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Property profile & analytics
OFF-MARKET
Estimated value
$19,000,000
Community centers
8750 State Rd 70th E Bradenton, FL 34202-3720
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-5583988
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2002
Total area
49,180 SF
Lot
10.62 ac (462,520 SF)
Zoning code
PD-C
APN
17309.4071-9
UPID
US18-5583988
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
-
Goodwill Manasota Tech Connection Computer & Electronic Repair
-
Sandra Light Pharmacy
-
Goodwill Manasota - Retail Store & Donation Center Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$19.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.00M
Owner & transaction history
Core Ranch LLC · 1 yrs held
Core Ranch LLC
since 2024
Last sale
$19.0M
7 recorded transactions
Zoning & alternative use
PD-C · Bradenton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.5M
+862.9%
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
$19,000,000
ML approach
$19,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$11,530,000
Change: +863% · Conversion: Difficult
Blend value · Realmo final
$19.00M
Range $17.10M – $20.90M · ±10% · vs last sale $19.00M (Aug 20 2024)
Last sale anchor
$19.00M
Aug 20 2024
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
$386 / 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
$192,519
Tax year 2023
Assessed value
$12,488,052
Assessed 2023
Previous assessed
$11,883,625
+5.1% YoY
Effective rate
1.54%
On assessed value
Assessed land
$2,390,642
Assessed improvement
$10,097,410
Land market value
$2,390,642
Improvement market value
$10,097,410
Total market value
$12,488,052
Applied tax rate
310.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2002
Heating
NONE
Buildings
4
Stories
1
Units
21
Total area
49,180 SF
Lot
10.62 ac (462,520 SF)
Zoning code
PD-C
APN
17309.4071-9
UPID
US18-5583988
Jurisdiction
MANATEE
Zoning & alternative use
PD-C · Bradenton, FL
Zoning PD-C · permitted uses
PD-C · 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
RESTAURANT
Est. value
$11.5M
RESTAURANT
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
2002
Heating
NONE
Stories
1
Buildings
4
Units
21
Lot
10.62 ac
Current owner
From public records · entity-resolved
Core Ranch LLC
Entity
Mailing address
14502 N DL MABRY HWY STE #333, TAMPA, FL 33618-2043
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2024
$19,000,000
Core Ranch LLC
Ranch Lake Bradenton Limited Parthe
Warranty Deed
$11,400,000 · Vista Bank
Oct 29, 2014
$11,600,000
Ranch Lake Bradenton LP
Gemini R/e Ranch Lake LLC
Grant Deed
$9,000,000 · Keybank USA
Oct 5, 2011
$927,620
Gemini R/e Ranch Lake LLC
Gemini Ranch Lake 1 LLC
Grant Deed
related
—
Oct 5, 2011
$556,946
Gemini R/e Ranch Lake LLC
Gemini Ranch Lake 9 LLC
Grant Deed
related
—
Oct 5, 2011
$417,475
Gemini R/e Ranch Lake LLC
Gemini Ranch Lake 7 LLC
Grant Deed
related
—
Oct 5, 2011
$1,173,799
Gemini R/e Ranch Lake LLC
Gemini Ranch Lake LLC
Grant Deed
related
$9,500,000 · Ns Income Opportunity Reit Hol
Oct 5, 2011
$1,024,649
Gemini R/e Ranch Lake LLC
Gemini Ranch Lake 8 LLC
Grant Deed
related
—
Oct 5, 2011
$908,849
Gemini R/e Ranch Lake LLC
Gemini Ranch Lake 10 LLC
Grant Deed
related
—
Oct 5, 2011
$742,283
Gemini R/e Ranch Lake LLC
Gemini Ranch Lake 5 LLC
Grant Deed
related
—
Oct 5, 2011
$714,202
Gemini R/e Ranch Lake LLC
Gemini Ranch Lake 2 LLC
Grant Deed
related
—
Oct 5, 2011
$1,024,644
Gemini R/e Ranch Lake LLC
Gemini Ranch Lake 4 LLC
Grant Deed
related
—
Oct 5, 2011
$267,637
Gemini R/e Ranch Lake LLC
Gemini Ranch Lake 3 LLC
Grant Deed
related
—
Nov 8, 2004
$15,545,000
Gemini Ranch Lake LLC
Ranch Lake LLC
Grant Deed
related
$10,500 · Citigroup Global Markets Realt
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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