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    9516 Cortez Rd Wn2 Bradenton, FL 34210-1800

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    9516 Cortez Rd Wn2 Bradenton, FL 34210-1800

    View on Map
    • Investment properties
    • 24,114 SF
    • 2.41 lot acres
    Off-Market
    Property ID
    US18-5138597
    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.
    Value Estimations
    $2,910,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Judy's Restaurant / Restaurant
    • The Grappling Academy Bradenton / Training Center / Sports School
    • Cortez Ace Hardware / Building Supply / Hardware & Home Improvement
    • American Lock & Key / Locksmith
    • A Hair Day Salon & Spa LLC / Spa & Massage Center

    Property Details for 9516 Cortez Rd Wn2

    Year built
    1978
    Lot size
    2.41 lot acres
    Property size
    24,114 SF
    Zone code
    PD-R
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    76558.0001-4
    APU
    7655800014

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,788,000
      Market price range: $3.31M - $8.81M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton
    County
    Manatee
    State
    Florida
    Longitude
    -82.6601
    Latitude
    27.4607
    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
    $33,519
    $772,899
    $1,424,807
    $2,197,706
    -
    $772,899
    $1,424,807
    $2,197,706

    Comparable in this City

    • 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
      $1,015,000
      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
      $2,135,000
      18,693 SF

      5942 34th W St

      STORE/OFFICE (MIXED USE) • 18,693 SF
      5942 34th W St, Bradenton, FL 34210-3683
      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

    • $120,000
      592 SF

      Office Space in Bradenton, FL

      Office space in a high-traffic area near amenities.
      4012 Cortez Rd Rd W, Bradenton, FL 34210
      View Details
    • $775,000

      Auto Repair Business Opportunity

      Auto repair business in high-visibility location near Anna Maria Island.
      10205 Cortez Rd W, Bradenton, FL 34210
      View Details
    • Contact for pricing
      1 SF

      Prime Corner Location on Cortez

      High-visibility commercial land on a major corridor near beaches.
      10601-10611 Cortez Rd W, Bradenton, FL 34210
      View Details
    • $145,000
      0.04 Acres

      Vacant Lot in Paradise Bay

      Vacant lot in active 55+ community near Anna Maria Island.
      10315 Cortez Rd W, Bradenton, FL 34210
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Office Building For Lease

      6,684 sq ft office building in Wildewood Springs.
      3701 Cortez Rd W, Bradenton, FL 34210
      View Details
    • Contact for pricing

      Retail Space on Cortez Road

      Retail space in high-traffic area near major developments.
      5210 Cortez Rd W, Bradenton, FL 34210
      View Details
    • $28 SF/Yr
      9,504 SF

      Retail Space in Bradenton Center

      Retail spaces for lease in a Publix-anchored shopping center.
      4601 W Cortez Rd, Bradenton, FL 34210
      View Details
    • Contact for pricing

      Retail Space in Remodeled Center

      Retail space available in a newly remodeled shopping center.
      5502 Cortez Rd W, Bradenton, FL 34210
      View Details
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    Bradenton, FL 34210-1800
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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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