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Property profile & analytics
OFF-MARKET
Estimated value
$13,955,000
Investment properties
2705 51st E Ave Bradenton, FL 34203-3937
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-7947820
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2014
Total area
67,466 SF
Lot
9.31 ac (405,631 SF)
Zoning code
PD-C
APN
16852.0505-9
UPID
US18-7947820
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
-
Goodwill Manasota Corporate Office Corporate Office
-
Goodwill Manasota Job Center Business Service Center Employment Agency
-
Goodwill Manasota Retail Store Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.44M
CAP Approach
CAP
$18.20M
Comparable Approach
Comparable
$14.47M
Blend (final)
Blend
$13.96M
Owner & transaction history
Goodwill Industries Manasota INC · 2 yrs held
Goodwill Industries Manasota INC
since 2023
Last sale
$14.1M
7 recorded transactions
Zoning & alternative use
PD-C · Bradenton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$20.2M
+26.5%
Auto repair, garage
$20.1M
+26.0%
Apartment house (5+ units)
$19.8M
+24.2%
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
$11,530,000
ML approach
$11,435,000
CAP Approach
CAP Return
Estimation
6%
$19,715,000
6.5%
$18,195,000
7%
$16,895,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$15,970,000
Current use
RETAIL STORES
$20,195,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$20,120,000
Change: +26% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$19,830,000
Change: +24% · Conversion: Moderate
OFFICE BUILDING
$16,830,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$13.96M
Range $12.56M – $15.35M · ±10% · vs last sale $14.05M (Dec 28 2023)
Last sale anchor
$14.05M
Dec 28 2023
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
$207 / 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
$135,507
Tax year 2023
Assessed value
$8,746,036
Assessed 2023
Previous assessed
$8,746,036
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$1,447,101
Assessed improvement
$7,298,935
Land market value
$1,447,101
Improvement market value
$7,298,935
Total market value
$8,746,036
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2014
Heating
NONE
Stories
1
Units
1
Total area
67,466 SF
Lot
9.31 ac (405,631 SF)
Zoning code
PD-C
APN
16852.0505-9
UPID
US18-7947820
Jurisdiction
MANATEE
Zoning & alternative use
PD-C · Bradenton, FL
Zoning PD-C · permitted uses
PD-C · 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
COMMERCIAL (GENERAL) Current
Est. value
$16.0M
RETAIL STORES
Est. value
$20.2M
AUTO REPAIR, GARAGE
Est. value
$20.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$19.8M
OFFICE BUILDING
Est. value
$16.8M
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
2014
Heating
NONE
Stories
1
Units
1
Lot
9.31 ac
Current owner
From public records · entity-resolved
Goodwill Industries Manasota INC
Entity
Mailing address
2705 51ST AVE E, BRADENTON, FL 34203-3937
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2023
$14,053,700
Goodwill Industries Manasota INC
Us 301 51st Ave E Lllp
Special Warranty Deed
$19,500,000 · United Community Bank
Jul 26, 2013
$600,000
Us 301/51st Ave E Lllp
2705 51st Avenue East LLC
Warranty Deed
$611,000 · Goodwill Industries-manasota I
Oct 19, 2004
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Oct 14, 2004
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
—
—
Powell,marion E
—
Deed Of Trust
related
$20,000 · Wachovia Bk/ga
—
—
Powell,marion E
—
Deed Of Trust
related
$655,000 · Howell Lucia G Trust (tr)
—
—
Powell,marion
—
Deed Of Trust
related
$115,000 · Mortgage Wholesalers/fl
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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