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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Auto shops
3824 Us Hwy 41st N, Palmetto, FL 34221-9003
Entity Owned
Free & Clear
Property ID
US18-3832289
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1976
Total area
3,600 SF
Lot
1.04 ac (45,172 SF)
Zoning code
GC
APN
23059.0005-9
UPID
US18-3832289
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
$940k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.00M
Owner & transaction history
Mmj Florida Holdings LLC
Mmj Florida Holdings LLC
since 2025
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
GC · 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
$875,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,160,000
Current use
RETAIL STORES
$1,075,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,035,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.10M (Dec 23 2025)
Last sale anchor
$1.10M
Dec 23 2025
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
$278 / 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
$3,288
Tax year 2023
Assessed value
$173,312
Assessed 2023
Previous assessed
$152,852
+13.4% YoY
Effective rate
1.90%
On assessed value
Assessed land
$157,633
Assessed improvement
$15,679
Land market value
$157,633
Improvement market value
$15,679
Total market value
$173,312
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1976
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
3
Total area
3,600 SF
Lot
1.04 ac (45,172 SF)
Zoning code
GC
APN
23059.0005-9
UPID
US18-3832289
Jurisdiction
MANATEE
Zoning & alternative use
GC · Palmetto, FL
Zoning GC · permitted uses
GC · 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 Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1976
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
1.04 ac
Current owner
From public records · entity-resolved
Mmj Florida Holdings LLC
Entity
Free & Clear · 0 yrs held
Mailing address
88005 OVERSEAS HWY STE #10, ISLAMORADA, FL 33036-6000
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
$1,095,000
Mmj Florida Holdings LLC
Dp Motorsports LLC
Warranty Deed
—
Jun 26, 2023
$1,050,000
Dp Motorsports LLC
Gonzalez Automotive Repair LLC
Warranty Deed
—
Jun 24, 2020
$550,000
Gonzalez Automotive Repair LLC
Palmetto Warehouse Co LLC
Grant Deed
$500,000 · Palmetto Warehouse Co LLC
Feb 2, 2018
$200,000
Palmetto Warehouse Co LLC
Conk Florida West LLC
Warranty Deed
—
Oct 27, 2014
$15,100
Conk Florida West LLC
Palmetto Coml Invs Ll Coc
Trustees Deed
—
Dec 7, 2006
$990,000
Palmetto Commercial Invs LLC
Icon Ents INC
Warranty Deed
$500,000 · Orns Jerry & Donna Tr (tr)
Nov 30, 1999
$226,300
Icon Enterprises INC
Shepard,mark A
Grant Deed
—
Sep 9, 1997
$275,000
Mark A Shepard
Schuckert,peter & Kathleen G
Grant Deed
$275,000 · Seller
—
—
Palmetto Commercial Invs LLC
—
Deed Of Trust
related
$450,000 · William J Tingle
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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