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

    616 67th St E Cir Bradenton, FL 34208-6087

    • Office buildings
    • 17,192 SF
    • 2.08 lot acres
    OFF-MARKET
    Last Sale
    Jul 10, 2024
    $4,400,000
    Value Estimations
    $4,400,000
    Show details
    Cap Rate Potential
    6.8%
    Office buildings
    Location Intelligence
    Property ID
    US18-6083059
    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

    • Manatee County Sheriff's Office - District 3 / Sheriff'S Department

    Property Details for 616 67th St E Cir

    Year built
    2004
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.08 lot acres
    Property size
    17,192 SF
    Zone code
    GC
    Property type
    Office buildings
    APN
    11089.0017-9
    APU
    1108900179

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,400,000
      ML approach
      $4,400,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,990,000
      6.5%
      $4,605,000
      7%
      $4,280,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,933,000
      Market price range: $2.18M - $5.76M
      AI Estimate
      $2,754,000
      Market price range: $1.62M - $4.92M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,515,000
      Current use
      RETAIL STORES
      $5,145,000
      Change: +14% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $5,130,000
      Change: +14% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $5,055,000
      Change: +12% Conversion: Easy
      COMMERCIAL (GENERAL)
      $4,070,000
      Change: -10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton
    County
    Manatee
    State
    Florida
    Longitude
    -82.4779
    Latitude
    27.4949
    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
    $34,343
    $596,900
    $1,613,777
    $2,210,677
    -
    $596,900
    $1,613,777
    $2,210,677

    Comparable in this City

    • Value Estimation by Request
      6,912 SF

      5214 4th Ave E Cir

      OFFICE BUILDING • 6,912 SF
      5214 4th Ave E Cir, Bradenton, FL 34208-5621
      View Details
    • Value Estimation by Request
      1,922 SF

      705 9th E St

      CONVENIENCE STORE (W/FUEL PUMP) • 1,922 SF
      705 9th E St, Bradenton, FL 34208-2043
      View Details
    • Value Estimation
      $4,875,000
      27,256 SF

      1112 Manatee E Ave

      OFFICE BUILDING (MULTI-STORY) • 27,256 SF
      1112 Manatee E Ave, Bradenton, FL 34208-2152
      View Details
    • Value Estimation
      $1,545,000
      9,900 SF

      3807 State Rd 64

      OFFICE BUILDING • 9,900 SF
      3807 State Rd 64, Bradenton, FL 34208-9041
      View Details
    • Value Estimation
      $1,075,000
      4,950 SF

      621 67th St Cir E Ste, Unit 101

      OFFICE BUILDING • 4,950 SF
      621 67th St Cir E Ste, Bradenton, FL 34208-6001
      View Details
    • Value Estimation
      $515,000
      1,744 SF

      209 6th Ave E Ste A

      OFFICE BUILDING • 1,744 SF
      209 6th Ave E Ste A, Bradenton, FL 34208-1904
      View Details

    Similar Nearby for Sale

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      Downtown Bradenton Office Building

      Pristine office building in rapidly expanding Downtown Bradenton urban district.
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      1,914 SF freestanding building on high-traffic commercial corridor.
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      Bradenton Investment Opportunity with Development Potential

      8,850 SF building with tenant, plus 1-acre development site.
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    • $495,728
      1,500 SF

      Mixed-Use Property in Bradenton, FL

      Multiuse unit with office and warehouse space, easy I-75 access.
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    • $695,000
      1,316 SF

      Bradenton Retail/Office Building on US 41

      Retail/office building on a corner lot with high traffic.
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    • $495,917
      1,500 SF

      Multiuse Unit with Office/Warehouse Space

      Flexible commercial unit with office and warehouse space, I-75 access.
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      View Details

    Similar Nearby for Lease

    • $29 SF/Yr
      2,917 SF

      High Visibility Building For Lease

      Entire building for lease in central location with EV charging.
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    • $24 SF/Yr
      5,853 SF

      Bradenton Medical Office Suite

      Prime Medical Office, Downtown Bradenton
      201 4Th Ave, Bradenton, FL 34208
      View Details
    • $26 SF/Yr
      1,602 SF

      Medical Office Space in Bradenton

      Medical office space for lease near Manatee Memorial Hospital.
      100 3Rd Avenue Dr West, Bradenton, FL 34208
      View Details
    • $8,300,000
      4,000 SF

      Medical/Office Space on State Road

      4,000 sq ft medical/office space for lease.
      5101 4Th Avenue Cir E, Bradenton, FL 34208
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    • $35 SF/Yr
      5,795 SF

      Medical Office Space Near Hospital

      Class A medical space available near Manatee Memorial Hospital.
      401 Manatee Ave E, Bradenton, FL 34208
      View Details
    • $735,000
      1,984 SF

      Medical/Office Building Near Hospital

      Stand-alone medical/office building near Manatee Memorial Hospital.
      410 4Th Ave East Bradenton, Bradenton, FL 34208
      View Details
    Request Owner's contact information
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    616 67th St E Cir
    Bradenton, FL 34208-6087
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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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