Property profile

516 7th W Ave 1 Palmetto, FL 34221

OFF-MARKET
Residential income homes
Property ID
US18-4057762
3,072 SF 0.17 ac lot Built 1906
Individually Owned 3-yr Hold
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Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1906
Construction WOOD
Total area 3,072 SF
Lot 0.17 ac (7,392 SF)
Zoning code PL_RM-6
APN 27779.0000-8
UPID US18-4057762

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

516 7th W Ave, Unit 1 Palmetto, FL 34221-5155
Palmetto metro Census 1300 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2022
Last sale
$460,000
6 recorded transactions
2022
$460,000
2022
$400,000
2014
$160,000
2009
Price N/A
2008
Price N/A
2004
$200,000

Zoning & alternative use

PL_RM-6 · Palmetto, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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