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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Race tracks
10101 Us Hwy 41st N 1 Palmetto, FL 34221-8854
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US18-2675876
Property profile
Verified
Property type
Race tracks
Use group
RACE TRACK (AUTO, DOG, HORSE)
Year built
2005
Construction
CONCRETE
Total area
7,200 SF
Lot
16.85 ac (733,986 SF)
Zoning code
PD-EZ
APN
6221.1600-2
UPID
US18-2675876
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.04M
Owner & transaction history
Andersen Florida LLC · 18 yrs held
Andersen Florida LLC
since 2007
7 recorded transactions
Zoning & alternative use
PD-EZ · Palmetto, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.6M
+35.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Palmetto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmetto submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$1,165,000
Current use
INDUSTRIAL (GENERAL)
$1,575,000
Change: +35% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,110,000
Change: -5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,010,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$1,005,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$144 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$49,443
Tax year 2023
Assessed value
$3,505,555
Assessed 2023
Previous assessed
$2,455,920
+42.7% YoY
Effective rate
1.41%
On assessed value
Assessed land
$1,665,970
Assessed improvement
$1,839,585
Land market value
$1,665,970
Improvement market value
$1,839,585
Total market value
$3,505,555
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Race tracks
Use group
RACE TRACK (AUTO, DOG, HORSE)
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
NONE
Buildings
6
Stories
1
Total area
7,200 SF
Lot
16.85 ac (733,986 SF)
Zoning code
PD-EZ
APN
6221.1600-2
UPID
US18-2675876
Jurisdiction
MANATEE
Zoning & alternative use
PD-EZ · Palmetto, FLZoning PD-EZ · permitted uses
PD-EZ · Palmetto, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.0M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
6
Lot
16.85 ac
Current owner
From public records · entity-resolved
Andersen Florida LLC
Entity
Mailing address
10101 US HWY 41ST N, PALMETTO, FL 34221-8854
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2026
—
Andersen Florida LLC
—
Deed
related
$2,000,000 · Td Bank NA
Feb 1, 2019
—
Andersen Florida LLC
—
Deed
related
$1,250,000 · Branch Bk&tr
Oct 30, 2007
$2,000,000
Andersen Florida LLC
Group Four LLC
Corporation Deed
$1,200,000 · Suntrust Bank
Mar 7, 2002
$315,900
Group Four LLC
Baytos,john M & Bradley A
Grant Deed
$922,500 · Florida Bank
—
—
Andersen Florida LLC
—
Deed Of Trust
related
$1,250,000 · Branch Bk&tr
—
—
Group Four LLC
—
Deed Of Trust
related
$195,000 · Baytos Trust (tr)
—
—
Andersen Florida LLC
—
Deed Of Trust
related
$685,000 · Andersen Interior Contracting
—
—
Group Four LLC
—
Deed Of Trust
related
$75,000 · Florida Bank
—
—
Group Four LLC
—
Deed Of Trust
related
$196,910 · Florida Bank
—
—
Group Four LLC
—
Deed Of Trust
related
$100,000 · Mercantile Bk Div/carolinafirs
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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