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    Property profile & analytics

    5902 Manatee W Ave Bradenton, FL 34209-2415

    • Investment properties
    • 7,200 SF
    • 0.81 lot acres
    OFF-MARKET
    Value Estimations
    $940,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5370375
    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

    • Barbara Keogh @Backstreet Hair Designers / Hair Salon
    • Yvonne Nails and Spa / Nail Salon
    • Backstreet Hair Designers / Hair Salon

    Property Details for 5902 Manatee W Ave

    Year built
    1960
    Lot size
    0.81 lot acres
    Property size
    7,200 SF
    Zone code
    GC
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    37507.0000-1
    APU
    3750700001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,119,000
      Market price range: $988k - $2.63M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton
    County
    Manatee
    State
    Florida
    Longitude
    -82.6211
    Latitude
    27.4964
    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
    $10,278
    $434,013
    $242,847
    $676,860
    -
    $434,013
    $242,847
    $676,860

    Comparable in this City

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      $2,345,000
      18,212 SF

      501 Vlg Grn Pkwy Ste, Unit 1

      STORE/OFFICE (MIXED USE) • 18,212 SF
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      View Details
    • Value Estimation
      $905,000
      3,287 SF

      4308 75th W St

      STORE/OFFICE (MIXED USE) • 3,287 SF
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    • Value Estimation by Request
      1,348 SF

      4230 59th W St

      STORE/OFFICE (MIXED USE) • 1,348 SF
      4230 59th W St, Bradenton, FL 34209-6664
      View Details
    • Value Estimation
      $4,070,000
      29,666 SF

      5917 Manatee W Ave

      STORE/OFFICE (MIXED USE) • 29,666 SF
      5917 Manatee W Ave, Bradenton, FL 34209-2407
      View Details
    • Value Estimation
      $855,000
      5,704 SF

      5120 Manatee W Ave

      STORE/OFFICE (MIXED USE) • 5,704 SF
      5120 Manatee W Ave, Bradenton, FL 34209-3702
      View Details
    • Value Estimation
      $1,735,000
      6,410 SF

      5783 Manatee Ave W Ste, Unit 101

      STORE/OFFICE (MIXED USE) • 6,410 SF
      5783 Manatee Ave W Ste, Bradenton, FL 34209-2543
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Chipotle with Drive-Thru For Sale

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      Two-unit medical facility with long-term tenants near HCA Florida.
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      Waterfront Lot on Palma Sola

      0.38-acre waterfront lot with 126 feet on Palma Sola Bay.
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      Cleared Lot in Bradenton Neighborhood

      Cleared lot in sought-after Bradenton neighborhood, close to beaches.
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      Turn-Key Short-Term Rental Opportunity

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    Similar Nearby for Lease

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      3,512 SF

      Medical Office Space Available

      Multi-tenanted property near Blake Hospital with various suite sizes.
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      Move-in ready medical office suite near Blake Hospital.
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    • $30 SF/Yr
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      Turn-Key Office Space Available

      Newly renovated office space with natural light and private offices.
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    • $25 SF/Yr
      22,180 SF

      Manatee Ave Retail Center Opportunity

      Prime renovated office space, 5,500-11,000 sq ft.
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    • Contact for pricing
      88,558 SF

      Beachway Plaza Retail Space

      Bradenton, FL retail opportunity. Prime location.
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    • $25 SF/Yr
      42,131 SF

      High Visibility Retail Plaza Available

      Retail/office plaza with high traffic and visibility on Manatee Avenue.
      7421 Manatee Ave West, Bradenton, FL 34209
      View Details
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    5902 Manatee W Ave
    Bradenton, FL 34209-2415
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    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
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