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Property profile & analytics
OFF-MARKET
Estimated value
$47,175,000
Apartment buildings
606 3rd W Ave Bradenton, FL 34205-8675
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-0505513
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2015
Total area
320,523 SF
Lot
3.48 ac (151,589 SF)
Zoning code
BR_FBC,BR_T5
APN
32490.0150-9
UPID
US18-0505513
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
-
Mosaic Riverwalk Amphitheater Theater & Performing Art Venue Music Venue
-
E.C. Services LLC Law Firm
-
Riversong Apartments Apartment Complex Real Estate Agency
-
Riverwalk Parabolic Dishes Resort
-
Sound Dishes Sculpture
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$59.67M
Comparable Approach
Comparable
$38.24M
Blend (final)
Blend
$47.18M
Owner & transaction history
Bradenton Riversong Multifamily Dst · 8 yrs held
Bradenton Riversong Multifamily Dst
since 2018
7 recorded transactions
Zoning & alternative use
BR_FBC,BR_T5 · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$64,640,000
6.5%
$59,665,000
7%
$55,405,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$75,860,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$47.18M
Range $42.46M – $51.89M · ±10%
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
$147 / 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
$665,634
Tax year 2023
Assessed value
$33,504,128
Assessed 2023
Previous assessed
$29,761,988
+12.6% YoY
Effective rate
1.99%
On assessed value
Assessed land
$4,260,200
Assessed improvement
$29,243,928
Land market value
$4,260,200
Improvement market value
$29,243,928
Total market value
$33,504,128
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2015
Heating
NONE
Stories
1
Units
179
Total area
320,523 SF
Lot
3.48 ac (151,589 SF)
Zoning code
BR_FBC,BR_T5
APN
32490.0150-9
UPID
US18-0505513
Jurisdiction
MANATEE
Zoning & alternative use
BR_FBC,BR_T5 · Bradenton, FL
Zoning BR_FBC,BR_T5 · permitted uses
BR_FBC,BR_T5 · 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
COMMERCIAL (GENERAL)
Est. value
$75.9M
COMMERCIAL (GENERAL)
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
2015
Heating
NONE
Stories
1
Units
179
Lot
3.48 ac
Current owner
From public records · entity-resolved
Bradenton Riversong Multifamily Dst
Individual
Mailing address
2901 BUTTERFIELD RD, OAK BROOK, IL 60523-1106
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2018
$33,000,000
Bradenton Riversong Multifamily Dst
Bw Riversong LLC
Special Warranty Deed
$19,800,000 · Pnc Bank NA
Jun 4, 2018
—
Bradenton,riversong Multifamil Trust
—
Deed
related
$39,600,000 · Pnc Bk
Jul 24, 2015
$31,500,000
Bw Riversong LLC
Riverwalk Bradenton LLC
Grant Deed
related
$25,600,000 · Nxt Cap
Nov 26, 2013
$2,350,000
Riverwalk Bradenton LLC
Ncb Holdings INC
Grant Deed
$18,700,000 · First Tennessee Bank National
Feb 28, 2013
$2,000,000
Ncb Holdings INC
Redus Florida Land LLC
Special Warranty Deed
$900,000 · Private Bank Of Buckhead
May 24, 2011
$7,350,000
Promenade Bradenton LLC
Wci Oreo LLC
Quit Claim Deed
related
$4,410,000 · First Fsb Florida
Dec 21, 2010
$80,100
Wci Oreo LLC
Promenade At Riverwalk Coc
Trustees Deed
—
Sep 30, 2004
$2,600,000
Promenade At Riverwalk II LLC
Bradenton Riverfront Ptrs LLC
Warranty Deed
$28,070,000 · Southtrust Bank NA
Sep 30, 2004
—
Bradenton Riverfronte Ptrs LLC
City Of Bradenton
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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