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Property profile & analytics
OFF-MARKET
Estimated value
$3,145,000
Apartment buildings
2557 51st E Blvd Bradenton, FL 34208
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5395363
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2006
Construction
TYPE NOT SPECIFIED
Total area
23,388 SF
Lot
20 ac (871,200 SF)
Zoning code
PD-MU
APN
16728.0020-9
UPID
US18-5395363
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
$4.36M
Comparable Approach
Comparable
$3.90M
Blend (final)
Blend
$3.15M
Owner & transaction history
Spectrum Sunshine State LLC · 2 yrs held
Spectrum Sunshine State LLC
since 2024
7 recorded transactions
Zoning & alternative use
PD-MU · Bradenton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$4,715,000
6.5%
$4,355,000
7%
$4,045,000
Blend value · Realmo final
$3.15M
Range $2.83M – $3.46M · ±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
$134 / 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
$506,464
Tax year 2023
Assessed value
$36,513,395
Assessed 2023
Previous assessed
$36,513,395
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$5,236,000
Assessed improvement
$31,277,395
Land market value
$5,236,000
Improvement market value
$31,277,395
Total market value
$36,513,395
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2006
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
12
Stories
3
Units
220
Total area
23,388 SF
Lot
20 ac (871,200 SF)
Zoning code
PD-MU
APN
16728.0020-9
UPID
US18-5395363
Jurisdiction
MANATEE
Zoning & alternative use
PD-MU · Bradenton, FL
Zoning PD-MU · permitted uses
PD-MU · 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.
Building & site characteristics
From public records
Year built
2006
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Buildings
12
Units
220
Lot
20 ac
Current owner
From public records · entity-resolved
Spectrum Sunshine State LLC
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2024
—
Spectrum Sunshine State LLC
Dazlbet Partners LLC
Agreement Of Sale
—
Oct 23, 2017
—
Dazlbet Partners LLC
—
Deed
related
$23,729,000 · Hunt Mtg Cap LLC
Jul 25, 2016
—
Dazlbet Partners LLC
—
Deed
related
$20,880,000 · Private Individual
Feb 8, 2007
—
County Of Manatee
Dazlbet Partners LLC
Warranty Deed
—
Jan 6, 2005
$1,694,000
Dazlbet Partners LLC
North Property Partnership Ltd
Warranty Deed
$19,810,500 · Gmac Commercial Mortgage Bank
Mar 6, 1998
$1,283,200
North Property Partnership Ltd
Rae F Reasoner Trustee
Grant Deed
—
Apr 28, 1997
—
Rae F Reasoner Trustee
Reasoner,e S
Quit Claim Deed
related
—
—
—
Dazlbet Partners LLC
—
Deed Of Trust
related
$20,263,000 · Mtglq Investors LP
—
—
Dazlbet Partners LLC
—
Deed Of Trust
related
$20,880,000 · Private Individual
—
—
Dazlbet Partners LLC
—
Loan Modification
related
—
—
—
Dazlbet Partners LLC
—
Deed Of Trust
related
$23,729,000 · Hunt Mtg Cap LLC
—
—
North Property Partnership Ltd
—
Deed Of Trust
related
$275,000 · First Bradenton 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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