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    Property profile & analytics

    518 Martin Luther King E Ave Bradenton, FL 34208-2048

    • Residential income homes
    • 1,875 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimation
    $295,000
    Location Intelligence
    Property ID
    US18-4662027
    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

    • Club De Las Esperanzas / Corporate Office

    Property Details for 518 Martin Luther King E Ave

    Year built
    1980
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.32 lot acres
    Property size
    1,875 SF
    Zone code
    BR_FBC,BR_T4-O
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    45948.1005-9
    APU
    4594810059

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $340,000
      6.5%
      $355,000
      7%
      $355,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $335,000
      Geo Method
      $330,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $345,000
      Retail
      $305,000
      Mixed-Use
      $360,000
      Hospitality
      $375,000
      Educational
      $310,000
      Residential Income
      $385,000
      Energy
      $390,000
      Income-Based Land
      $330,000
      Food Service
      $365,000

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton
    County
    Manatee
    State
    Florida
    Longitude
    -82.5584
    Latitude
    27.4913
    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
    $3,921
    $49,466
    $251,328
    $300,794
    -
    $49,466
    $251,328
    $300,794

    Comparable in this City

    • Value Estimation
      $380,000
      856 SF

      501 5th Ave E Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 856 SF
      501 5th Ave E Dr, Bradenton, FL 34208-2005
      View Details
    • Value Estimation
      $285,000
      1,863 SF

      307 4th E St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,863 SF
      307 4th E St, Bradenton, FL 34208-1117
      View Details
    • Value Estimation
      $275,000
      2,052 SF

      1431 30th E Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,052 SF
      1431 30th E Ave, Bradenton, FL 34208-4251
      View Details
    • Value Estimation
      $320,000
      1,800 SF

      227 Martin Luther King E Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,800 SF
      227 Martin Luther King E Ave, Bradenton, FL 34208-2523
      View Details
    • Value Estimation
      $320,000
      2,380 SF

      1840 3rd E Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,380 SF
      1840 3rd E Ave, Bradenton, FL 34208-1414
      View Details
    • Value Estimation by Request
      3,840 SF

      309 6th E St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,840 SF
      309 6th E St, Bradenton, FL 34208-1129
      View Details

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    Similar Nearby for Lease

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      Connected retail units available for lease on a busy intersection.
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      Medical Office Conversion Opportunity

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      6,110 SF freestanding building with high visibility on US 41.
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      Palmetto Industrial Space For Lease

      Modern 160,563 SF manufacturing/warehouse.
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    • Contact for pricing
      24,274 SF

      Retail Space on Manatee Avenue

      Retail space with high traffic count and frontage.
      5729-5809 Manatee Ave W, Bradenton, FL 34208
      View Details
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    Bradenton, FL 34208-2048
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    Realmo Value Estimation

    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.

    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.

    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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