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

    3390 1st W St Bradenton, FL 34208-4057

    • Drive through restaurants
    • 1,742 SF
    • 0.62 lot acres
    OFF-MARKET
    Last Sale
    May 01, 2025
    $2,495,400
    Value Estimations
    $2,095,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0639413
    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

    • Popeyes Louisiana Kitchen / Cajun Restaurant / Fast Food Restaurant

    Property Details for 3390 1st W St

    Year built
    1984
    Lot size
    0.62 lot acres
    Property size
    1,742 SF
    Zone code
    GC
    Property type
    Drive through restaurants
    APN
    48397.0000-4
    APU
    4839700004

    Description

    This exceptional investment opportunity presents a 1,785 square foot Popeyes restaurant located at 3390 1st St, Bradenton, FL 34208, in Manatee County. The property sits on a 0.62-acre lot and boasts a brand new 20-year absolute NNN lease commencing May 31, 2024, and expiring May 30, 2044, with a remaining term of 19.5 years. The lease includes four 5-year renewal options, each with a 10% rent increase. The current annual net operating income (NOI) is $140,047, resulting in a 5.00% cap rate. The asking price is $2,800,940, translating to a price per square foot of $1,569.15. Built in 1984 and completely renovated in 2022, this single-tenant property benefits from a franchisee tenant with a proven operational history of over 30 years. The lease guarantees zero landlord responsibilities. The property is situated in a high-traffic retail corridor with over 37,500 vehicles daily, surrounded by other retailers, apartments, and schools. The location is within a densely populated area, serving a 5-mile radius with over 207,900 residents. The tenant, guaranteed by Sailormen Inc., operates approximately 150+ units and is headquartered in Miami. This investment offers significant long-term value and stability due to the strong tenant, favorable lease terms, and prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,300,000
      ML approach
      $2,300,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,476,000
      Market price range: $862k - $1.83M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton
    County
    Manatee
    State
    Florida
    Longitude
    -82.5635
    Latitude
    27.47
    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
    $7,576
    $332,584
    $192,289
    $524,873
    -
    $332,584
    $192,289
    $524,873

    Comparable in this City

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    • Value Estimation
      $2,900,000
      1,672 SF

      603 67th St E Cir

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    • Value Estimation
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      2416 9th E St

      DRIVE-THRU RESTAURANT, FAST FOOD • 552 SF
      2416 9th E St, Bradenton, FL 34208-3524
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    • Value Estimation
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      3,236 SF

      6600 State Rd 64

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,236 SF
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    • Value Estimation by Request
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      6520 State Rd 64

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,960 SF
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      View Details
    • Value Estimation
      $355,000
      3,816 SF

      3803 1st E St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,816 SF
      3803 1st E St, Bradenton, FL 34208-4447
      View Details

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    3390 1st W St
    Bradenton, FL 34208-4057
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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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