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Property profile & analytics
OFF-MARKET
Estimated value
$10,040,000
Flex space
2906 Corporate Way Palmetto, FL 34221-8488
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4537699
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2007
Construction
CONCRETE
Total area
46,196 SF
Lot
5.92 ac (258,049 SF)
Zoning code
PD-MU
APN
6744.0282-9
UPID
US18-4537699
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
-
Beacon Building Products Building Supply Industrial Manufacturer
-
Peek Traffic Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.85M
Blend (final)
Blend
$10.04M
Owner & transaction history
Ag Rc Palmetto Owner LLC · 4 yrs held
Ag Rc Palmetto Owner LLC
since 2021
Last sale
$9.7M
6 recorded transactions
Zoning & alternative use
PD-MU · Palmetto, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.9M
+115.8%
Retail stores
$13.8M
+100.7%
Commercial (general)
$13.3M
+92.7%
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
$10,975,000
ML approach
$10,505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,890,000
Current use
AUTO REPAIR, GARAGE
$14,865,000
Change: +116% · Conversion: Easy
RETAIL STORES
$13,825,000
Change: +101% · Conversion: Moderate
COMMERCIAL (GENERAL)
$13,275,000
Change: +93% · Conversion: Difficult
OFFICE BUILDING
$10,905,000
Change: +58% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,450,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$10.04M
Range $9.04M – $11.04M · ±10% · vs last sale $9.70M (Oct 4 2021)
Last sale anchor
$9.70M
Oct 4 2021
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
$217 / 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
$77,963
Tax year 2023
Assessed value
$4,765,496
Assessed 2023
Previous assessed
$4,765,496
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$458,217
Assessed improvement
$4,307,279
Land market value
$458,217
Improvement market value
$4,307,279
Total market value
$4,765,496
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
46,196 SF
Lot
5.92 ac (258,049 SF)
Zoning code
PD-MU
APN
6744.0282-9
UPID
US18-4537699
Jurisdiction
MANATEE
Zoning & alternative use
PD-MU · Palmetto, FL
Zoning PD-MU · permitted uses
PD-MU · 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
INDUSTRIAL (GENERAL) Current
Est. value
$6.9M
AUTO REPAIR, GARAGE
Est. value
$14.9M
RETAIL STORES
Est. value
$13.8M
COMMERCIAL (GENERAL)
Est. value
$13.3M
OFFICE BUILDING
Est. value
$10.9M
WAREHOUSE, STORAGE
Est. value
$7.5M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2007
Construction
CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
5.92 ac
Current owner
From public records · entity-resolved
Ag Rc Palmetto Owner LLC
Entity
Mailing address
110 SE 2ND ST STE #101, DELRAY BEACH, FL 33444-3680
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2021
—
Ag Rc Enterprise Drwe Owner LLC
—
Deed
related
$75,000,000 · Canadian Imperial Bank Of Commerce
Oct 4, 2021
$9,701,700
Ag Rc Palmetto Owner LLC
Fedeq Dvo11 LLC
Special Warranty Deed
—
Jan 18, 2018
$6,500,000
Feoeq Dv011 LLC
Haindl-seefried Vii Lllp
Grant Deed
$4,875,000 · Gibraltar Private Bk&tr Fsb
Feb 27, 2017
$4,300,000
Haindl-seefried Vii Lllp
Gammerler LLC
Grant Deed
—
Nov 5, 2004
$592,000
Gammerler LLC
Miller Ents Of Manatee Lc
Warranty Deed
$750,000 · Royal American Bk
—
—
Gammerler LLC
—
Deed Of Trust
related
$4,700,000 · Wachovia Bk/sc
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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