Light Manufacturing Facility with Loading
1507 17th St East, Palmetto, FL 34221
For Sale
Contact for pricing
Shipping and receiving are supported by multiple overhead doors, two docks, and ramp access into the building.
Property Size14,300 SF
Lot Size2.35 Acres
Price / SF$314.34
Days on Market58
Property Features for 1507 17th St East
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Warehouse Space
Dock-High Doors
Drive-In Doors
Conditioned Warehouse
Building Details
Building Size
Listing Agency:
American Property Group of Sarasota Inc
Listed By:
Tyler Sluman · License FL SL3487138
(941) 840-3954
Source:
Crexi
Added: Sep 16
Changed: Nov 10
Last Checked: Nov 12 at 8:33AM
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 American Property Group of Sarasota Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Palmetto property contains approximately 14,300 square feet on 2.35 acres, with LM zoning. The warehouse reaches ceiling heights of up to 26 feet and has six overhead doors. One door is 20 feet high and provides ramp access directly into the building; two loading docks add further loading options. About half of the warehouse is air-conditioned, with 15-ton and 10-ton HVAC systems. The roof was installed in 2021.
Ownership plans to remain in the building through December 31, 2026, and is willing to discuss a post-closing occupancy agreement. The property is located at 1507 17th St East in Palmetto, Florida.
Ownership plans to remain in the building through December 31, 2026, and is willing to discuss a post-closing occupancy agreement. The property is located at 1507 17th St East in Palmetto, Florida.
Key Highlights
- Approximately 14,300 SF on 2.35 acres
- LM zoning
- Warehouse ceiling heights reach 26 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,082
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,921,640
$2.9M
Cap Rate 7%
$2,086,886
$2.1M
Cap Rate 9%
$1,623,133
$1.6M
Market Conditions
NOI Build-Up for 14,300 SF
Gross rent
$178.5K $12.48/SF
− Vacancy
−$6.6K −$0.46/SF
EGI
$171.9K $12.02/SF
− OpEx
−$25.8K −$1.80/SF
NOI
$146.1K $10.22/SF
Area
Manatee County, FL
Vacancy
3.70%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,921,640
Cap Rate 7%
$2,086,886
Cap Rate 9%
$1,623,133
Alternative Uses
Best Use
Warehouse
$2.09M
$1.83M – $2.43M
NOI $146,082 @ 7.0% cap · market cap 3.25%
Second Best
Industrial
$1.72M
$1.50M – $2.01M
NOI $120,303 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$4.21M
$3.68M – $4.91M
NOI $294,363 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
26 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Explore this area
Business Placement
Demographics for 34221, FL
48,082
Population
24,812
Households
1.9
Avg Household Size
45
Median Age
28%
College-Educated
91%
High-School Grad
53.9 sq mi
ZIP Area
892
Density / Sq Mi
$74,314
Median Household Income
$40,072
Median Earnings
$1,459
Median Rent
$298,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Shipping and receiving are supported by multiple overhead doors, two docks, and ramp access into the building.
Where is this manufacturing property located?
The property is located at 1507 17th St East Palmetto, FL.
What is the asking price?
The asking price for this property is $4,495,000.
What are key features of this property?
This property features: Approximately 14,300 SF on 2.35 acres; LM zoning; Warehouse ceiling heights reach 26 feet
