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Property profile & analytics
FOR SALE
Retail properties & Spaces
2003 16th E Ave Palmetto, FL 34221-2876
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4857201
For Sale
1 / 4
Contact for pricing
2003 16th E Ave, Palmetto, FL 34221-2876
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Year built
1977
Construction
CONCRETE
Total area
5,600 SF
Lot
4.97 ac (216,493 SF)
Zoning code
A-1
APN
25753.0005-9
UPID
US18-4857201
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
-
Canal RV & Boat Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$250k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$250k
Owner & transaction history
Art Rentals LLC · 5 yrs held
Art Rentals LLC
since 2021
7 recorded transactions
Zoning & alternative use
A-1 · 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
Method
Estimation
Statistic approach
by Request
ML approach
$250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$250k
Range $225k – $275k · ±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
$45 / 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
$6,715
Tax year 2023
Assessed value
$349,262
Assessed 2023
Previous assessed
$349,262
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$152,204
Assessed improvement
$197,058
Land market value
$152,204
Improvement market value
$197,058
Total market value
$349,262
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
Retail properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Status
For Sale
Year built
1977
Construction
CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
5,600 SF
Lot
4.97 ac (216,493 SF)
Zoning code
A-1
APN
25753.0005-9
UPID
US18-4857201
Jurisdiction
MANATEE
Zoning & alternative use
A-1 · Palmetto, FLZoning A-1 · permitted uses
A-1 · Palmetto, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1977
Construction
CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
4.97 ac
Current owner
From public records · entity-resolved
Art Rentals LLC
Entity
Free & Clear · 5 yrs held
Mailing address
651 17TH ST W #1, PALMETTO, FL 34221-8110
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jun 10, 2021
—
Art Rentals LLC
James Amerson
Quit Claim Deed
related
—
May 4, 2021
—
Art Rentals LLC
James Amerson
Quit Claim Deed
related
—
Apr 20, 2021
$300,000
James Amerson
Utopia Plants LLC
Warranty Deed
—
Oct 13, 2017
—
Taylor & Fulton Packing LLC
—
Grant Deed
related
$1,100,000 · Ki Florida Fund I LLC
Oct 18, 2013
$540,000
Utopia Plants LLC
Peerless Manatee INC
Grant Deed
—
Jul 15, 2009
$40,000
Farm-op INC
Old Florida Investments INC
Grant Deed
—
—
—
Utopia Plants LLC
—
Deed Of Trust
related
$2,000,000 · Daniel J Hartung
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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