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Property profile & analytics
OFF-MARKET
Commercial land
1924 24th E Ave Palmetto, FL 34221-6422
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-5590568
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1.27 ac (55,452 SF)
Zoning code
LM
APN
7790.0165-9
UPID
US18-5590568
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
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
Falasca LLC · 1 yrs held
Falasca LLC
since 2025
7 recorded transactions
Zoning & alternative use
LM · 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
$1,232
Tax year 2023
Assessed value
$89,633
Assessed 2023
Previous assessed
$79,088
+13.3% YoY
Effective rate
1.37%
On assessed value
Assessed land
$89,633
Land market value
$89,633
Total market value
$89,633
Applied tax rate
1.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
1.27 ac (55,452 SF)
Zoning code
LM
APN
7790.0165-9
UPID
US18-5590568
Jurisdiction
MANATEE
Zoning & alternative use
LM · Palmetto, FL
Zoning LM · permitted uses
LM · 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
Heating
NONE
Lot
1.27 ac
Current owner
From public records · entity-resolved
Falasca LLC
Entity
Free & Clear · 1 yrs held
Mailing address
845 THOMPSON RD, LITHIA, FL 33547-2827
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2025
—
Falasca LLC
Manatee Electric INC
Quitclaim Deed
related
—
Jun 29, 2018
$76,000
Manatee Electric INC
Dolinski,william F JR
Warranty Deed
—
Jan 27, 2017
—
William F Dolinski JR.
—
Deed
related
$75,000 · Synovus Bk
Dec 2, 2015
$57,500
William F Dolinski JR
Cml-fl One LLC
Grant Deed
—
Mar 23, 2012
$73,200
Cml-fl One LLC
Seiders,terry M Coc
Trustees Deed
—
Oct 4, 2006
$643,600
Terry M Seiders
Evolve Dev Group LLC
Warranty Deed
$514,870 · Freedom Bk-jasper
—
—
William F Dolinski JR.
—
Deed Of Trust
related
$75,000 · Synovus 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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