jurisdiction
MANATEE
Zoning & alternative use
BB_R-2,BB_R-3 · Bradenton Beach, FLZoning BB_R-2,BB_R-3 · permitted uses
BB_R-2,BB_R-3 · Bradenton Beach, 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
OFFICE BUILDING Current
Est. value
$515,000
AUTO REPAIR, GARAGE
Est. value
$705,000
RETAIL STORES
Est. value
$655,000
COMMERCIAL (GENERAL)
Est. value
$630,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1968
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
14
Lot
0.48 ac
Current owner
From public records · entity-resolved
Raps Dev LLC
Entity
Mailing address
2198 MAIN ST, SARASOTA, FL 34237-6024
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
Dec 7, 2009
—
Raps Dev LLC
—
Trustees Deed
related
$3,951,000 · Landmark Bank Of Florida
Apr 21, 2008
—
Raps Dev LLC
—
Grant Deed
related
$1,600,000 · Landmark Bank Of Florida
Jul 7, 2005
$3,500,000
Raps Dev LLC
J & D Westcoast Ventures INC
Warranty Deed
$3,196,000 · First National Bank
—
—
J D Westcoast Ventures INC
—
Deed Of Trust
related
$1,072,500 · Century Bank Fsb
—
—
Raps Dev LLC
—
Deed Of Trust
related
$1,310,000 · First National 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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