Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5861 Cortez W Rd Bradenton, FL 34210-2704

    • Office buildings
    • 2,348 SF
    • 0.44 lot acres
    OFF-MARKET
    Last Sale
    Jan 03, 2022
    $649,000
    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    7.8%
    Office buildings
    Location Intelligence
    Property ID
    US18-2673513
    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

    • The Beauty and Wellness Institute / Doctor
    • Coleman Pratt / Family Practice Physician / Practitioner Service Location
    • James Heating & Cooling / Hvac Contractor
    • Pamela Chapman / Family Practice Physician / Health Care Facility
    • Sarasota Cooperative Learning Project / Educational Institution

    Property Details for 5861 Cortez W Rd

    Year built
    1960
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.44 lot acres
    Property size
    2,348 SF
    Zone code
    PR-M
    Property type
    Office buildings
    APN
    51663.0000-3
    APU
    5166300003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $525,000
      ML approach
      $530,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $680,000
      6.5%
      $630,000
      7%
      $585,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $585,000
      Current use
      RETAIL STORES
      $705,000
      Change: +20% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $700,000
      Change: +20% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $555,000
      Change: -5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton
    County
    Manatee
    State
    Florida
    Longitude
    -82.6203
    Latitude
    27.4622
    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
    $9,083
    $290,267
    $259,376
    $549,643
    -
    $290,267
    $259,376
    $549,643

    Comparable in this City

    • Value Estimation by Request
      2,565 SF

      10601 Cortez W Rd

      OFFICE BUILDING • 2,565 SF
      10601 Cortez W Rd, Bradenton, FL 34210-1506
      View Details
    • Value Estimation
      $630,000
      2,560 SF

      4404 56th W St

      OFFICE BUILDING • 2,560 SF
      4404 56th W St, Bradenton, FL 34210-2714
      View Details
    • Value Estimation
      $380,000
      7,347 SF

      4216 Cortez W Rd

      OFFICE BUILDING • 7,347 SF
      4216 Cortez W Rd, Bradenton, FL 34210-3121
      View Details
    • Value Estimation
      $360,000
      5,762 SF

      3645 Cortez W Rd

      OFFICE BUILDING • 5,762 SF
      3645 Cortez W Rd, Bradenton, FL 34210-3164
      View Details
    • Value Estimation
      $510,000
      13,600 SF

      7800 Cortez W Rd

      OFFICE BUILDING • 13,600 SF
      7800 Cortez W Rd, Bradenton, FL 34210
      View Details
    • Value Estimation
      $340,000
      1,175 SF

      6010 Cortez W Rd

      OFFICE BUILDING • 1,175 SF
      6010 Cortez W Rd, Bradenton, FL 34210-2708
      View Details

    Similar Nearby for Sale

    • $3,000,000
      6 SF

      Bradenton Residential Redevelopment Opportunity

      6.72-acre site suitable for luxury residential development with potential water views.
      4511 Bay Club Dr, Bradenton, FL 34210
      View Details
    • $268,000

      Commercial Land in Bradenton, FL

      Commercial land available for sale in Bradenton, Florida.
      4401 46Th Ave W 102, Bradenton, FL 34210
      View Details
    • $80,000

      Waterfront 55+ Community Mobile Home

      Mobile home in a waterfront 55+ community with amenities.
      10315 W 2Nd St, Bradenton, FL 34210
      View Details
    • $1,950,000

      Acre Frontage on SR 70

      Acre of land on a fast-growing Bradenton roadway.
      3512 E 53Rd Ave, Bradenton, FL 34210
      View Details
    • $219,000

      Commercial Land Available

      Commercial land for sale in Bradenton, Florida.
      4457 45Th Ave W 202, Bradenton, FL 34210
      View Details
    • $265,000

      Commercial Land Available

      Commercial land for sale.
      4425 45Th Ave W 101, Bradenton, FL 34210
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      6,684 SF

      3701 Cortez Rd

      Office space • 6,684 SF
      3701 Cortez Rd, Bradenton, FL 34210
      View Details
    • $71,700

      Office Space in Wildewood Park

      Office spaces for lease in a tranquil, wooded professional park.
      3653 Cortez Rd W 110, Bradenton, FL 34210
      View Details
    • $10,800 /Mo

      Wildewood Professional Park Office Space

      Office spaces for lease in Bradenton's Wildewood Professional Park.
      3661 Cortez Rd W 300, Bradenton, FL 34210
      View Details
    • $12,600 /Mo

      Wildewood Professional Park Office Space

      Office spaces for lease in Bradenton's Wildewood Professional Park.
      3659 Cortez Rd W 140, Bradenton, FL 34210
      View Details
    • $26,700

      Wildewood Professional Park Office Space

      Office spaces for lease in Bradenton's Wildewood Professional Park.
      3655 Cortez Rd W 120, Bradenton, FL 34210
      View Details
    • $19 SF/Yr
      100,000 SF

      Wildewood Professional Park Offices

      Bradenton, FL Office Suites Available
      3639 Cortez Rd, Bradenton, FL 34210
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5861 Cortez W Rd
    Bradenton, FL 34210-2704
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.