Property profile

1527 8th W Ave Palmetto, FL 34221

OFF-MARKET
Grocery and convenience stores
Property ID
US18-2701700
4,000 SF 0.41 ac lot Built 1997
Entity Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE (W/FUEL PUMP)
Year built 1997
Total area 4,000 SF
Lot 0.41 ac (18,000 SF)
Zoning code PL_CG
APN 26634.0000-6
UPID US18-2701700

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

1527 8th W Ave Palmetto, FL 34221-3121
Palmetto metro Census 1405 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.25M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.29M

Owner & transaction history

since 2020
Last sale
$1.8M
7 recorded transactions
2020
$1.8M
2016
$500,000
2014
$675,000
2014
Price N/A
2001
$240,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

PL_CG · Palmetto, FL
Top alternative use upside
Auto repair, garage $1.3M +42.9%
Retail stores $1.2M +32.9%
Commercial (general) $1.2M +27.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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