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Property profile & analytics
FOR LEASE
Community centers
3611 1St St E, Bradenton, FL 34208
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US18-0560240
For Lease
1 / 2
$1,490,000
3611 1St St E, Bradenton, FL 34208
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1985
Total area
159,378 SF
Lot
17.45 ac (760,122 SF)
Zoning code
GC
APN
47786.0000-9
UPID
US18-0560240
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
-
Sunshine Thrift Stores of Bradenton, Inc. Discount Store
-
Orthodontic Specialists of Florida - Bradenton Dental Office
-
Legacy Studio Barbershop Barber Shop
-
DOCINS.com Insurance Agency
-
Amscot - The Money Superstore Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.49M
Owner & transaction history
Desoto Properties LLC · 23 yrs held
Desoto Properties LLC
since 2002
4 recorded transactions
Zoning & alternative use
GC · 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
$1,230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±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
$9 / 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
$176,266
Tax year 2023
Assessed value
$10,229,056
Assessed 2023
Previous assessed
$9,800,000
+4.4% YoY
Effective rate
1.72%
On assessed value
Assessed land
$2,924,415
Assessed improvement
$7,304,641
Land market value
$2,924,415
Improvement market value
$7,304,641
Total market value
$10,229,056
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1985
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
31
Bathrooms
2
Total area
159,378 SF
Lot
17.45 ac (760,122 SF)
Zoning code
GC
APN
47786.0000-9
UPID
US18-0560240
Jurisdiction
MANATEE
Zoning & alternative use
GC · Bradenton, FL
Zoning GC · permitted uses
GC · 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
1985
Heating
NONE
Cooling
Yes
Stories
1
Units
31
Bathrooms
2
Lot
17.45 ac
Current owner
From public records · entity-resolved
Desoto Properties LLC
Entity
Mailing address
506 S DIXIE HWY, HALLANDALE BEACH, FL 33009-6332
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2020
—
Desoto Properties LLC
—
Deed
related
$5,250,000 · Miscellaneous Ins Co
Aug 22, 2002
$7,175,000
Desoto Properties LLC
Desoto Junction LP
Grant Deed
related
$5,250,000 · Sun Life Assurance Co Canada
Nov 4, 1997
$6,000,000
Desoto Junction LP
Desoto Junction Assoc Ltd
Grant Deed
related
$6,245,182 · S & T Bank
—
—
Desoto Properties LLC
—
Loan Modification
related
$5,250,000 · Miscellaneous Ins Co
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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