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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Investment properties
1811 8th W Ave Palmetto, FL 34221-3164
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-8673426
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2016
Construction
WOOD FRAME
Total area
3,345 SF
Lot
0.32 ac (13,725 SF)
Zoning code
PL_CG
APN
24243.0000-8
UPID
US18-8673426
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
-
HitchTopTent Camping & Watersports (Bike/Boat/Book/etc) Store
-
Sky Tek Wireless Solutions Roofing Company 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
$620k
Owner & transaction history
J Lawson LLC · 8 yrs held
J Lawson LLC
since 2018
6 recorded transactions
Zoning & alternative use
PL_CG · Palmetto, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+4.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$960,000
Current use
RETAIL STORES
$1,000,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$790,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$185 / 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
$8,239
Tax year 2023
Assessed value
$414,572
Assessed 2023
Previous assessed
$394,461
+5.1% YoY
Effective rate
1.99%
On assessed value
Assessed land
$106,664
Assessed improvement
$307,908
Land market value
$106,664
Improvement market value
$307,908
Total market value
$414,572
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2016
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
3,345 SF
Lot
0.32 ac (13,725 SF)
Zoning code
PL_CG
APN
24243.0000-8
UPID
US18-8673426
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$960,000
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING
Est. value
$790,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
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
2016
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
J Lawson LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1811 8TH AVE W, PALMETTO, FL 34221-3164
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2018
—
J Lawson LLC
Lawson,glen J JR
Quit Claim Deed
related
—
Aug 4, 2014
$130,000
Glen J Lawson JR
Sergio Nasser Ghaffari Nikon
Warranty Deed
$72,000 · First American Bank
May 17, 2007
$230,000
Sergio N G Nikon
Palmetto Warehouse Co LLC
Warranty Deed
$130,000 · Palmetto Warehouse Co LLC
Apr 18, 2006
$150,000
Palmetto Warehouse Co LLC
Woodard,leo
Warranty Deed
—
Jul 12, 2005
—
Leo Woodard
Reynolds,kathryn A
Quit Claim Deed
related
—
—
—
Sergio Nasser
—
Deed Of Trust
related
$117,007 · Palmetto Warehouse Co LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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