Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1904 24th E Ave Palmetto, FL 34221-6422
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1904 24th E Ave Palmetto, FL 34221-6422

    View on Map
    • Commercial land
    • 1.27 lot acres
    Off-Market
    Last Sale May 17, 2021
    $900,000
    Property ID
    US18-5280997
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $960,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 1904 24th E Ave

    Lot size
    1.27 lot acres
    Zone code
    LM
    Property type
    Commercial land
    APN
    7790.0175-9
    APU
    779001759

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,020,000
      ML approach
      $1,025,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palmetto
    County
    Manatee
    State
    Florida
    Longitude
    -82.5404
    Latitude
    27.5305
    CBSA code
    35840
    CBSA name
    NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,231
    $89,539
    $0.00
    $89,539
    -
    $89,539
    $0.00
    $89,539

    Comparable in this City

    • Value Estimation by Request
      0.05 Acres

      10th E St

      VACANT COMMERCIAL LAND • 0.05 Acres
      10th E St, Palmetto, FL 34221
      View Details
    • Value Estimation by Request
      0.13 Acres

      11th E St

      VACANT COMMERCIAL LAND • 0.13 Acres
      11th E St, Palmetto, FL 34221
      View Details
    • Value Estimation by Request
      1.15 Acres

      1550 10th E St

      VACANT COMMERCIAL LAND • 1.15 Acres
      1550 10th E St, Palmetto, FL 34221
      View Details
    • Value Estimation by Request
      2.80 Acres

      11th E St

      VACANT COMMERCIAL LAND • 2.80 Acres
      11th E St, Palmetto, FL 34221
      View Details
    • Value Estimation
      $805,000
      1.72 Acres

      2205 20th E St

      VACANT COMMERCIAL LAND • 1.72 Acres
      2205 20th E St, Palmetto, FL 34221-3287
      View Details
    • Value Estimation by Request
      1.30 Acres

      77th E Ct

      VACANT COMMERCIAL LAND • 1.30 Acres
      77th E Ct, Palmetto, FL 34221
      View Details

    Similar Nearby for Sale

    • $1,750,000

      Palmetto Land Subdivision Opportunity

      Land available for future minor subdivision with utilities nearby.
      3009 24Th Ave E, Palmetto, FL 34221
      View Details
    • $11,925,000

      25 Acres Interchange Opportunity

      25 acres with frontage on US-41 and I-275.
      7611 Us Highway 41 N, Palmetto, FL 34221
      View Details
    • $2,400,000

      Manatee County Development Site

      Commercial development site in a rapidly growing area.
      9750 Bud Rhoden Rd, Palmetto, FL 34221
      View Details
    • Contact for pricing

      Palmetto Commercial Development Opportunity

      Unincorporated Manatee County development site zoned Neighborhood Commercial - Medium.
      9750 Bud Rhoden Rd, Palmetto, FL 34221
      View Details
    • Contact for pricing

      Land at Sanctuary Cove Way

      Land available at Sanctuary Cove Way and US 301.
      Sec Sanctuary Cv Way & US 301, Palmetto, FL 34221
      View Details
    • $440,000

      Commercial Land on Lighted Corner

      Zoned commercial land suitable for retail, services, and offices.
      6910 36Th Ave E, Palmetto, FL 34221
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Corner Parcel Near Future Grocer

      Commercial land for rent near major roads and future development.
      9620 36Th Ave E, Palmetto, FL 34221
      View Details
    • $5,000 /Mo
      1,600 SF

      Palmetto Industrial Land with Canopy

      Industrial land with canopy and modular office for lease.
      1908 13Th St E, Palmetto, FL 34221
      View Details
    • Contact for pricing

      Retail Space in Palmetto

      Freestanding retail building in a rapidly developing area.
      1210 10Th St E, Palmetto, FL 34221
      View Details
    • $18 SF/Yr
      2,640 SF

      Stand Alone Building For Lease

      Stand-alone building suitable for office, medical, or retail use.
      1331 10Th St E, Palmetto, FL 34221
      View Details
    • $17 SF/Yr
      2,750 SF

      Retail Space Available for Lease

      Retail/office space available for lease with great signage.
      937 10Th St E, Palmetto, FL 34221
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1904 24th E Ave
    Palmetto, FL 34221-6422
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!