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Property profile & analytics
OFF-MARKET
Estimated value
$9,755,000
Assisted living facilities
6305 Cortez W Rd Bradenton, FL 34210-2604
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-5017799
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1999
Construction
TYPE NOT SPECIFIED
Total area
47,974 SF
Lot
5.01 ac (218,018 SF)
Zoning code
BR_SCC
APN
51815.0015-7
UPID
US18-5017799
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
-
Joel Pung, RPT Medical Clinic
-
Alvin Angelo J. Villarante, PT Medical Clinic
-
Aspire at Palma Sola Bay Medical Center Nursing Home
-
Jill Marmo Physician
-
Jennifer Ricci Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.76M
Owner & transaction history
6305 Cortez Rd W Fl Owner LLC · 2 yrs held
6305 Cortez Rd W Fl Owner LLC
since 2023
Last sale
$9.9M
7 recorded transactions
Zoning & alternative use
BR_SCC · Bradenton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.3M
+579.8%
Office building
$10.9M
+559.9%
Industrial (general)
$8.1M
+386.6%
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
$8,105,000
ML approach
$9,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$11,250,000
Change: +580% · Conversion: Difficult
OFFICE BUILDING
$10,920,000
Change: +560% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,050,000
Change: +387% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,745,000
Change: +368% · Conversion: Difficult
Blend value · Realmo final
$9.76M
Range $8.78M – $10.73M · ±10% · vs last sale $9.88M (Nov 3 2023)
Last sale anchor
$9.88M
Nov 3 2023
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
$203 / 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
$142,674
Tax year 2023
Assessed value
$7,643,540
Assessed 2023
Previous assessed
$7,368,826
+3.7% YoY
Effective rate
1.87%
On assessed value
Assessed land
$1,557,598
Assessed improvement
$6,085,942
Land market value
$1,557,598
Improvement market value
$6,085,942
Total market value
$7,643,540
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1999
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
YES
Stories
1
Units
105
Total area
47,974 SF
Lot
5.01 ac (218,018 SF)
Zoning code
BR_SCC
APN
51815.0015-7
UPID
US18-5017799
Jurisdiction
MANATEE
Zoning & alternative use
BR_SCC · Bradenton, FLZoning BR_SCC · permitted uses
BR_SCC · Bradenton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$11.3M
OFFICE BUILDING
Est. value
$10.9M
INDUSTRIAL (GENERAL)
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$7.7M
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1999
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Units
105
Lot
5.01 ac
Current owner
From public records · entity-resolved
6305 Cortez Rd W Fl Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
885 3RD AVE FL, NEW YORK, NY 10022-4834
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2023
$9,875,559
6305 Cortez Rd W Fl Owner LLC
Fc Encore Bradenton LLC
Special Warranty Deed
—
Jul 28, 2016
—
Fc Encore Bradenton LLC
—
Deed
related
$12,026,000 · Keybank USA
Jul 26, 2016
$14,681,200
Fc Encore Bradenton LLC
Fc Encore Core Properties LLC
Grant Deed
—
Jul 26, 2016
—
Fc Encore Bradenton LLC
—
Deed
related
$12,026,000 · Keybank USA
Oct 23, 2006
—
Formation Portfolio I LLC
Formation Properties I LLC
Quit Claim Deed
—
Sep 28, 2006
—
Diamond Senior Living I LLC
Owner,record
Grant Deed
related
—
Aug 10, 2004
—
Formation Properties I LLC
—
Deed Of Trust
related
$200,000,000 · General Electric Capital Corp
Jan 15, 2002
$4,115,700
Formation Properties LLC
Bmo Global Capital Solutions
Grant Deed
$100,000,000 · Salomon Brothers Realty Ttee
—
—
Fc Encore Core Properties LLC
—
Deed Of Trust
related
$479,000,000 · Keybank USA
—
—
Fc Encore Bradenton LLC
—
Loan Modification
related
$12,026,000 · Keybank USA
—
—
Fc Encore Bradenton LLC
—
Loan Modification
related
$12,026,000 · Keybank USA
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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