Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land on US Hwy 301 Title is generated by Realmo AI

    12345 PARRISH CEMETARY ROAD, Parrish, FL 34219

    View on Map
    Claim this Listing
    For Sale
    $3,500,000

    Land available east of US Hwy 301 in Parrish.

    Type:Land
    Added:
    Jul 4, 2023
    Days on Market:
    1066
    Last Refresh:
    Mar 16 at 8:59 am

    Property Features for 12345 PARRISH CEMETARY ROAD

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Barbara Mollanazar

    Listing agent Barbara Mollanazar License #0605141

    Listing office RE/MAX ALLIANCE GROUP

    Listing date Jul 4, 2023

    Source Evrealestate

    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 RE/MAX ALLIANCE GROUP

    HighLights

    • Located in Manatee County
    • Situated on Parrish Cemetery Rd, on the South Side of the road
    • East of 10th St East Palmetto
    • Accessible from US Hwy 301
    • East on 10th St

    Overview

    Located east of US Hwy 301 (10th St East Palmetto) until Parrish Cemetery Rd, this land is situated on the south side of the road in Manatee County. The property is located in Parrish, Florida.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Parrish
    County
    Manatee
    State
    Florida
    Longitude
    -82.419624
    Latitude
    27.580208

    Nearby Similar for Sale

    • $700,000

      Parrish Acre Land Opportunity

      Prime 1 acre parcel in rapidly growing Parrish corridor.
      11959 MOCCASIN WALLOW ROAD, PARRISH, FL 34219
      View Details
    • $1,100,000

      Prime Parrish Corner Lot Opportunity

      Corner lot with frontage on US-301, ideal for development.
      12346 US-301, PARRISH, FL 34219
      View Details
    • $150,000

      Residential Land in Lexington Community

      Last chance to build a custom home in Lexington community.
      5807 117TH TERRACE E, PARRISH, FL 34219
      View Details
    • $2,999,777
      2,182 SF

      40 Acres in Growth Corridor

      Rare 40-acre parcel in Southwest Florida's growth corridor.
      2405 N RYE ROAD, PARRISH, FL 34219
      View Details
    • $285,000

      Parrish Acreage Corner Lot

      Spacious 1+ acre corner lot, ideal for custom home.
      6211 FOAL CREEK DRIVE, PARRISH, FL 34219
      View Details
    • $310,000

      Residential Land in Gated Community

      0.44 acre homesite in The Islands on the Manatee River.
      11708 RIVER SHORES TRAIL, PARRISH, FL 34219
      View Details
    • $415,000

      Improved Fenced 5-Acre Property

      5-acre property with pole barn, wells, and established trees.
      8994 BUNKER HILL ROAD, DUETTE, FL 34219
      View Details
    • $875,000

      Waterfront Land on Manatee River

      One-acre waterfront property with 341 feet of river frontage.
      1628 RIO VISTA TERRACE, PARRISH, FL 34219
      View Details
    • $875,000

      Waterfront Land on Manatee River

      One-acre waterfront property with 341 feet of river frontage.
      1632 RIO VISTA TERRACE, PARRISH, FL 34219
      View Details
    • $349,900

      Residential Lot in Golf Community

      Spacious 0.5-acre lot in established Parrish golf community.
      3001 WILDERNESS BOULEVARD E, PARRISH, FL 34219
      View Details
    • $899,000
      1,407 SF

      Horse-Friendly Farmstead with Pool & Stables

      10+ acre farm with home, pool, and equestrian amenities.
      18155 SR 62, PARRISH, FL 34219
      View Details
    • $1,100,000

      Prime Parrish Corner Lot Opportunity

      Corner lot with frontage and access in high-growth Parrish area.
      12346 US-301, PARRISH, FL 34219
      View Details

    FAQs

    What type of property is this?
    Land - Land available east of US Hwy 301 in Parrish.
    Where is this land located?
    The property is located at 12345 PARRISH CEMETARY ROAD Parrish, FL.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Located in Manatee County; Situated on Parrish Cemetery Rd, on the South Side of the road; East of 10th St East Palmetto
    (941) 720-2517
    We can help!
    Listing Contact
    Barbara Mollanazar
    Real Estate License ID: 0605141
    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

    Thank You for Inquiry
    12345 PARRISH CEMETARY ROAD, PARRISH, FL 34219
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!