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Property profile & analytics
OFF-MARKET
Estimated value
$1,390,000
Office buildings
1415 10th W St Palmetto, FL 34221-3601
Individually Owned
8-yr Hold
Free & Clear
Property ID
US18-4035707
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1925
Construction
TYPE NOT SPECIFIED
Total area
8,914 SF
Lot
0.81 ac (35,379 SF)
Zoning code
PL_CN,PL_GO
APN
28941.0010-9
UPID
US18-4035707
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
-
Emiline's Antiques & Collectibles Home Decor Store (Bike/Boat/Book/etc) Store
-
A Little Twisted Yoga Studio Gym & Fitness Center
-
North River Body Therapies Alternative Medicine Practice Spa & Massage Center
-
Forney Engineering Inc Construction Company
-
A.V. F. Watch Company (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.77M
Blend (final)
Blend
$1.39M
Owner & transaction history
William & Melodic Douglas Fam · 8 yrs held
William & Melodic Douglas Fam
since 2018
5 recorded transactions
Zoning & alternative use
PL_CN,PL_GO · 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
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,105,000
Current use
Blend value · Realmo final
$1.39M
Range $1.25M – $1.53M · ±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
$156 / 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
$19,316
Tax year 2023
Assessed value
$891,498
Assessed 2023
Previous assessed
$886,030
+0.6% YoY
Effective rate
2.17%
On assessed value
Assessed land
$132,716
Assessed improvement
$758,782
Land market value
$132,716
Improvement market value
$758,782
Total market value
$891,498
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
1925
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Units
1
Total area
8,914 SF
Lot
0.81 ac (35,379 SF)
Zoning code
PL_CN,PL_GO
APN
28941.0010-9
UPID
US18-4035707
Jurisdiction
MANATEE
Zoning & alternative use
PL_CN,PL_GO · Palmetto, FLZoning PL_CN,PL_GO · permitted uses
PL_CN,PL_GO · 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
OFFICE BUILDING Current
Est. value
$2.1M
OFFICE BUILDING Current
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
1925
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Units
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
William & Melodic Douglas Fam
Individual
Free & Clear · 8 yrs held
Mailing address
7040 PORTMARNOCK PL, LAKEWOOD RANCH, FL 34202-2593
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2018
$900,000
William & Melodic Douglas Fam
Sa Real Estate Holdings LLC
Warranty Deed
—
Jun 1, 2017
$300,000
Acorn Room Ent LLC
Hartung Ron & Claudia Trust
Warranty Deed
$200,319 · Hartung Ron & Claudia Tr (pt)
May 23, 2017
—
Sa Real Estate Holdings LLC
—
Deed
related
$774,083 · American Momentum Bk
Dec 1, 2005
$560,500
Sa Real Estate Holdings LLC
Zirkelbach Construction INC
Warranty Deed
related
$980,000 · Landmark Bank Of Florida
—
—
Sa Real Estate Holdings LLC
—
Loan Modification
related
$774,083 · American Momentum Bk
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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