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Property profile & analytics
FOR LEASE
Office buildings
2902 59Th St W Bradenton, FL 34209
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-3212720
For Lease
1 / 26
$20 SF/Yr
2902 59Th St W, Bradenton, FL 34209
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
TYPE NOT SPECIFIED
Total area
29,749 SF
Lot
3.45 ac (150,326 SF)
Zoning code
BR_R-2
APN
51110.2000-3
UPID
US18-3212720
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
-
Kirkland Dental Arts, Dr. Margaret A. Kirkland, DDS Dental Office
-
Advanced Dermatology & Cosmetic Surgery Medical Clinic Skin Care Clinic
-
Lucas Group Insurance Insurance Agency
-
Meadowcroft South Condominium Complex
-
Southwest Florida Medicine Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.97M
Comparable Approach
Comparable
$10.05M
Blend (final)
Blend
$7.83M
Owner & transaction history
Phoenix Rising Holdings LLC · 10 yrs held
Phoenix Rising Holdings LLC
since 2016
5 recorded transactions
Zoning & alternative use
BR_R-2 · 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%
$8,635,000
6.5%
$7,970,000
7%
$7,405,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,570,000
Current use
RETAIL STORES
$8,905,000
Change: -16% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,875,000
Change: -16% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,745,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$7.83M
Range $7.05M – $8.61M · ±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
$263 / 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
$71,169
Tax year 2023
Assessed value
$3,771,614
Assessed 2023
Previous assessed
$3,700,188
+1.9% YoY
Effective rate
1.89%
On assessed value
Assessed land
$596,108
Assessed improvement
$3,175,506
Land market value
$596,108
Improvement market value
$3,175,506
Total market value
$3,771,614
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
1
Units
1
Total area
29,749 SF
Lot
3.45 ac (150,326 SF)
Zoning code
BR_R-2
APN
51110.2000-3
UPID
US18-3212720
Jurisdiction
MANATEE
Zoning & alternative use
BR_R-2 · Bradenton, FL
Zoning BR_R-2 · permitted uses
BR_R-2 · 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
OFFICE BUILDING Current
Est. value
$10.6M
RETAIL STORES
Est. value
$8.9M
AUTO REPAIR, GARAGE
Est. value
$8.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.7M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1987
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
3.45 ac
Current owner
From public records · entity-resolved
Phoenix Rising Holdings LLC
Entity
Mailing address
2398 FRUITVILLE RD, SARASOTA, FL 34237-6114
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2016
$3,150,000
Phoenix Rising Holdings LLC
Stanley E Stephens
Special Warranty Deed
$2,520,000 · Regions Bank
Aug 11, 2014
—
Stephens,stanley E Living Trust
Stephens,stanley E
Quit Claim Deed
related
—
Mar 24, 2005
—
Stanley E Stephens
Owner,record
Grant Deed
related
—
—
—
Stanley E Stephens
—
Deed Of Trust
related
$650,000 · Wachovia Bank NA
—
—
Parkside Partners
—
Deed Of Trust
related
$105,200 · Southtrust Bank NA
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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