Fenced Industrial
For Sale
$1,400,000
PALMETTO, FL 34221, Palmetto, FL 34221
Commercial Sale, PALMETTO, FL
Property Size14,758 SF
Lot Size2.77 Acres
Price / SF$94.86
Days on Market93
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HM
Subdivision
34221 - Palmetto/Rubonia
Standard status
Active
Size
14,758 SF
Lot size
2.77 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7649
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: Oct 7
Last Checked: Oct 8 at 12:06AM
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 2.77-acre industrial property has a 14,758-square-foot metal-frame building, a gravel yard enclosed by fencing, and a separate concrete slab. Built in 1986, the property is zoned HM and currently operates as an outdoor storage facility serving approximately 50–75 customers.
The property is in Palmetto, near Port Manatee, US-41, US-301, and Interstate 75. It may be acquired on its own or as part of a 4.78-acre assemblage with the adjacent property at 2125 17th Street E.
The property is in Palmetto, near Port Manatee, US-41, US-301, and Interstate 75. It may be acquired on its own or as part of a 4.78-acre assemblage with the adjacent property at 2125 17th Street E.
Key Highlights
- 2.77‑acre industrial property zoned HM
- 14,758‑square‑foot metal‑frame building constructed in 1986
- Fenced gravel yard and an additional concrete slab
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,156
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
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
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 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
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
86
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Industrial property - The site combines an existing industrial building with gravel storage space and a concrete slab.
Where is this industrial property located?
The property is located at 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: 2.77‑acre industrial property zoned HM; 14,758‑square‑foot metal‑frame building constructed in 1986; Fenced gravel yard and an additional concrete slab
