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    Property profile & analytics

    516 12th St Wa Palmetto, FL 34221-3815

    • Residential income homes
    • 1,224 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $260,000
    Location Intelligence
    Property ID
    US18-5166357
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 516 12th St Wa

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.11 lot acres
    Property size
    1,224 SF
    Zone code
    PL_RM-6
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    26474.0010-9
    APU
    2647400109

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $255,000

    • CAP approach

      CAP return
      Estimation
      6%
      $265,000
      6.5%
      $310,000
      7%
      $315,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $275,000
      Geo Method
      $255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $295,000
      Retail
      $320,000
      Mixed-Use
      $230,000
      Hospitality
      $280,000
      Educational
      $235,000
      Residential Income
      $310,000
      Energy
      $270,000
      Income-Based Land
      $260,000
      Food Service
      $265,000

    Location Insight

    • Map
    • Local Demand
    City
    Palmetto
    County
    Manatee
    State
    Florida
    Longitude
    -82.5702
    Latitude
    27.5242
    CBSA code
    35840
    CBSA name
    NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,743
    $25,500
    $87,378
    $112,878
    -
    $25,500
    $87,378
    $112,878

    Comparable in this City

    • Value Estimation
      $210,000
      1,224 SF

      518 12th St Wa

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,224 SF
      518 12th St Wa, Palmetto, FL 34221-3815
      View Details
    • Value Estimation
      $290,000
      1,668 SF

      344 10th W Ave, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,668 SF
      344 10th W Ave, Palmetto, FL 34221-5050
      View Details
    • Value Estimation
      $260,000
      1,800 SF

      2715 6th Ave Ea

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,800 SF
      2715 6th Ave Ea, Palmetto, FL 34221-2315
      View Details
    • Value Estimation
      $195,000
      1,728 SF

      1228 72nd E St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,728 SF
      1228 72nd E St, Palmetto, FL 34221-8339
      View Details
    • Value Estimation
      $190,000
      1,832 SF

      1503 72nd St E Ct

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,832 SF
      1503 72nd St E Ct, Palmetto, FL 34221-8362
      View Details
    • Value Estimation
      $340,000
      3,000 SF

      1009 11th W Ave, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,000 SF
      1009 11th W Ave, Palmetto, FL 34221-3702
      View Details

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    Similar Nearby for Lease

    • $25 SF/Yr
      4,400 SF

      Palmetto Retail Space For Lease

      Prime location, high traffic, 4,400 sq ft.
      1210 10Th St, Palmetto, FL 34221
      View Details
    • $18 SF/Yr
      3,450 SF

      Palmetto Office Space Sublease Available

      Modern Office Suite, 3450 sq ft, Immediate Occupancy
      2510 51St Ave, Palmetto, FL 34221
      View Details
    • $4,000 /Mo
      1,206 SF

      Modern Office Suite on US-41

      Turnkey 1,206 sq ft office suite in Palmetto, Florida.
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      View Details
    • $18 SF/Yr
      2,640 SF

      Stand Alone Building For Lease

      Stand-alone building suitable for office, medical, or retail use.
      1331 10Th St E, Palmetto, FL 34221
      View Details
    • $14 SF/Yr
      5,375 SF

      Palmetto Office Space For Rent

      Highly desirable office space in downtown Palmetto with ample parking.
      410 8Th Ave W, Palmetto, FL 34221
      View Details
    • $17 SF/Yr
      2,750 SF

      Retail Space Available for Lease

      Retail/office space available for lease with great signage.
      937 10Th St E, Palmetto, FL 34221
      View Details
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    Palmetto, FL 34221-3815
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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