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Property profile & analytics
OFF-MARKET
Office buildings
505 7th W St, Palmetto, FL 34221-4701
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3643617
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Construction
CONCRETE
Total area
2,360 SF
Lot
0.33 ac (14,218 SF)
Zoning code
PL_CHI
APN
27731.0045-9
UPID
US18-3643617
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
-
Fisher Nets Inc Store Entertainment And Recreation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
5th Avenue Rr Holding LLC · 1 yrs held
5th Avenue Rr Holding LLC
since 2024
Last sale
$375,000
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,437
Tax year 2023
Assessed value
$244,148
Assessed 2023
Previous assessed
$202,161
+20.8% YoY
Effective rate
2.23%
On assessed value
Assessed land
$45,421
Assessed improvement
$198,727
Land market value
$45,421
Improvement market value
$198,727
Total market value
$244,148
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
1973
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
2,360 SF
Lot
0.33 ac (14,218 SF)
Zoning code
PL_CHI
APN
27731.0045-9
UPID
US18-3643617
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.
Building & site characteristics
From public records
Year built
1973
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
5th Avenue Rr Holding LLC
Entity
Mailing address
505 7TH ST W, PALMETTO, FL 34221-4701
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2024
$375,000
5th Avenue Rr Holding LLC
Fisher Nets INC
Special Warranty Deed
—
Sep 25, 2020
—
Fisher Nets INC
—
Deed
related
$133,200 · Centerstate Bk NA
Jul 24, 2020
—
Fisher Nets INC
Fisher Thomas G Trust
Quit Claim Deed
related
—
Jun 24, 2010
—
Fisher,thomas G Trust
—
Trustees Deed
related
$20,000 · First Of America Bk
Jul 3, 2001
$137,000
Fisher Trust
King,max E & Delores C
Grant Deed
—
—
—
Fisher,thomas G Trust
—
Loan Modification
related
$110,000 · First Of America Bk
—
—
Fisher,thomas G Trust
—
Loan Modification
related
—
—
—
Fisher,thomas G Trust
—
Loan Modification
related
—
—
—
Max E King
—
Deed Of Trust
related
$35,800 · Us Small Business Admn
—
—
Fisher,thomas G Trust
—
Loan Modification
related
$100,970 · First America Bk
—
—
Fisher,thomas G Trust
—
Loan Modification
related
$20,000 · First America Bk
—
—
Fisher,thomas G Trust
—
Loan Modification
related
$15,921 · First America Bank
—
—
Fisher Trust
—
Deed Of Trust
related
$50,000 · Coast Bank Of Florida
—
—
Fisher Nets INC
—
Loan Modification
related
$133,200 · Centerstate Bk NA
—
—
Fisher,thomas G Trust
—
Loan Modification
related
$130,000 · First Of America 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.
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