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Property profile & analytics
FOR SALE
Flex space
2398 63Rd Ave E Bradenton, FL 34203
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2737350
For Sale
1 / 11
$3,595,000
2398 63Rd Ave E, Bradenton, FL 34203
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1976
Construction
CONCRETE
Total area
8,000 SF
Lot
2.38 ac (103,673 SF)
Zoning code
HM
APN
18498.0005-5
UPID
US18-2737350
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
-
Bradenton Auto Center Auto Repair Shop
-
all in one kitchen Hardware & Home Improvement Kitchen & Bath Showroom
-
Orange Coast DEVT General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.50M
Owner & transaction history
Chunshui Xie · 9 yrs held
Chunshui Xie
since 2017
6 recorded transactions
Zoning & alternative use
HM · Bradenton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.4M
+117.9%
Auto repair, garage
$2.4M
+117.2%
Apartment house (5+ units)
$2.4M
+114.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,120,000
6.5%
$1,035,000
7%
$960,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,100,000
Current use
RETAIL STORES
$2,395,000
Change: +118% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,385,000
Change: +117% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,350,000
Change: +114% · Conversion: Difficult
OFFICE BUILDING
$1,995,000
Change: +82% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,895,000
Change: +72% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,095,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±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
$187 / 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
$18,866
Tax year 2023
Assessed value
$1,074,875
Assessed 2023
Previous assessed
$901,607
+19.2% YoY
Effective rate
1.76%
On assessed value
Assessed land
$479,988
Assessed improvement
$594,887
Land market value
$479,988
Improvement market value
$594,887
Total market value
$1,074,875
Applied tax rate
303.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Sale
Year built
1976
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Total area
8,000 SF
Lot
2.38 ac (103,673 SF)
Zoning code
HM
APN
18498.0005-5
UPID
US18-2737350
Jurisdiction
MANATEE
Zoning & alternative use
HM · Bradenton, FL
Zoning HM · permitted uses
HM · Bradenton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bradenton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
RETAIL STORES
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1976
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
2.38 ac
Current owner
From public records · entity-resolved
Chunshui Xie
Individual
Mailing address
4713 MINEOLA ST, BRADENTON, FL 34207-2032
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2019
—
Chunshui Xie
—
Deed
related
$430,000 · Mercantile Cap
Mar 11, 2019
—
Chunshui Xie
—
Deed
related
$537,500 · Mercantile Cap
Feb 21, 2017
$875,000
Chunshui Xie
Wenzel,robert L
Grant Deed
$537,500 · Mercantile Cap
Apr 5, 2010
—
Simes Bruce V Separate Prop Trust
Simes,bruce V
Quit Claim Deed
related
—
—
—
Chunshui Xie
—
Loan Modification
related
$430,000 · Mercantile Cap
—
—
Chunshui Xie
—
Deed Of Trust
related
$537,500 · Mercantile Cap
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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