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    Property profile & analytics

    8604 State Rd 70th E Bradenton, FL 34202-3785

    • Grocery and convenience stores
    • 3,610 SF
    • 1.38 lot acres
    OFF-MARKET
    Last Sale
    Jul 14, 2022
    Value Estimations
    $390,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4819478
    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

    • Speedway / Convenience Store / Gas Station
    • KeyMe Locksmiths / Key Duplication Service / Emergency Locksmith Service
    • LibertyX Bitcoin ATM / Atm

    Property Details for 8604 State Rd 70th E

    Year built
    1999
    Lot size
    1.38 lot acres
    Property size
    3,610 SF
    Zone code
    PD-C
    Property type
    Grocery and convenience stores
    APN
    17309.4060-9
    APU
    1730940609

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $618,000
      Market price range: $337k - $764k

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

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton
    County
    Manatee
    State
    Florida
    Longitude
    -82.4521
    Latitude
    27.4381
    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
    $18,664
    $701,250
    $524,824
    $1,226,074
    -
    $701,250
    $524,824
    $1,226,074

    Comparable in this City

    • Value Estimation
      $465,000
      3,080 SF

      11805 State Rd 70th E

      CONVENIENCE STORE • 3,080 SF
      11805 State Rd 70th E, Lakewood Ranch, FL 34202-9409
      View Details
    • Value Estimation
      $330,000
      2,067 SF

      9135 Town Ctr Pkwy

      CONVENIENCE STORE (W/FUEL PUMP) • 2,067 SF
      9135 Town Ctr Pkwy, Lakewood Ranch, FL 34202-5141
      View Details
    • Value Estimation
      $420,000
      4,860 SF

      14315 State Rd 70th E

      CONVENIENCE STORE • 4,860 SF
      14315 State Rd 70th E, Lakewood Ranch, FL 34202-9417
      View Details
    • Value Estimation by Request
      1,857 SF

      8209 Natures Way

      Individual retail properties • 1,857 SF
      8209 Natures Way, Bradenton, FL 34202
      View Details
    • Value Estimation
      $400,000
      5,584 SF

      14510 State Rd 70th E

      CONVENIENCE STORE • 5,584 SF
      14510 State Rd 70th E, Lakewood Ranch, FL 34202-8412
      View Details
    • Value Estimation
      $305,000
      1,170 SF

      5760 Rnch Lk Blvd

      CONVENIENCE STORE • 1,170 SF
      5760 Rnch Lk Blvd, Bradenton, FL 34202-3709
      View Details

    Similar Nearby for Sale

    • $900,000
      2,002 SF

      San Marco Plaza Retail Unit

      Corner retail unit in pristine condition with ample parking.
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    • $900,000
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      Lakewood Ranch Retail Opportunity

      Prime Vacant Retail Space, 2,002 SF
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    • $5,000,000
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      Bradenton Medical Office Investment Opportunity

      Two-story medical office building with four tenants near State Road 70.
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    • $1,500,000
      1.16 Acres

      Waterfront Land in Gated Community

      Rare 1.16-acre waterfront homesite in The Concession.
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    Similar Nearby for Lease

    • $32 SF/Yr
      1,215 SF

      Retail/Office Space in Lakewood Ranch

      Versatile space ideal for retail or office use.
      9114 Town Center Pkwy, Lakewood Ranch, FL 34202
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    • $24 SF/Yr
      17,686 SF

      Lakewood Ranch Office Space for Lease

      Prime Office Suites, Abundant Parking, Great Location
      8433 Enterprise Cir, Lakewood Ranch, FL 34202
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    • $31 SF/Yr
      17,292 SF

      Modern Lakewood Ranch Office Space

      Prime office/medical space in a sought-after Lakewood Ranch location.
      11509 Palmbrush Trl, Lakewood Ranch, FL 34202
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    • $24 SF/Yr
      4,261 SF

      Bradenton Office Space For Rent

      Office space available for lease in Bradenton, Florida.
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    • $60 SF/Yr
      16,846 SF

      Lakewood Ranch Executive Suites

      Prime Office Space, Lakewood Ranch
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    • $24 SF/Yr
      3,956 SF

      Lakewood Ranch Office Space Available

      Office space for lease in Lakewood Ranch, move-in ready.
      9021-9027 Town Center Pkwy, Lakewood Ranch, FL 34202
      View Details
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    8604 State Rd 70th E
    Bradenton, FL 34202-3785
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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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