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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5959 State Rd 64 Bradenton, FL 34208-6201

    • Gas stations
    • 59,109 SF
    • 12.91 lot acres
    OFF-MARKET
    Value Estimations
    $15,260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7653383
    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

    • GETTEL Toyota of Lakewood / Car Dealership

    Property Details for 5959 State Rd 64

    Year built
    2011
    Lot size
    12.91 lot acres
    Property size
    59,109 SF
    Zone code
    PD-MU
    Property type
    Gas stations
    APN
    11113.0075-9
    APU
    1111300759

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $17,303,000
      Market price range: $6.25M - $17.3M
      AI Estimate
      $13,211,000
      Market price range: $3.27M - $13.3M

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $11,100,000
      Current use
      RETAIL STORES
      $17,690,000
      Change: +59% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $17,630,000
      Change: +59% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $17,370,000
      Change: +56% Conversion: Difficult
      OFFICE BUILDING
      $15,520,000
      Change: +40% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $13,990,000
      Change: +26% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton
    County
    Manatee
    State
    Florida
    Longitude
    -82.4857
    Latitude
    27.4953
    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
    $217,250
    $4,243,987
    $10,868,622
    $15,112,609
    -
    $4,243,987
    $10,868,622
    $15,112,609

    Comparable in this City

    • Value Estimation
      $5,030,000
      30,304 SF

      5921 State Rd 64

      SERVICE STATION (FULL SERVICE) • 30,304 SF
      5921 State Rd 64, Bradenton, FL 34208-6201
      View Details
    • Value Estimation
      $740,000
      3,500 SF

      2900 1st W St

      SERVICE STATION (FULL SERVICE) • 3,500 SF
      2900 1st W St, Bradenton, FL 34208-3839
      View Details
    • Value Estimation
      $1,965,000
      20,000 SF

      2503 1st E St

      SERVICE STATION (FULL SERVICE) • 20,000 SF
      2503 1st E St, Bradenton, FL 34208-3659
      View Details
    • Value Estimation by Request
      552 SF

      3603 15th E St

      SERVICE STATION (FULL SERVICE) • 552 SF
      3603 15th E St, Bradenton, FL 34208-4617
      View Details
    • Value Estimation
      $650,000
      3,040 SF

      2601 1st E St

      SERVICE STATION (FULL SERVICE) • 3,040 SF
      2601 1st E St, Bradenton, FL 34208-3856
      View Details
    • Value Estimation by Request
      0.38 Acres

      306 4th E St

      PARKING LOT • 0.38 Acres
      306 4th E St, Bradenton, FL 34208
      View Details

    Similar Nearby for Sale

    • $649,000
      1,161 SF

      State Road 64 Retail Redevelopment

      Bradenton, FL development opportunity. High-traffic location.
      1127 Manatee Ave, Bradenton, FL 34208
      View Details
    • $1,500,000

      Auto Shop on US Hwy

      Auto shop with frontage on US Hwy 41/301 for sale.
      1116 1St St W, Bradenton, FL 34208
      View Details
    • $695,000
      1,316 SF

      Bradenton Retail/Office Building on US 41

      Retail/office building on a corner lot with high traffic.
      1003 E 1St St, Bradenton, FL 34208
      View Details
    • $1,500,000
      5,109 SF

      Retail - BRADENTON, FL

      Income-producing strip mall in established, growing Bradenton area.
      3020 15Th St E, Bradenton, FL 34208
      View Details
    • New
      $849,000
      2,400 SF

      Turnkey Restaurant in Bradenton, FL

      High-visibility restaurant with transferable liquor license in high-traffic area.
      515 27Th St E, Bradenton, FL 34208
      View Details
    • $695,000

      Bradenton Retail/Office Building on US 41

      Retail/office building on a corner lot with high traffic.
      1003 1St St E, Bradenton, FL 34208
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,760 SF

      Retail Space in Bradenton, FL

      Retail space available for rent in Bradenton, Florida.
      909 1St St, Bradenton, FL 34208
      View Details
    • Contact for pricing
      1,200 SF

      Magic Mile Retail Space Available

      Retail space in busy strip mall with high visibility.
      1303-5215 W 14Th St, Bradenton, FL 34208
      View Details
    • 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
    • Contact for pricing
      12,798 SF

      Retail Space in Bradenton, FL

      Retail space available in a high-demand shopping center.
      3611 1St St E, Bradenton, FL 34208
      View Details
    • Contact for pricing
      160,618 SF

      Palmetto Industrial Park - Building 1

      Modern Manufacturing Space Available
      810 17Th St, Bradenton, FL 34208
      View Details
    • $195,230

      New Bradenton Office Suites

      Under construction office suites in prime Bradenton location.
      201 5Th Avenue Dr E, Bradenton, FL 34208
      View Details
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    5959 State Rd 64
    Bradenton, FL 34208-6201
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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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