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Property profile & analytics
OFF-MARKET
Estimated value
$1,840,000
Industrial properties
3241 59th E Dr 102 Bradenton, FL 34203-3955
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5056400
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
2009
Construction
CONCRETE
Total area
14,000 SF
Lot
0.32 ac (14,000 SF)
Zoning code
LM
APN
17762.1375-9
UPID
US18-5056400
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
-
Flip Zone Gymnastics of SWFL Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.83M
CAP Approach
CAP
$1.81M
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.84M
Owner & transaction history
Promised Land Asset Holdings LLC · 2 yrs held
Promised Land Asset Holdings LLC
since 2023
Last sale
$2.3M
2 recorded transactions
Zoning & alternative use
LM · 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
$1,885,000
ML approach
$1,830,000
CAP Approach
CAP Return
Estimation
6%
$1,965,000
6.5%
$1,810,000
7%
$1,685,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,925,000
Current use
WAREHOUSE, STORAGE
$1,915,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.84M
Range $1.66M – $2.02M · ±10% · vs last sale $2.30M (Sep 22 2023)
Last sale anchor
$2.30M
Sep 22 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
$131 / 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
$19,674
Tax year 2023
Assessed value
$1,130,500
Assessed 2023
Previous assessed
$1,130,500
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed improvement
$1,130,500
Improvement market value
$1,130,500
Total market value
$1,130,500
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
2009
Construction
CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
14,000 SF
Lot
0.32 ac (14,000 SF)
Zoning code
LM
APN
17762.1375-9
UPID
US18-5056400
Jurisdiction
MANATEE
Zoning & alternative use
LM · Bradenton, FL
Zoning LM · permitted uses
LM · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.9M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
2009
Construction
CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Promised Land Asset Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
15205 CAMARGO PL, LAKEWOOD RANCH, FL 34202-5692
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2023
$2,300,000
Promised Land Asset Holdings LLC
Kellypurvis Properties LLC
Special Warranty Deed
—
Feb 10, 2009
$1,200,000
Kellypurvis Properties LLC
33rd Street Condos Lc
Grant Deed
$600,000 · Bank Of America
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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