Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1001 Riverside Dr Palmetto, FL 34221

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prestigious riverfront office, stunning views.

    Lot size:
    16,822 SF

    Property Features for 1001 Riverside Dr

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,822 SF
    Class
    A
    Total Rate
    68605.72

    Building Details

    Year Built/Renovated
    1984/2017
    Buildings
    1
    Stories
    2

    Spaces For Lease

    at 1001 Riverside Dr, Palmetto, FL 34221 Contact us
    Unit Suite G

    $48 /Mo

    Size
    179 SF
    Contact us
    Unit Suite I

    $49 /Mo

    Size
    159 SF
    Contact us

    We can help!

    Listing Contact
    Benjamin Bakker
    Benjamin Bakker

    Listing Agency: NDC Commercial Real Estate Listing Agent: Benjamin Bakker

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional Class A office building, situated on 2.85 acres at 1001 Riverside Dr, Palmetto, FL 34221, offers breathtaking waterfront views. Built in 1984 and extensively renovated in 2017, the single, two-story building boasts 16,822 square feet of space. Multiple tenancies are available, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 1,000 square feet. The property features high ceilings, tile floors, and a sophisticated design, perfect for creating a prestigious image for your business. Located at the main entrance of the Regatta Pointe Marina Club on the Manatee River in historic downtown Palmetto, this property benefits from excellent visibility and accessibility. Amenities include elevators and power supplied by Florida Power & Light. The property is zoned Planned General Commercial (APN: 3122100005) and offers a functional and spacious floor plan. This is a rare opportunity to secure prime office space in a highly desirable location. The property is located in the Sarasota/Bradenton/Palmetto submarket.
    Property Profile Location Intelligence

    Current Use by Public Records

    Strategic Radiology Physician Martinez MicropigmentationLLC (Bike/Boat/Book/etc) Store The Styled Bride Wedding Service Vertical Chiropractic Alternative Medicine Practice Coastal Tide Construction Construction Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmetto
    County
    Manatee
    State
    Florida
    Longitude
    -82.575733234957
    Latitude
    27.512081560765

    Nearby Similar for Lease

    • $4,000 /Mo
      1,206 SF

      Modern Office Suite on US-41

      Turnkey 1,206 sq ft office suite in Palmetto, Florida.
      10305 Us Highway 41 N, Palmetto, FL 34221
      View Details
    • $17 SF/Yr
      2,750 SF

      Retail Space Available for Lease

      Retail/office space available for lease with great signage.
      937 10Th St E, Palmetto, FL 34221
      View Details
    • $18 SF/Yr
      2,640 SF

      Stand Alone Building For Lease

      Stand-alone building suitable for office, medical, or retail use.
      1331 10Th St E, Palmetto, FL 34221
      View Details
    • $25 SF/Yr
      4,400 SF

      Retail Space in Palmetto, FL

      Freestanding retail building in a high-traffic area for lease.
      1210 St E, Palmetto, FL
      View Details
    • Contact for pricing
      1,700 SF

      Versatile Retail and Office Center

      Retail and office center in downtown Palmetto, near Manatee River.
      701 8Th Ave W, Palmetto, FL 34221
      View Details
    • Contact for pricing
      2,035 SF

      Resort Retail Space Available

      Retail spaces and pads for lease in Marriott Resort Hotel.
      650 Us Highway 41 N, Palmetto, FL 34221
      View Details
    • Contact for pricing
      6,500 SF

      Resort Retail Space Available

      Retail spaces and pads for lease in Marriott Resort Hotel.
      600 Us Highway 41 N, Palmetto, FL 34221
      View Details
    • $18 SF/Yr
      3,450 SF

      Palmetto Office Space Sublease Available

      Modern Office Suite, 3450 sq ft, Immediate Occupancy
      2510 51St Ave, Palmetto, FL 34221
      View Details
    • $25 SF/Yr
      4,400 SF

      Palmetto Retail Space For Lease

      Prime location, high traffic, 4,400 sq ft.
      1210 10Th St, Palmetto, FL 34221
      View Details
    • Contact for pricing
      160,563 SF

      Palmetto Industrial Space For Lease

      Modern 160,563 SF manufacturing/warehouse.
      920 17Th St, Palmetto, FL 34208
      View Details

    FAQs

    What type of property is this?
    Office space - Prestigious riverfront office, stunning views.
    Where is this office space located?
    The property is located at 1001 Riverside Dr Palmetto, FL.
    What is the lease rate?
    The lease rate is $48-$49 SF/Yr.
    What are key features of this property?
    This property features: Class A office building, 16,822 SF, on 2.85 acres with waterfront views in Palmetto, FL.; Recently renovated in 2017.; Features include conference rooms, kitchen, ADA restrooms, and abundant natural light.
    (941) 285-6727 Call to check price and availability
    Request Owner's contact information
    1001 Riverside Dr Palmetto, FL 34221
    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.
    1001 Riverside Dr
    Palmetto, FL 34221
    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
    1001 Riverside Dr Palmetto, FL 34221
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Benjamin Bakker
    Benjamin Bakker
    Real Estate License ID: 3279071
    (941) 285-6727 (941) 724-8009
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!