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Property profile & analytics
OFF-MARKET
Industrial properties
1805 8th W Ave N7 Palmetto, FL 34221-3167
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-4360829
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
2005
Construction
CONCRETE
Total area
1,000 SF
Lot
0.02 ac (1,007 SF)
Zoning code
PL_CG
APN
24251.0085-9
UPID
US18-4360829
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
-
D & R Power Solutions Inc Electrical Service General Contractor
-
Barbell Vice Gym & Fitness Center
-
Caledonian Upholstery Furniture & Home Goods
-
BWB Cabinets Renovation Specialist General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Brandon Hardy · 3 yrs held
Brandon Hardy
since 2023
Last sale
$169,900
6 recorded transactions
Zoning & alternative use
PL_CG · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,506
Tax year 2023
Assessed value
$109,650
Assessed 2023
Previous assessed
$110,000
-0.3% YoY
Effective rate
2.29%
On assessed value
Assessed improvement
$109,650
Improvement market value
$109,650
Total market value
$109,650
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
1,000 SF
Lot
0.02 ac (1,007 SF)
Zoning code
PL_CG
APN
24251.0085-9
UPID
US18-4360829
Jurisdiction
MANATEE
Zoning & alternative use
PL_CG · Palmetto, FL
Zoning PL_CG · permitted uses
PL_CG · 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
2005
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.02 ac
Current owner
From public records · entity-resolved
Brandon Hardy
Individual
Mailing address
1805 8TH AVE W UNIT N7, PALMETTO, FL 34221-3167
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2023
$169,900
Brandon Hardy
Paul J Kessel JR
Warranty Deed
$169,900 · Paul Kessel
Feb 1, 2022
$139,000
Paul J Kessel JR
Equity Trust Company Custodian
Warranty Deed
—
Dec 8, 2017
$125,000
William H Vanartsdalen JR.
D & R Power Solutions INC
Warranty Deed
—
Oct 19, 2005
$79,100
D & R Power Solutions INC
Palmetto Warehouse Co LLC
Warranty Deed
$79,100 · Palmetto Warehouse Co LLC
—
—
D & R Power Solutions INC
—
Deed Of Trust
related
$35,000 · Regions Bk
—
—
D & R Power Solutions INC
—
Deed Of Trust
related
$35,000 · Regions 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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