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Property profile & analytics
FOR SALE
Flex space
1321 77Th St E Palmetto, FL 34221
Individually Owned
~
Est. High Equity
Property ID
US18-4245633
For Sale
1 / 37
$10,500,000
1321 77Th St E, Palmetto, FL 34221
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Property summary
AI-generated overview
This exceptional 52-acre industrial land assemblage in Palmetto, Manatee County, Florida, presents a compelling investment opportunity. The property, located at 1321 77th St E, 34221, boasts a prime location with convenient access to I-275, I-75, and US Hwy 41. Zoned A-1 (Suburban Agriculture), LM (Light Manufacturing), and HM (Heavy Manufacturing), this expansive site offers significant development potential. Existing improvements include a substantial 16,443.50-square-foot main steel building constructed in 1978, featuring a 30-foot ceiling height and three large overhead doors (20'x46', 20'x24', and 20'x20'). This main building also includes an 850-square-foot office space. Two additional metal storage buildings, totaling 3,671 square feet (2,231 sq ft and 1,440 sq ft), provide ample supplementary space. A 1,056-square-foot modular office building and a 720-square-foot on-site security residence trailer further enhance the property's functionality. The asking price for this remarkable opportunity is $10,500,000. APN: 2073800001 | 2073000008 | 676100100 | 67100050. This property is ideal for developers and investors seeking a high-potential asset in a thriving market.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1978
Construction
WOOD
Total area
9,038 SF
Lot
36 ac (1,568,160 SF)
Zoning code
A-1,HM
APN
20730.0000-8
UPID
US18-4245633
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
$1.17M
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$1.51M
Owner & transaction history
Thomas J Quinn
Thomas J Quinn
2 recorded transactions
Zoning & alternative use
A-1,HM · Palmetto, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.1M
+58.4%
Warehouse, storage
$1.5M
+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%
$1,265,000
6.5%
$1,170,000
7%
$1,085,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,350,000
Current use
OFFICE BUILDING
$2,135,000
Change: +58% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,455,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$1.51M
Range $1.35M – $1.66M · ±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
$167 / 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
$24,515
Tax year 2023
Assessed value
$1,106,453
Assessed 2023
Previous assessed
$1,036,832
+6.7% YoY
Effective rate
2.22%
On assessed value
Assessed land
$766,700
Assessed improvement
$339,753
Land market value
$766,700
Improvement market value
$339,753
Total market value
$1,106,453
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
For Sale
Year built
1978
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Units
1
Bathrooms
1
Total area
9,038 SF
Lot
36 ac (1,568,160 SF)
Zoning code
A-1,HM
APN
20730.0000-8
UPID
US18-4245633
Jurisdiction
MANATEE
Zoning & alternative use
A-1,HM · Palmetto, FL
Zoning A-1,HM · permitted uses
A-1,HM · 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
$1.4M
OFFICE BUILDING
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$1.5M
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
1978
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
1
Bathrooms
1
Lot
36 ac
Current owner
From public records · entity-resolved
Thomas J Quinn
Individual
Mailing address
1321 77TH ST E, PALMETTO, FL 34221-8812
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Thomas J Quinn
—
Deed Of Trust
related
$500,000 · Manatee River Community Bank
—
—
Thomas J Quinn
—
Deed Of Trust
related
$445,216 · Republic 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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