Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1001 Riverside Dr Palmetto, FL 34221

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Renovated office space with river views in Palmetto, Florida.

    Type:Office
    Added:
    Apr 29, 2020
    Days on Market:
    2181
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 1001 Riverside Dr

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1984

    Spaces For Lease

    at 1001 Riverside Dr Contact us

    Suite J $68 /Mo

    Size
    218 SF
    Type
    Office
    Contact us

    Suite A $74 /Mo

    Size
    210 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Benjamin Bakker

    Listing agent Benjamin Bakker License #FL 3279071

    Listing office NDC Commercial Real Estate

    Listing date Apr 29, 2020

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NDC Commercial Real Estate

    Overview

    Riverfront Office Space Available

    This riverfront office space offers a spacious and functional floorplan. The property has been recently renovated from top to bottom. High ceilings and tile floors contribute to the Class A presentation. The office is located at the main entrance of the Regatta Pointe Marina Club on the Manatee River in historic downtown Palmetto, Florida.
    Location Intelligence

    Current Use by Public Records

    Strategic Radiology Physician Martinez MicropigmentationLLC (Bike/Boat/Book/etc) Store The Styled Bride Wedding Service Vertical Chiropractic Alternative Medicine Practice Coastal Tide Construction Construction Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmetto
    County
    Manatee
    State
    Florida
    Longitude
    -82.5755517
    Latitude
    27.5118998

    Nearby Similar for Lease

    • $2.00/mo

      Retail/Office Unit on 8th Avenue

      Highly visible retail/office unit with front and rear access.
      835 8TH Ave W, Palmetto, FL 34221
      View Details
    • $18/mo

      Stand Alone Building For Lease

      Stand-alone building suitable for office, medical, or retail use.
      1331 10th St E, Palmetto, FL
      View Details
    • $17/mo

      Retail Space Available for Lease

      Retail/office space available for lease with great signage.
      937 10th St E, Palmetto, FL
      View Details
    • $48,000/mo

      Retail Space For Rent

      Retail space available for lease in Palmetto, Florida.
      10305 US HIGHWAY 41 N, PALMETTO, FL 34221
      View Details
    • Contact for pricing

      Renovated Building on US41/US19 Interchange

      Modernized freestanding building suitable for retail, restaurant, or offices.
      3966 U.S. 41, Palmetto, FL
      View Details
    • Contact for pricing

      Resort Retail Space Available

      Retail spaces and pads for lease in Marriott Resort Hotel.
      650 US Hwy 41 N, Palmetto, FL
      View Details
    • Contact for pricing

      Resort Retail Space Available

      Retail spaces and pads for lease in Marriott Resort Hotel.
      600 US Hwy 41 N, Palmetto, FL
      View Details
    • Contact for pricing

      Palmetto Retail/Flex Space Available

      Versatile 2,240 SF retail/flex space in Palmetto, Florida.
      925 10th St E, Palmetto, FL 34221
      View Details
    • $20/mo

      Retail Space in Palmetto, FL

      Freestanding retail building in a high-traffic area for lease.
      1210 St E, Palmetto, FL
      View Details
    • Contact for pricing

      Retail Space in Palmetto

      Freestanding retail building in a rapidly developing area.
      1210 10th St E, Palmetto, FL 34221
      View Details

    FAQs

    What type of property is this?
    Office units - Renovated office space with river views in Palmetto, Florida.
    Where is this office units located?
    The property is located at 1001 Riverside Dr Palmetto, FL.
    What are key features of this property?
    This property features: Riverfront office space with **stunning views of the Manatee River.**; **Recently renovated from top to bottom.**; Located at the main entrance of Regatta Pointe Marina Club.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Benjamin Bakker
    Real Estate License ID: FL 3279071
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!