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Property profile & analytics
OFF-MARKET
Estimated value
$12,810,000
Flex space
11001 Us Hwy 41st N Palmetto, FL 34221-7700
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5583316
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1998
Construction
CONCRETE
Total area
86,820 SF
Lot
18.02 ac (784,951 SF)
Zoning code
LM
APN
6219.1015-7
UPID
US18-5583316
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
$11.24M
Comparable Approach
Comparable
$15.75M
Blend (final)
Blend
$12.81M
Owner & transaction history
Itw Gse INC · 8 yrs held
Itw Gse INC
since 2018
1 recorded transaction
Zoning & alternative use
LM · Palmetto, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$20.5M
+58.4%
Warehouse, storage
$14.0M
+8.2%
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%
$12,175,000
6.5%
$11,235,000
7%
$10,435,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$12,945,000
Current use
OFFICE BUILDING
$20,500,000
Change: +58% · Conversion: Difficult
WAREHOUSE, STORAGE
$14,000,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$12.81M
Range $11.53M – $14.09M · ±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
$148 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$146,536
Tax year 2022
Assessed value
$9,567,294
Assessed 2023
Previous assessed
$9,567,294
+0.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$1,455,364
Assessed improvement
$8,111,930
Land market value
$1,455,364
Improvement market value
$8,111,930
Total market value
$9,567,294
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Units
1
Total area
86,820 SF
Lot
18.02 ac (784,951 SF)
Zoning code
LM
APN
6219.1015-7
UPID
US18-5583316
Jurisdiction
MANATEE
Zoning & alternative use
LM · Palmetto, FL
Zoning LM · permitted uses
LM · Palmetto, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palmetto. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$12.9M
OFFICE BUILDING
Est. value
$20.5M
WAREHOUSE, STORAGE
Est. value
$14.0M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1998
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
18.02 ac
Current owner
From public records · entity-resolved
Itw Gse INC
Entity
Free & Clear · 8 yrs held
Mailing address
155 HARLEM AVE, GLENVIEW, IL 60025-4075
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2018
—
Itw Gse INC
Hobart Brothers LLC
Quit Claim Deed
related
—
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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