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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Golf courses & driving ranges
2802 Terra Ceia Bay Blvd Palmetto, FL 34221-5957
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-0634184
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
DRIVING RANGE (GOLF)
Year built
1992
Construction
TYPE NOT SPECIFIED
Total area
14,025 SF
Lot
11.4 ac (496,584 SF)
Zoning code
PL_PD-H
APN
24130.0200-9
UPID
US18-0634184
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
-
Terra Ceia Bay Country Club Bar & Pub Golf Course
-
Terra Ceia Club Grill Restaurant
-
Putting On Smiles Charitable Organization Social Service Agency
-
Caddyshak Tiki Bar, Pool & Party Bar & Pub Restaurant
-
Back Bay Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$680k
Blend (final)
Blend
$590k
Owner & transaction history
Jpr Golf LLC · 9 yrs held
Jpr Golf LLC
since 2017
3 recorded transactions
Zoning & alternative use
PL_PD-H · 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
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$42 / 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
$21,084
Tax year 2023
Assessed value
$417,484
Assessed 2023
Previous assessed
$408,797
+2.1% YoY
Effective rate
5.05%
On assessed value
Assessed land
$12,113
Assessed improvement
$405,371
Land market value
$12,113
Improvement market value
$405,371
Total market value
$417,484
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
Golf courses & driving ranges
Use group
DRIVING RANGE (GOLF)
Status
Off-Market
Year built
1992
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
1
Units
1
Total area
14,025 SF
Lot
11.4 ac (496,584 SF)
Zoning code
PL_PD-H
APN
24130.0200-9
UPID
US18-0634184
Jurisdiction
MANATEE
Zoning & alternative use
PL_PD-H · Palmetto, FLZoning PL_PD-H · permitted uses
PL_PD-H · 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
1992
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
11.4 ac
Current owner
From public records · entity-resolved
Jpr Golf LLC
Entity
Mailing address
2802 TERRA CEIA BAY BLVD, PALMETTO, FL 34221-5957
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2017
$724,000
Jpr Golf LLC
Terra Ceia Bay Clubhouse & Gol
Grant Deed
$855,000 · Avidia Bk
Mar 1, 2017
$41,000
Jpr Golf LLC
Little Thomas M
Grant Deed
—
Jul 7, 2005
$545,000
Terra Ceia Bay Clubhouse
Old Florida Golf Lc
Grant Deed
—
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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