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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2412 Cortez W Rd Bradenton, FL 34207-1248

    • Banks
    • 7,938 SF
    • 1.55 lot acres
    OFF-MARKET
    Last Sale
    Aug 02, 2021
    $420,000
    Value Estimations
    $520,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0577933
    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

    • Ameris Bank / Bank
    • Raymond James / Financial Planner

    Property Details for 2412 Cortez W Rd

    Year built
    1973
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.55 lot acres
    Property size
    7,938 SF
    Zone code
    GC
    Property type
    Banks
    APN
    50682.0000-4
    APU
    5068200004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $500,000
      ML approach
      $475,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $590,000
      Market price range: $590k - $1.33M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton
    County
    Manatee
    State
    Florida
    Longitude
    -82.5862
    Latitude
    27.4631
    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
    $22,353
    $668,313
    $659,590
    $1,327,903
    -
    $668,313
    $659,590
    $1,327,903

    Comparable in this City

    • Value Estimation
      $1,690,000
      6,397 SF

      5305 26th W St

      FINANCIAL BUILDING • 6,397 SF
      5305 26th W St, Bradenton, FL 34207-3012
      View Details
    • Value Estimation
      $4,520,000
      2,498 SF

      5942 14th W St

      FINANCIAL BUILDING • 2,498 SF
      5942 14th W St, Bradenton, FL 34207-4021
      View Details
    • Value Estimation
      $295,000
      416 SF

      5619 27th W St

      FINANCIAL BUILDING • 416 SF
      5619 27th W St, Bradenton, FL 34207
      View Details
    • Value Estimation
      $290,000
      3,109 SF

      6285 14th W St

      FINANCIAL BUILDING • 3,109 SF
      6285 14th W St, Bradenton, FL 34207-4611
      View Details
    • Value Estimation
      $365,000
      5,319 SF

      404 53rd W Ave

      FINANCIAL BUILDING • 5,319 SF
      404 53rd W Ave, Bradenton, FL 34207-3415
      View Details
    • Value Estimation by Request
      1.60 Acres

      3326 Cortez Rd

      Individual retail properties • 1 SF
      3326 Cortez Rd, Bradenton, FL 34207
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,000 SF

      Prime Bradenton Commercial Property

      Vacant Bank Building, High Traffic Area
      410 Cortez Rd, Bradenton, FL 34207
      View Details
    • $1,200,000
      7,468 SF

      Restaurant & Bar on Tamiami Trail

      High-exposure commercial property suitable for redevelopment, expansion, or adaptive reuse.
      5131 14Th Street Ct W | Bradenton, Bradenton, FL 34207
      View Details
    • New
      $555,000
      1,875 SF

      Commercial Duplex on Cortez Road

      Flexible commercial space ideal for various business uses or investment.
      4426 5Th St W, Bradenton, FL 34207
      View Details
    • Contact for pricing
      1.39 Acres

      Boutique Waterfront Development

      Bradenton, FL: Income-producing waterfront property
      2424 Bay Dr, Bradenton, FL 34207
      View Details
    • $2,019,000
      6,600 SF

      Retail Property Near DeSoto Square

      Located in a bustling retail hub with high foot traffic.
      4919 W 14Th St, Bradenton, FL 34207
      View Details
    • $99,900

      Vacant Lot in Active Community

      Vacant lot ready for your dream home in Bradenton, FL.
      6625 Kansas St, Bradenton, FL 34207
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      High-Traffic Bradenton Development Site

      1.6-Acre Commercial Land Lease Opportunity
      3326 Cortez Rd, Bradenton, FL 34207
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Near US-41

      Retail space available in Bradenton, anchored by Publix and TJ Maxx.
      6026-6036 W 14Th St, Bradenton, FL 34207
      View Details
    • Contact for pricing
      1,762 SF

      Retail Space in Bradenton Corridor

      Retail space available in busy Bradenton retail corridor.
      4425-4555 14Th St W, Bradenton, FL 34207
      View Details
    • $17 SF/Yr
      1,912 SF

      Bradenton Retail Space Available

      Retail space available for lease in Bradenton, Florida.
      5133-5213 14Th St W, Bradenton, FL 34207
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space in Bradenton Center

      Retail space available in a well-located Bradenton shopping center.
      701-865 Cortez Rd W, Bradenton, FL 34207
      View Details
    • $17 SF/Yr
      20,084 SF

      Bradenton Retail Space Available

      High-traffic storefront, 1,858-2,813 SF
      5133 14Th St, Bradenton, FL 34207
      View Details
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    2412 Cortez W Rd
    Bradenton, FL 34207-1248
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    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
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