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    The Largest CRE Database in the US with Over 1 Million Listings

    1499 17Th St W Palmetto, FL 34221

    Sponsored
    For Sale
    Pending
    $725,000

    Duplex - PALMETTO, FL

    Type:Duplex
    Property size:
    5,132 SF
    Lot size:
    0.89 Acres
    Days on Market:
    53
    Last Refresh:
    Feb 1 at 3:06 pm

    Property Features for 1499 17Th St W

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Pending
    Zoning
    RS1
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    2799810309
    Parking features
    Boat, Covered, Driveway, Garage, Guest, Off Street, Oversized, RV, Workshop
    Pets allowed
    Cats OK, Dogs OK
    Interior features
    Ceiling Fans(s), Eat-in Kitchen, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Thermostat
    Exterior features
    Garden, Private Mailbox, Storage
    Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    Size
    5,132 SF
    Lot size
    0.89 Acres

    Utilities

    Heating system
    Central, Ductless (Heating), Electric (Heating)
    Cooling system
    Attic Fan, Central Air, Ductless, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1975
    Number of units
    4
    Flooring type
    Carpet, Laminate, Tile
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Patrick Brogley
    Patrick Brogley

    Keller Williams on the Water Sarasota (941) 803-7522

    Listing agent Patrick Brogley (941) 803-7522 License #3360491

    Listing date Dec 11, 2025

    MLS# A4673311 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Versatile Palmetto Property with ADU

    This versatile property, located in Palmetto, is designed for multi-generational living or rental income. The duplex features multiple separate living areas, each updated and full of character. The property includes a 1,200 sq ft ADU with a private entrance, in addition to three other units. The main unit features new vinyl flooring, a spacious living room, and an updated kitchen renovated in 2022. The kitchen includes new cabinetry with soft-close doors and drawers, a 100-year-old porcelain farmhouse sink, a Zelline gas stove, butcher block accents, and a 5’ x 10’ birch wood island. A new dishwasher was installed in November 2025. There is also a generously sized storage room cooled by a window unit. The second unit offers a private entrance, new tile flooring, stainless steel appliances, and subway tile in the bathroom. Additional flexible spaces include an efficiency studio with a kitchenette, full bathroom, and Murphy bed, plus a finished studio attached to the oversized garage, complete with its own bathroom and mini-split A/C, previously used as a commercial kitchen. The large garage features a 20-foot door, a workshop area, interior storage rooms, and a shared laundry area. Structural and mechanical upgrades include a new roof (2025), two A/C units less than three years old, and a Tesla solar system with upgraded inverters, two batteries, and a 15-year transferable warranty. Outdoors, there is an 8-foot privacy-fenced patio, fruit trees, relaxation areas, and shaded nooks. The 0.89-acre lot has a breezeway for extra storage, and includes a zero-turn Toro mower. The location is near the Manatee County Fairgrounds, Palmetto High School, Lincoln Middle School, Snead Island, marinas, parks, historic sites, shopping, dining, and the waterfront.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Slow Foods Kitchen, ... Food Manufacturer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palmetto
    County
    Manatee
    State
    Florida
    Longitude
    -82.582806
    Latitude
    27.528149

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    FAQs

    What type of property is this?
    Quadplex - Unique Palmetto duplex with ADU, studios, and income potential.
    Where is this quadplex located?
    The property is located at 1499 17Th St W Palmetto, FL.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: - Versatile property with multi-generational living or rental income potential featuring multiple separate living areas and a 1,200 sq ft ADU.; - Tesla solar system with upgraded inverters, two batteries, and a 15-year transferable warranty for low electric costs and energy efficiency.; - Updated main unit kitchen (renovated in 2022) features new cabinetry, 100-year-old porcelain farmhouse sink, Zelline gas stove, butcher block accents, and a 5’ x 10’ birch wood island.
    (941) 361-9031
    Request Owner's contact information
    1499 17Th St W Palmetto, FL 34221
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    Palmetto, FL 34221
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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
    1499 17Th St W Palmetto, FL 34221
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    We can help!
    Listing Contact
    Patrick Brogley
    Patrick Brogley
    Real Estate License ID: 3360491
    (941) 361-9031
    Learn more
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