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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Hotels
5451 Cortez W Rd Bradenton, FL 34210-2820
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1909076
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2019
Total area
53,322 SF
Lot
3.37 ac (146,667 SF)
Zoning code
BR_SCC
APN
51658.4020-9
UPID
US18-1909076
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
-
TownePlace Suites Sarasota Bradenton West Hotel & Motel
-
Neenah’s kitchen Restaurant
-
nathan benderson park Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$825k
Owner & transaction history
Cortez Hotel Group LLC · 2 yrs held
Cortez Hotel Group LLC
since 2023
Last sale
$6,200
6 recorded transactions
Zoning & alternative use
BR_SCC · 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
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,070,000
Current use
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $6k (Dec 13 2023)
Last sale anchor
$6k
Dec 13 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
$15 / 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
$114,851
Tax year 2023
Assessed value
$7,371,650
Assessed 2023
Previous assessed
$5,299,552
+39.1% YoY
Effective rate
1.56%
On assessed value
Assessed land
$835,792
Assessed improvement
$6,535,858
Land market value
$835,792
Improvement market value
$6,535,858
Total market value
$7,371,650
Applied tax rate
21.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2019
Heating
NONE
Stories
1
Units
87
Total area
53,322 SF
Lot
3.37 ac (146,667 SF)
Zoning code
BR_SCC
APN
51658.4020-9
UPID
US18-1909076
Jurisdiction
MANATEE
Zoning & alternative use
BR_SCC · Bradenton, FL
Zoning BR_SCC · permitted uses
BR_SCC · 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
HOTEL/MOTEL Current
Est. value
$1.1M
HOTEL/MOTEL Current
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
2019
Heating
NONE
Stories
1
Units
87
Lot
3.37 ac
Current owner
From public records · entity-resolved
Cortez Hotel Group LLC
Entity
Free & Clear · 2 yrs held
Mailing address
366 10TH AVE S, WAITE PARK, MN 56387-1400
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2023
$6,200
Cortez Hotel Group LLC
Harvey Investments LLC
Special Warranty Deed
—
Dec 19, 2019
—
Cortez Hotel Group LLC
—
Trustees Deed
related
$250,000 · Home Fsb
Oct 3, 2017
—
Cortez Hotel Group LLC
—
Loan Modification
related
$7,350,000 · Home Fsb
Apr 24, 2017
$101,476
Harvey LP
Cortez Hotel Group LLC
Grant Deed
—
Oct 17, 2016
$1,514,000
Cortez Hotel Group LLC
Bradenton Fl Hospitality LLC
Grant Deed
$1,072,500 · Home Fsb
Mar 11, 2010
—
Bradenton Fl Hospitality LLC
Bradenton Lodging LLC
Quit Claim Deed
related
—
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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