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Property profile & analytics
OFF-MARKET
Estimated value
$3,925,000
Office buildings
1103 12th E Ave, Palmetto, FL 34221-4146
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3107825
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1969
Construction
CONCRETE
Total area
30,532 SF
Lot
5.62 ac (244,807 SF)
Zoning code
PL_CHI
APN
25767.0002-1
UPID
US18-3107825
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
Current use
Occupant on record · Public records
-
Jupiter Marine International Inc. (Bike/Boat/Book/etc) Store Production Facility
-
Jupiter Marine (Bike/Boat/Book/etc) Store Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.24M
Blend (final)
Blend
$3.93M
Owner & transaction history
Meenamau Properties LLC · 20 yrs held
Meenamau Properties LLC
since 2005
5 recorded transactions
Zoning & alternative use
PL_CHI · Palmetto, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$3.93M
Range $3.53M – $4.32M · ±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
$129 / 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
$30,515
Tax year 2023
Assessed value
$2,116,388
Assessed 2023
Previous assessed
$1,375,252
+53.9% YoY
Effective rate
1.44%
On assessed value
Assessed land
$501,172
Assessed improvement
$1,615,216
Land market value
$501,172
Improvement market value
$1,615,216
Total market value
$2,116,388
Applied tax rate
19.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1969
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
30,532 SF
Lot
5.62 ac (244,807 SF)
Zoning code
PL_CHI
APN
25767.0002-1
UPID
US18-3107825
Jurisdiction
MANATEE
Zoning & alternative use
PL_CHI · Palmetto, FL
Zoning PL_CHI · permitted uses
PL_CHI · 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.
Building & site characteristics
From public records
Year built
1969
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
5.62 ac
Current owner
From public records · entity-resolved
Meenamau Properties LLC
Entity
Mailing address
3623 HAWK IS DR, BRADENTON, FL 34208-9411
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2005
—
Meenamau Properties LLC
Aventura Realty Corp
Warranty Deed
related
—
Dec 8, 2005
$1,350,000
Meenamau Properties LLC
3333 Aventura Realty Corp
Warranty Deed
—
May 30, 2002
$1,250,000
Aggressive Enterprises Fl INC
—
Grant Deed
related
—
—
—
Meenamau Properties LLC
—
Deed Of Trust
related
$2,300,000 · Wachovia Bank NA
—
—
Meenamau Properties LLC
—
Deed Of Trust
related
$2,175,000 · Hancock Bank
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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