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    Property profile & analytics

    6310 Cortez W Rd Bradenton, FL 34210

    • Investment properties
    • 16,244 SF
    • 1.83 lot acres
    OFF-MARKET
    Last Sale
    Dec 16, 2021
    $3,000,000
    Value Estimations
    $3,635,000
    Show details
    Cap Rate Potential
    8%
    Investment properties
    Location Intelligence
    Property ID
    US18-3269775
    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

    • Investment properties

    Property Details for 6310 Cortez W Rd

    Year built
    2005
    Lot size
    1.83 lot acres
    Property size
    16,244 SF
    Zone code
    BR_SCC
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    51451.1010-9
    APU
    5145110109

    Description

    This exceptional retail opportunity is located at 6310 Cortez Rd W, Bradenton, FL 34210, within the Cortez West Shopping Center. The property boasts a total of 16,241 square feet, with 3,007 square feet currently available for lease. This space presents an excellent end-cap location offering superior frontage and visibility along the heavily trafficked Cortez Road. The property sits on 1.83 acres of land in Manatee County. The strategic location provides immediate proximity to a multitude of national retailers, creating a high-traffic environment and strong potential for customer draw. Nearby established businesses include Publix, Winn-Dixie, Walmart, Aldi, Dollar Tree, Marshall's, HomeGoods, Ulta, and Big Lots, ensuring a robust and diverse customer base. The multiple-tenancy nature of the shopping center provides a synergistic environment for businesses. This retail space is ideal for a variety of uses and presents a compelling opportunity for businesses seeking high visibility and a prime location in a thriving retail corridor. The available space offers significant potential for growth and success. Contact us today to learn more about this exceptional retail leasing opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,570,000
      ML approach
      $3,545,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,745,000
      6.5%
      $4,380,000
      7%
      $4,070,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,322,000
      Market price range: $2.23M - $5.94M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,845,000
      Current use
      RETAIL STORES
      $4,860,000
      Change: +26% Conversion: Easy
      AUTO REPAIR, GARAGE
      $4,845,000
      Change: +26% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $4,775,000
      Change: +24% Conversion: Moderate
      OFFICE BUILDING
      $4,055,000
      Change: +5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton
    County
    Manatee
    State
    Florida
    Longitude
    -82.6252
    Latitude
    27.4631
    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
    $47,309
    $757,281
    $1,749,850
    $2,507,131
    -
    $757,281
    $1,749,850
    $2,507,131

    Comparable in this City

    • Value Estimation
      $1,015,000
      7,794 SF

      7604 Cortez W Rd

      STORE/OFFICE (MIXED USE) • 7,794 SF
      7604 Cortez W Rd, Bradenton, FL 34210-2446
      View Details
    • Value Estimation
      $2,910,000
      24,114 SF

      9516 Cortez Rd Wn2

      STORE/OFFICE (MIXED USE) • 24,114 SF
      9516 Cortez Rd Wn2, Bradenton, FL 34210-1800
      View Details
    • Value Estimation
      $3,150,000
      24,000 SF

      3517 53rd W Ave

      STORE/OFFICE (MIXED USE) • 24,000 SF
      3517 53rd W Ave, Bradenton, FL 34210-3489
      View Details
    • Value Estimation
      $1,495,000
      9,100 SF

      3405 Cortez W Rd

      STORE/OFFICE (MIXED USE) • 9,100 SF
      3405 Cortez W Rd, Bradenton, FL 34210-3102
      View Details
    • Value Estimation
      $1,810,000
      13,780 SF

      7004 Cortez W Rd

      STORE/OFFICE (MIXED USE) • 13,780 SF
      7004 Cortez W Rd, Bradenton, FL 34210-2508
      View Details
    • Value Estimation
      $2,800,000
      15,160 SF

      3425 53rd W Ave

      STORE/OFFICE (MIXED USE) • 15,160 SF
      3425 53rd W Ave, Bradenton, FL 34210-3490
      View Details

    Similar Nearby for Sale

    • $1,365,000
      1,820 SF

      Bradenton Take 5 Oil Change

      Net Lease Auto Shop Investment
      5202 Cortez Rd, Bradenton, FL 34210
      View Details
    • $1,095,000
      2,204 SF

      Renovated Duplex Near Anna Maria Island

      Income-producing duplex near beaches, shopping, dining, and entertainment.
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    • $950,000

      Prime West Bradenton Development Site

      Exceptional development or investment opportunity on Cortez Road.
      5910 Cortez Rd West, Bradenton, FL 34210
      View Details
    • $775,000
      0.37 Acres

      Auto Repair Business Opportunity

      Long-standing auto repair business in high-visibility location near Anna Maria Island.
      10205 Cortez Rd W, Bradenton, FL 34210
      View Details
    • New
      $130,000
      0.02 Acres

      Bradenton Land in Paradise Bay

      Vacant lot in a vibrant +55 co-op community.
      10315 Cortez Rd W, Bradenton, FL 34210
      View Details
    • New
      $669,000
      0.21 Acres

      Waterfront Lot in Bradenton, FL

      Cleared, build-ready waterfront lot with new seawall and boating access.
      4007 100Th St W, Bradenton, FL 34210
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      6,684 SF

      3701 Cortez Rd

      Office space • 6,684 SF
      3701 Cortez Rd, Bradenton, FL 34210
      View Details
    • Contact for pricing
      2,400 SF

      Grocery Anchored Retail Center

      Retail spaces available in grocery-anchored center at a major intersection.
      5502-5726 W Cortez Rd, Bradenton, FL 34210
      View Details
    • $26,700

      Wildewood Professional Park Office Space

      Office spaces for lease in Bradenton's Wildewood Professional Park.
      3655 Cortez Rd W 120, Bradenton, FL 34210
      View Details
    • $19 SF/Yr
      100,000 SF

      Wildewood Professional Park Offices

      Bradenton, FL Office Suites Available
      3639 Cortez Rd, Bradenton, FL 34210
      View Details
    • $12 SF/Yr
      2,300 SF

      Bradenton Retail/Medical Space Available

      Retail or medical space with plumbing on Cortez Rd W.
      3915 W Cortez Rd, Bradenton, FL 34210
      View Details
    • Contact for pricing
      8,500 SF

      Grocery-Anchored Retail Space Available

      Retail spaces available in grocery-anchored center at a prime location.
      5502-5522 Cortez Rd W, Bradenton, FL 34210
      View Details
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    6310 Cortez W Rd
    Bradenton, FL 34210
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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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