Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    291 Nassau Dr Palmetto, FL 34221

    Sponsored
    For Sale
    $50,000

    Land - PALMETTO, FL

    Lot size:
    0.07 Acres
    Days on Market:
    36
    Last Refresh:
    Jan 30 at 6:06 pm

    Property Features for 291 Nassau Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MHP1
    APN
    2925519609
    Pets allowed
    Cats OK, Dogs OK, Number Limit, Size Limit, Yes
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Expense value
    295
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Carmen Garcia Urgelles

    Keller Williams On the Water (941) 729-7400

    Listing agent Carmen Garcia Urgelles (941) 729-7400 License #3463343

    Listing date Dec 26, 2025

    MLS# A4676216 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

    Vacant Lot in 55+ Community

    This 45’ x 70’ vacant lot is located in Tropic Isles, a resident-owned 55+ waterfront community. The lot faces North, offering ideal light and breezes. Tropic Isles features resort-style amenities including a full-service marina and boat ramp, clubhouse, heated pool and spa, fitness center, shuffleboard, and a kayak launch. A calendar full of social activities is also available. The community is located minutes from downtown Palmetto, Bradenton, and Anna Maria Island beaches.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Dental Office Nail Salon Building Supply Accounting Firm Daycare Center Kitchen & Bath Wholesale Shop Department Store HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmetto
    County
    Manatee
    State
    Florida
    Longitude
    -82.597837
    Latitude
    27.526967

    Nearby Similar for Sale

    • $725,000
      Pending

      Versatile Palmetto Property with ADU

      Unique Palmetto duplex with ADU, studios, and income potential.
      1499 17Th St W, Palmetto, FL 34221
      View Details
    • $1,500,000
      3,946 SF

      Equestrian Center with 20-Stall Barn

      4.9-acre Palmetto horse ranch with Mediterranean home and guest cabin.
      9510 36Th Ave E, Palmetto, FL 34221
      View Details
    • $60,000
      0.02 Acres

      RV Lot in 55+ Community

      RV lot with shed in waterfront 55+ community.
      136 Bahia Dr, Palmetto, FL 34221
      View Details
    • $289,000
      0.03 Acres

      Riviera Dunes Marina Slip Available

      70' boat slip in a protected Florida marina.
      102 Riviera Dunes Way, Palmetto, FL 34221
      View Details
    • $62,500
      0.01 Acres

      RV Lot in Tropic Isles

      RV lot in 55+ waterfront community, Palmetto, Florida.
      63 Terra Ceia Dr, Palmetto, FL 34221
      View Details
    • $69,900
      0.06 Acres

      RV Lot in Waterfront Community

      Ready-to-go RV lot in 55+ waterfront community.
      62 Terra Ceia Dr, Palmetto, FL 34221
      View Details
    • $429,000
      Pending

      Palmetto Quadplex with Seller Financing

      Concrete block quadplex in Palmetto, Florida, with seller financing.
      116 12Th St W, Palmetto, FL 34221
      View Details
    • $90,000
      0.10 Acres

      Waterfront Lot in 55+ Community

      Canal-front lot with boat dock in Palmetto, Florida.
      251 Aloha Dr, Palmetto, FL 34221
      View Details
    • $250,000
      0.11 Acres

      Waterfront Lot in Palmetto, FL

      Oversized waterfront lot with direct canal access and new dock.
      196 Bimini Dr, Palmetto, FL 34221
      View Details
    • New
      $52,000
      Pending

      RV Lot in Active Community

      Cleared RV lot in 55+ waterfront community with amenities.
      39 Montego Dr, Palmetto, FL 34221
      View Details
    • $2,500,000
      12,668 SF

      Light Industrial Facility Near Port

      Meticulously maintained warehouse with office near major transportation routes.
      2200 Frog Echo Rd, Palmetto, FL 34221
      View Details
    • $1,400,000

      Renovated Building on US41/US19 Interchange

      Modernized freestanding building suitable for retail, restaurant, or offices.
      3966 S 41St St, Palmetto, FL 34221
      View Details

    FAQs

    What type of property is this?
    Land - Vacant lot in waterfront 55+ community with resort-style amenities.
    Where is this land located?
    The property is located at 291 Nassau Dr Palmetto, FL.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: - Vacant 45’ x 70’ lot ready for your custom home design.; - Located in Tropic Isles, a resident-owned 55+ waterfront community.; - Enjoy full-service marina and boat ramp access.
    (941) 729-7400
    Request Owner's contact information
    291 Nassau Dr Palmetto, FL 34221
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    291 Nassau Dr
    Palmetto, FL 34221
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    291 Nassau Dr Palmetto, FL 34221
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Carmen Garcia Urgelles
    Real Estate License ID: 3463343
    (941) 729-7400
    Learn more
    Google sign-in failed. Please try again or use another login method.