Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,200,000
Manufacturing properties
402 9th W St Palmetto, FL 34221-4829
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4010015
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PACKING, PACKING PLANT
Year built
1988
Construction
CONCRETE
Total area
20,800 SF
Lot
2.08 ac (90,648 SF)
Zoning code
PL_CHI
APN
27889.0005-9
UPID
US18-4010015
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
-
Spectrum Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.20M
Owner & transaction history
402 Palmetto Warehouse LLC · 3 yrs held
402 Palmetto Warehouse LLC
since 2022
Last sale
$10.5M
7 recorded transactions
Zoning & alternative use
PL_CHI · 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
$8,325,000
ML approach
$7,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$6,195,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$9.20M
Range $8.28M – $10.12M · ±10% · vs last sale $10.50M (Dec 20 2022)
Last sale anchor
$10.50M
Dec 20 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
$442 / 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
$62,003
Tax year 2023
Assessed value
$2,867,798
Assessed 2023
Previous assessed
$2,068,488
+38.6% YoY
Effective rate
2.16%
On assessed value
Assessed land
$273,612
Assessed improvement
$2,594,186
Land market value
$273,612
Improvement market value
$2,594,186
Total market value
$2,867,798
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
Manufacturing properties
Use group
FOOD PACKING, PACKING PLANT
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
NONE
Buildings
3
Stories
1
Units
1
Rooms
4
Bathrooms
2
Total area
20,800 SF
Lot
2.08 ac (90,648 SF)
Zoning code
PL_CHI
APN
27889.0005-9
UPID
US18-4010015
Jurisdiction
MANATEE
Zoning & alternative use
PL_CHI · Palmetto, FL
Zoning PL_CHI · permitted uses
PL_CHI · 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
RESTAURANT
Est. value
$6.2M
RESTAURANT
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
1988
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
3
Units
1
Rooms
4
Bathrooms
2
Lot
2.08 ac
Current owner
From public records · entity-resolved
402 Palmetto Warehouse LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1001 E ATLANTIC AVE STE #202, DELRAY BEACH, FL 33483-6974
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2022
$10,500,000
402 Palmetto Warehouse LLC
Taylor & Fulton Packing LLC
Special Warranty Deed
—
Nov 27, 2017
—
Taylor & Fulton Packing LLC
—
Grant Deed
related
$9,701,000 · Greater Nv Cu
Oct 13, 2017
—
Taylor & Fulton Packing LLC
—
Grant Deed
related
$1,100,000 · Ki Florida Fund I LLC
Aug 30, 2017
—
Taylor & Fulton Packing LLC
—
Grant Deed
related
$1,500,000 · Gemtech Marketing LLC
Feb 2, 2017
—
Taylor & Fulton Packing LLC
—
Grant Deed
related
$2,000,000 · Silverthorn Investments LLC
Apr 19, 2011
—
Taylor & Fulton Packing LLC
—
Deed Of Trust
related
$2,000,000 · First America Bank
—
—
Taylor & Fulton Packing LLC
—
Deed Of Trust
related
$6,400,000 · Centennial Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 402 9th W St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
