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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Office buildings
433 8th W Ave, Palmetto, FL 34221-5119
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US18-3906401
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1925
Construction
TYPE NOT SPECIFIED
Total area
3,696 SF
Lot
0.31 ac (13,560 SF)
Zoning code
PL_CC
APN
27563.0000-6
UPID
US18-3906401
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
-
FuryLaw Law Firm
-
Karma Behavioral Consulting, LLC Crisis Center Medical Clinic
-
Kallins, Little & Brosious, P.A. - HARDBALL LAW Law Firm
-
Palmetto ComCenter Business Park
-
Luxury Smiles, By Jay LLC Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$860k
Blend (final)
Blend
$670k
Owner & transaction history
Kali Building INC · 22 yrs held
Kali Building INC
since 2003
7 recorded transactions
Zoning & alternative use
PL_CC · Palmetto, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+26.8%
Commercial (general)
$1.1M
+21.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$875,000
Current use
RETAIL STORES
$1,105,000
Change: +27% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,060,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$181 / 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
$9,242
Tax year 2023
Assessed value
$433,258
Assessed 2023
Previous assessed
$456,736
-5.1% YoY
Effective rate
2.13%
On assessed value
Assessed land
$154,156
Assessed improvement
$279,102
Land market value
$154,156
Improvement market value
$279,102
Total market value
$433,258
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1925
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Total area
3,696 SF
Lot
0.31 ac (13,560 SF)
Zoning code
PL_CC
APN
27563.0000-6
UPID
US18-3906401
Jurisdiction
MANATEE
Zoning & alternative use
PL_CC · Palmetto, FL
Zoning PL_CC · permitted uses
PL_CC · 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
OFFICE BUILDING Current
Est. value
$875,000
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING 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
1925
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Kali Building INC
Entity
Mailing address
433 8TH AVE W, PALMETTO, FL 34221-5119
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
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
Aug 5, 2003
$325,000
Kali Building INC
Manny,john L & Bonnie J
Grant Deed
$80,000 · Regions Bank
Aug 2, 2002
$200,000
John L Manny
Balsinger,goldie
Grant Deed
—
—
—
Kali Building INC
—
Deed Of Trust
related
$1,079,000 · First Sthrn Bk
—
—
Kali Building INC
—
Deed Of Trust
related
$305,000 · First Of America Bank
—
—
Kali Building INC
—
Deed Of Trust
related
$285,000 · First Priority Bank
—
—
Kali Building INC
—
Deed Of Trust
related
$493,000 · Valley Nat'l Bk
—
—
Kali Building INC
—
Deed Of Trust
related
$590,000 · Florida Shores Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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