Industrial Property with Fenced
For Sale
$1,400,000
2103 17TH Street E, Palmetto, FL 34221
Commercial Sale, PALMETTO, FL
Property Size14,758 SF
Lot Size2.77 Acres
Price / SF$94.86
Days on Market59
Property Features for 2103 17TH Street E
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HM
Directions
From I-75 take Exit 224 (US-301), proceed west toward Palmetto, turn onto 17TH Street E and continue to property. Site located on south side of 17TH Street E. By appointment only.
Subdivision
34221 - Palmetto/Rubonia
Standard status
Active
APN
1000510006
Size
14,758 SF
Lot size
2.77 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
COM AT THE NW COR OF E1/2 OF W1/2 OF NE1/4 OF NW1/4; TH RUN S 0 DEG 21 MIN 30 SEC W ALG W LN OF SD E1/2 OF W1/2 OF NE1/4 OF NW1/4, 315.43 FT, TH RUN S 89 DEG 23 MIN 30 SEC E 30 FT FOR POB; TH RUN S 89 DEG 23 MIN 30 SEC E 299.7 FT; TH RUN S 0 DEG 23 M IN 30 SEC W ALG E LN OF SD E1/2 OF W1/2 OF NE1/4 OF NW1/4 402.2 FT, TH RUN N 89 DEG 30 MIN 20 SEC W 299.55 FT; TH
Tax Annual Amount
7649
Legal Description
COM AT THE NW COR OF E1/2 OF W1/2 OF NE1/4 OF NW1/4; TH RUN S 0 DEG 21 MIN 30 SEC W ALG W LN OF SD E1/2 OF W1/2 OF NE1/4 OF NW1/4, 315.43 FT, TH RUN S 89 DEG 23 MIN 30 SEC E 30 FT FOR POB; TH RUN S 89 DEG 23 MIN 30 SEC E 299.7 FT; TH RUN S 0 DEG 23 M IN 30 SEC W ALG E LN OF SD E1/2 OF W1/2 OF NE1/4 OF NW1/4 402.2 FT, TH RUN N 89 DEG 30 MIN 20 SEC W 299.55 FT; TH
Building Details
Year built
1986
Floors in Building
1
Building materials
Metal Frame, Metal Siding
Listing Agency:
WHITE SANDS REALTY GROUP FL
(941) 260-3350
Listed By:
Patrick Turner · License #3416292
(231) 883-7989
Added: Jul 8
Changed: Aug 19
Last Checked: Sep 4 at 8:06PM
MLS# A4699475
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.
Investment Insights
Based on property information with market context.
This industrial property encompasses approximately 2.77 acres with a 14,758-square-foot metal-frame building constructed in 1986. Metal siding, a fenced gravel yard, and an additional concrete slab are included. The site currently operates as an outdoor storage facility serving approximately 50–75 storage customers and produces existing income. HM zoning is identified for the property.
The address is 2103 17TH Street E in Palmetto, within Manatee County. The property is near Port Manatee, US-41, US-301, and Interstate 75. Its current configuration supports outdoor storage, contractor operations, fleet use, and equipment storage, as well as Industrial Outdoor Storage applications. The property may be acquired separately or together with the adjacent property at 2125 17TH Street E as part of a 4.78-acre assemblage.
The address is 2103 17TH Street E in Palmetto, within Manatee County. The property is near Port Manatee, US-41, US-301, and Interstate 75. Its current configuration supports outdoor storage, contractor operations, fleet use, and equipment storage, as well as Industrial Outdoor Storage applications. The property may be acquired separately or together with the adjacent property at 2125 17TH Street E as part of a 4.78-acre assemblage.
Key Highlights
- Approximately 2.77 acres with a 14,758‑square‑foot industrial building
- Fenced gravel yard and additional concrete slab
- Currently serves approximately 50–75 outdoor storage customers
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
$124,156
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
8.87%
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%
$2,483,120
$2.5M
Cap Rate 7%
$1,773,657
$1.8M
Cap Rate 9%
$1,379,511
$1.4M
Market Conditions
NOI Build-Up for 14,758 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
$184.2K $12.48/SF
− Vacancy
−$6.8K −$0.46/SF
EGI
$177.4K $12.02/SF
− OpEx
−$53.2K −$3.61/SF
NOI
$124.2K $8.41/SF
Area
Manatee County, FL
Vacancy
3.70%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
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%
$2,483,120
Cap Rate 7%
$1,773,657
Cap Rate 9%
$1,379,511
Alternative Uses
Best Use
Industrial
$1.77M
$1.55M – $2.07M
NOI $124,156 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.34M
$3.80M – $5.06M
NOI $303,790 @ 7.0% cap · market cap 21.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
480
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Metal-frame improvements include an industrial building, gravel storage yard, and separate concrete slab.
Where is this industrial property located?
The property is located at 2103 17TH Street E Palmetto, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Approximately 2.77 acres with a 14,758‑square‑foot industrial building; Fenced gravel yard and additional concrete slab; Currently serves approximately 50–75 outdoor storage customers
