Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,865,000
Flex space
4455 18th E St Bradenton, FL 34203-3790
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3645779
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2005
Construction
CONCRETE
Total area
45,687 SF
Lot
2.67 ac (116,479 SF)
Zoning code
LM
APN
16196.0040-4
UPID
US18-3645779
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
-
AER-FLO, INC. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.60M
CAP Approach
CAP
$5.92M
Comparable Approach
Comparable
$5.56M
Blend (final)
Blend
$4.87M
Owner & transaction history
Spinnaker University LLC · 5 yrs held
Spinnaker University LLC
since 2021
Last sale
$3.8M
7 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
$4,460,000
ML approach
$4,595,000
CAP Approach
CAP Return
Estimation
6%
$6,405,000
6.5%
$5,915,000
7%
$5,490,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,275,000
Current use
WAREHOUSE, STORAGE
$6,250,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$4.87M
Range $4.38M – $5.35M · ±10% · vs last sale $3.75M (May 26 2021)
Last sale anchor
$3.75M
May 26 2021
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
$106 / 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
$32,331
Tax year 2023
Assessed value
$3,583,801
Assessed 2023
Previous assessed
$3,485,609
+2.8% YoY
Effective rate
0.90%
On assessed value
Assessed land
$283,043
Assessed improvement
$3,300,758
Land market value
$283,043
Improvement market value
$3,300,758
Total market value
$3,583,801
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
45,687 SF
Lot
2.67 ac (116,479 SF)
Zoning code
LM
APN
16196.0040-4
UPID
US18-3645779
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
$6.3M
WAREHOUSE, STORAGE
Est. value
$6.3M
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
2005
Construction
CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
2.67 ac
Current owner
From public records · entity-resolved
Spinnaker University LLC
Entity
Mailing address
20875 XRDS CIR STE #100, WAUKESHA, WI 53186-4093
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Oct 21, 2021
—
Spinnaker University LLC
—
Deed
related
$3,950,000 · Old National Bank
May 26, 2021
$3,750,000
Spinnaker University LLC
Aer Flo Canvas Products INC
Warranty Deed
$3,950,000 · Old National Bank
Apr 22, 2019
—
Aer-flo Canvas Products INC
—
Grant Deed
related
$2,658,200 · Centerstate Bk NA
Sep 25, 2017
—
Aer-flo Canvas Products INC
—
Grant Deed
related
$2,584,000 · Bank Of America
Aug 10, 2012
—
Aer Flo Canvas Products INC
Manasota Industrial Park Associates
Correction Deed
related
—
Dec 15, 2003
—
Aer Flo Canvas Products INC
—
Trustees Deed
related
$1,401,500 · Gold Bank NA
Jul 15, 2003
$200,000
Aer-flo Canvas Products INC
Manasota Industrial Park Assoc
Grant Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4455 18th E St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
