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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Flex space
3404 17th E St Palmetto, FL 34221-9425
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4683306
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,904 SF
Lot
1.67 ac (72,745 SF)
Zoning code
LM
APN
8092.0000-9
UPID
US18-4683306
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
-
Casique LLC Construction Company
-
Sandhoff Construction Company Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$452k
Blend (final)
Blend
$620k
Owner & transaction history
Celestial Property LLC · 4 yrs held
Celestial Property LLC
since 2022
Last sale
$718,000
6 recorded transactions
Zoning & alternative use
LM · Palmetto, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$615,000
+115.8%
Retail stores
$570,000
+100.7%
Commercial (general)
$545,000
+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
$570,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$615,000
Change: +116% · Conversion: Easy
RETAIL STORES
$570,000
Change: +101% · Conversion: Moderate
COMMERCIAL (GENERAL)
$545,000
Change: +93% · Conversion: Difficult
OFFICE BUILDING
$450,000
Change: +58% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $718k (Apr 27 2022)
Last sale anchor
$718k
Apr 27 2022
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
$326 / 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
$8,588
Tax year 2023
Assessed value
$496,160
Assessed 2023
Previous assessed
$206,547
+140.2% YoY
Effective rate
1.73%
On assessed value
Assessed land
$182,583
Assessed improvement
$313,577
Land market value
$182,583
Improvement market value
$313,577
Total market value
$496,160
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Units
1
Rooms
4
Bathrooms
2
Total area
1,904 SF
Lot
1.67 ac (72,745 SF)
Zoning code
LM
APN
8092.0000-9
UPID
US18-4683306
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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$615,000
RETAIL STORES
Est. value
$570,000
COMMERCIAL (GENERAL)
Est. value
$545,000
OFFICE BUILDING
Est. value
$450,000
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
4
Bathrooms
2
Lot
1.67 ac
Current owner
From public records · entity-resolved
Celestial Property LLC
Entity
Mailing address
1202 20TH AVE W, PALMETTO, FL 34221-3524
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Apr 27, 2022
$718,000
Celestial Property LLC
Stephen P Forristall
Warranty Deed
$610,300 · Bank Of America NA
Nov 21, 2019
$100
Forristall,stephen P Trust
Forristall Mary C Trust
Correction Deed
related
—
Dec 14, 2004
$600,500
Palmetto Industrial Park LLC
Forristall Ents INC
Warranty Deed
$449,070 · Forristall Ents INC
Oct 6, 2004
$334,600
Palmetto Industrial Park LLC
Forristall Ents INC
Grant Deed
—
Dec 29, 1998
$104,000
Stephen P Forristall
Forristall Enterprises INC'
Grant Deed
related
$103,970 · American Bank
—
—
Dwayne R Huxted
—
Deed Of Trust
related
$52,000 · Nationsbank
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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