Warehouse For
For Sale
$1,850,000
1540 12th St E, Palmetto, FL 34221
For sale warehouse property in Palmetto, Florida, offering 10,540 square feet of space.
Property Size10,540 SF
Days on Market122
Property Features for 1540 12th St E
General Information
Standard status
Active
Size
10,540 SF
Property subtype
Commercial
Lease Term
± 5 Years
Net Operating Income
$137,917
Building Details
Building Size
10,540 SF
Year Built
1994
Listing Agency:
Matthews Real Estate Investment Services | Fort Lauderdale
Listed By:
Dylan Batlle · License #SL3600502 (FL)
(813) 692-6560
Source:
Matthews
Added: May 8
Changed: Sep 3
Last Checked: Sep 5 at 3:39AM
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 Matthews Real Estate Investment Services | Fort Lauderdale
Investment Insights
Based on property information with market context.
This for-sale warehouse property at 1540 12th St E in Palmetto, Florida provides approximately 10,540 square feet of commercial space. The offering is listed under Warehouses/Other warehouses as part of a Commercial real estate transaction.
The property is located in Palmetto (34221). For additional brokerage details, the public remarks identify Kyle Matthews as Broker of Record with Matthews Real Estate Investment Services, Inc.
The property is located in Palmetto (34221). For additional brokerage details, the public remarks identify Kyle Matthews as Broker of Record with Matthews Real Estate Investment Services, Inc.
Key Highlights
- Warehouse property for sale in Palmetto, Florida
- 10,540 SF of warehouse space
- Built in 1994
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$107,671
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,153,420
$2.2M
Cap Rate 7%
$1,538,157
$1.5M
Cap Rate 9%
$1,196,344
$1.2M
Market Conditions
NOI Build-Up for 10,540 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$131.5K $12.48/SF
− Vacancy
−$4.9K −$0.46/SF
EGI
$126.7K $12.02/SF
− OpEx
−$19.0K −$1.80/SF
NOI
$107.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,153,420
Cap Rate 7%
$1,538,157
Cap Rate 9%
$1,196,344
Alternative Uses
Best Use
Warehouse
$1.54M
$1.35M – $1.79M
NOI $107,671 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.10M
$2.71M – $3.62M
NOI $216,964 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - For sale warehouse property in Palmetto, Florida, offering 10,540 square feet of space.
Where is this warehouse located?
The property is located at 1540 12th St E Palmetto, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Warehouse property for sale in Palmetto, Florida; 10,540 SF of warehouse space; Built in 1994
