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Block Retail Building
New
For Sale
$799,000

712 61ST Street E, Palmetto, FL 34221

Commercial Sale, PALMETTO, FL

Property Size4,336 SF
Lot Size0.50 Acres
Price / SF$184.27
Days on Market5

Property Features for 712 61ST Street E

General Information

Property type Commercial Sale
Property subtype Retail
Zoning NCM
Subdivision ACREAGE
Directions From I75 N Take the exit for US-301 S toward Palmetto. Merge onto US-301 S and drive west. Turn right onto 16th Ave E (Ellenton Gillette Rd). Turn left onto 61st St E-the property will be on your left.
Standard status Active
APN 2241600059
Size 4,336 SF
Lot size 0.50 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description THE W 124 FT OF THE FOL DESC PROP: COM AT NW COR OF SW1/4 OF SEC 36; TH E 2640 FT M/L TO SE COR OF NW1/4 OF SD SEC 36; TH N 1083.72 FT TO INTERSEC OF PALM VIEW RD & BAYSHORE RD; TH N 15 FT; TH W 33 FT FOR THE POB; TH N ALG W LN OF SD BAYSHORE RD 193.56 FT; TH W 231.66 FT; TH S 193.56 FT; TH E ALG N LN OF SD PALM VIEW RD 231.66 FT TO THE POB, LESS ADD 18 FT FOR RD R/W AS DESC IN OR 1040 PG 2507, [INSERT "TOGETHER WITH LAND DESC BY Q/C DEED REC IN OR 1739 PG 1766 DESC AS FOLLOWS: ALL LAND LYING BETWEEN THE ABOVE DESC PROPERTY AND THE EAST BOUNDARY OF C A PHILLIPS SUB, AS REC IN PB 4 PG 102, BOUNDED ON THE N AND S BY THE WLY EXTENSIONS OF THE N AND S BOUNDARY LINES, RESPECTIVELY, OF THE ABOVE DESC PROPERTY"] PI#22416.0005/9
Tax Annual Amount 9408
Legal Description THE W 124 FT OF THE FOL DESC PROP: COM AT NW COR OF SW1/4 OF SEC 36; TH E 2640 FT M/L TO SE COR OF NW1/4 OF SD SEC 36; TH N 1083.72 FT TO INTERSEC OF PALM VIEW RD & BAYSHORE RD; TH N 15 FT; TH W 33 FT FOR THE POB; TH N ALG W LN OF SD BAYSHORE RD 193.56 FT; TH W 231.66 FT; TH S 193.56 FT; TH E ALG N LN OF SD PALM VIEW RD 231.66 FT TO THE POB, LESS ADD 18 FT FOR RD R/W AS DESC IN OR 1040 PG 2507, [INSERT "TOGETHER WITH LAND DESC BY Q/C DEED REC IN OR 1739 PG 1766 DESC AS FOLLOWS: ALL LAND LYING BETWEEN THE ABOVE DESC PROPERTY AND THE EAST BOUNDARY OF C A PHILLIPS SUB, AS REC IN PB 4 PG 102, BOUNDED ON THE N AND S BY THE WLY EXTENSIONS OF THE N AND S BOUNDARY LINES, RESPECTIVELY, OF THE ABOVE DESC PROPERTY"] PI#22416.0005/9

Utilities

Cooling system Central Air

Building Details

Year built 1979
Building materials Block
Listing Agency: KELLER WILLIAMS ON THE WATER · Keller Williams Realty
Listed By: Andrew Garcia
Added: Oct 19 Changed: Oct 23 Last Checked: Oct 23 at 4:06PM
MLS# A4710009

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.

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Investment Insights

Based on property information with market context.

The Palmetto property contains a 4,336-square-foot block building on 0.5 acres. Built in 1979, it has central air conditioning and is zoned NCM for neighborhood commercial use.

The site is at 712 61st Street E, with access to US-41 and US-19. The property is in Manatee County, Florida.

Key Highlights

  • 4,336‑square‑foot building on 0.5 acres
  • Block construction; built in 1979
  • Central air conditioning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$53,322
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,066,440 $1.1M
Cap Rate 7%
$761,743 $761.7K
Cap Rate 9%
$592,467 $592.5K
Market Conditions
NOI Build-Up for 4,336 SF
Gross rent
$78.0K $18.00/SF
− Vacancy
−$1.9K −$0.43/SF
EGI
$76.2K $17.57/SF
− OpEx
−$22.9K −$5.27/SF
NOI
$53.3K $12.30/SF
Area
Manatee County, FL
Vacancy
2.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,066,440
Cap Rate 7%
$761,743
Cap Rate 9%
$592,467

Alternative Uses

Best Use
Retail
$761.7K
$666.5K – $888.7K (±1% cap)
NOI $53,322 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M (±1% cap)
NOI $89,256 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Anchest Auto Glass ... Auto Repair Shop Adventures In Learning Inc. Daycare Center Adventures in Learning Daycare Center Children's Academy High School

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Restaurant Locksmith (Bike/Boat/Book/etc) Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

96
Businesses Nearby
795
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
CubeSmart Self Storage Shops & Services
795 visits/mo 0.5 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Central air, block construction, and neighborhood commercial zoning define this existing commercial property.
Where is this retail space located?
The property is located at 712 61ST Street E Palmetto, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 4,336‑square‑foot building on 0.5 acres; Block construction; built in 1979; Central air conditioning
More about this property
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