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Property profile & analytics
OFF-MARKET
Estimated value
$32,645,000
Apartment buildings
240 Sun Isle Cir Bradenton, FL 34208-2700
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-8456667
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2020
Total area
168,972 SF
Lot
18.47 ac (804,423 SF)
Zoning code
BR_R-1
APN
11237.1075-9
UPID
US18-8456667
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
by Request
CAP Approach
CAP
$31.46M
Comparable Approach
Comparable
$26.63M
Blend (final)
Blend
$32.65M
Owner & transaction history
Bradenton Land Co II LLC · 5 yrs held
Bradenton Land Co II LLC
since 2020
4 recorded transactions
Zoning & alternative use
BR_R-1 · Bradenton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$50.6M
+1.8%
Auto repair, garage
$50.4M
+1.5%
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%
$34,075,000
6.5%
$31,455,000
7%
$29,205,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$49,660,000
Current use
RETAIL STORES
$50,575,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$50,395,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$44,365,000
Change: -11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$39,990,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$32.65M
Range $29.38M – $35.91M · ±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
$193 / 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
$696,137
Tax year 2023
Assessed value
$42,817,376
Assessed 2023
Previous assessed
$41,496,402
+3.2% YoY
Effective rate
1.63%
On assessed value
Assessed land
$4,569,600
Assessed improvement
$38,247,776
Land market value
$4,569,600
Improvement market value
$38,247,776
Total market value
$42,817,376
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2020
Heating
NONE
Buildings
3
Stories
2
Units
192
Total area
168,972 SF
Lot
18.47 ac (804,423 SF)
Zoning code
BR_R-1
APN
11237.1075-9
UPID
US18-8456667
Jurisdiction
MANATEE
Zoning & alternative use
BR_R-1 · Bradenton, FL
Zoning BR_R-1 · permitted uses
BR_R-1 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$49.7M
RETAIL STORES
Est. value
$50.6M
AUTO REPAIR, GARAGE
Est. value
$50.4M
OFFICE BUILDING
Est. value
$44.4M
COMMERCIAL (GENERAL)
Est. value
$40.0M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2020
Heating
NONE
Stories
2
Buildings
3
Units
192
Lot
18.47 ac
Current owner
From public records · entity-resolved
Bradenton Land Co II LLC
Entity
Mailing address
3200 W MARKET ST STE #200, FAIRLAWN, OH 44333-3325
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2020
—
Bradenton Land Co II LLC
—
Deed
related
$31,108,300 · M&t Rlty Cap
May 30, 2018
—
Bradenton Land Co II LLC
—
Deed
related
$31,108,300 · M&t Rlty Cap
—
—
Bradenton Land Co II LLC
—
Deed Of Trust
related
$31,108,300 · M&t Rlty Cap
—
—
Bradenton Land Co II LLC
—
Loan Modification
related
$31,108,300 · M&t Rlty 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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