Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2303 1st E St Bradenton, FL 34208-3655

    • Garden apartment buildings
    • 7,514 SF
    • 10.40 lot acres
    OFF-MARKET
    Last Sale
    May 16, 2024
    Value Estimations
    $1,040,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1892963
    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

    • The Spot Tacos and More / Mexican Restaurant / Taco Restaurant
    • Robin's Apartments / Apartment Rental Agency / Apartment Complex
    • Dont ride dirty llc / Car Detailing Service

    Property Details for 2303 1st E St

    Year built
    1974
    Construction
    TYPE NOT SPECIFIED
    Lot size
    10.40 lot acres
    Property size
    7,514 SF
    Zone code
    GC
    Property type
    Garden apartment buildings
    APN
    46362.1005-8
    APU
    4636210058

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,515,000
      6.5%
      $1,400,000
      7%
      $1,300,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,252,000
      Market price range: $382k - $1.25M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton
    County
    Manatee
    State
    Florida
    Longitude
    -82.5618
    Latitude
    27.4792
    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
    $95,983
    $5,952,716
    $5,722,588
    $11,675,304
    -
    $5,952,716
    $5,722,588
    $11,675,304

    Comparable in this City

    • Value Estimation
      $3,145,000
      23,388 SF

      2557 51st E Blvd

      APARTMENT HOUSE (5+ UNITS) • 23,388 SF
      2557 51st E Blvd, Bradenton, FL 34208
      View Details
    • Value Estimation by Request
      21,060 SF

      5725 1st E Ave

      APARTMENT HOUSE (5+ UNITS) • 21,060 SF
      5725 1st E Ave, Bradenton, FL 34208-6085
      View Details
    • Value Estimation by Request
      856 SF

      501 5th Ave E Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 856 SF
      501 5th Ave E Dr, Bradenton, FL 34208-2005
      View Details
    • Value Estimation by Request
      1,863 SF

      307 4th E St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,863 SF
      307 4th E St, Bradenton, FL 34208-1117
      View Details
    • Value Estimation by Request
      23,460 SF

      1024 3rd E Ave

      APARTMENT HOUSE (5+ UNITS) • 23,460 SF
      1024 3rd E Ave, Bradenton, FL 34208
      View Details
    • Value Estimation
      $730,000
      2,804 SF

      1420 1st E Ave, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,804 SF
      1420 1st E Ave, Bradenton, FL 34208-1324
      View Details

    Similar Nearby for Sale

    • $47,000
      0.05 Acres

      Paved RV Lot in Bradenton

      Paved RV lot in active 55+ community near Braden River.
      3275 26Th Ave E, Bradenton, FL 34208
      View Details
    • $155,900

      Turnkey Mobile Home in 55+ Community

      Clean, one-bedroom mobile home in active 55+ community.
      3333 26Th Ave E 1257, Bradenton, FL 34208
      View Details
    • $40,000
      0.06 Acres

      Bradenton Land For Sale

      Active 55+ community lot for seasonal RV or manufactured home.
      3275 26Th Ave E, Bradenton, FL 34208
      View Details
    • $99,000

      Golf Course View Home

      Furnished home in a 55+ community with winter activities.
      3300 26Th Ave E 110, Bradenton, FL 34208
      View Details
    • $339,000
      Pending

      Bradenton Duplex: Investment Opportunity

      Duplex with upgraded HVAC near downtown Bradenton, ideal for investors.
      3716 11Th St E, Bradenton, FL 34208
      View Details
    • $850,000
      2,380 SF

      Renovated Triplex Near Manatee River

      Fully renovated triplex near Manatee River with strong rental potential.
      1840 3Rd Ave E, Bradenton, FL 34208
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      1,150 SF

      Connected Retail Units For Lease

      Connected retail units available for lease on a busy intersection.
      1121-1149 W 14Th St, Bradenton, FL 34208
      View Details
    • $24 SF/Yr
      5,853 SF

      Bradenton Medical Office Suite

      Prime Medical Office, Downtown Bradenton
      201 4Th Ave, Bradenton, FL 34208
      View Details
    • $26 SF/Yr
      1,602 SF

      Medical Office Space in Bradenton

      Medical office space for lease near Manatee Memorial Hospital.
      100 3Rd Avenue Dr West, Bradenton, FL 34208
      View Details
    • $8,300,000
      4,000 SF

      Medical/Office Space on State Road

      4,000 sq ft medical/office space for lease.
      5101 4Th Avenue Cir E, Bradenton, FL 34208
      View Details
    • $35 SF/Yr
      5,795 SF

      Medical Office Space Near Hospital

      Class A medical space available near Manatee Memorial Hospital.
      401 Manatee Ave E, Bradenton, FL 34208
      View Details
    • $735,000
      1,984 SF

      Medical/Office Building Near Hospital

      Stand-alone medical/office building near Manatee Memorial Hospital.
      410 4Th Ave East Bradenton, Bradenton, FL 34208
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2303 1st E St
    Bradenton, FL 34208-3655
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.