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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Warehouses
5310 Us Hwy 41st N, Palmetto, FL 34221-2000
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-3651228
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1988
Total area
3,293 SF
Lot
5.8 ac (252,648 SF)
Zoning code
HC
APN
22641.1000-4
UPID
US18-3651228
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
$525k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$560k
Owner & transaction history
Hwy41 Storage LLC · 7 yrs held
Hwy41 Storage LLC
since 2018
7 recorded transactions
Zoning & alternative use
HC · Palmetto, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$775,000
+46.4%
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
$605,000
CAP Approach
CAP Return
Estimation
6%
$570,000
6.5%
$525,000
7%
$490,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$530,000
Current use
OFFICE BUILDING
$775,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$170 / 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
$65,957
Tax year 2023
Assessed value
$4,019,317
Assessed 2023
Previous assessed
$3,198,287
+25.7% YoY
Effective rate
1.64%
On assessed value
Assessed land
$433,188
Assessed improvement
$3,586,129
Land market value
$433,188
Improvement market value
$3,586,129
Total market value
$4,019,317
Applied tax rate
1.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Heating
NONE
Cooling
CENTRAL
Buildings
8
Stories
1
Units
1
Bathrooms
5
Total area
3,293 SF
Lot
5.8 ac (252,648 SF)
Zoning code
HC
APN
22641.1000-4
UPID
US18-3651228
Jurisdiction
MANATEE
Zoning & alternative use
HC · Palmetto, FL
Zoning HC · permitted uses
HC · 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
WAREHOUSE, STORAGE Current
Est. value
$530,000
OFFICE BUILDING
Est. value
$775,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
Heating
NONE
Cooling
Yes
Stories
1
Buildings
8
Units
1
Bathrooms
5
Lot
5.8 ac
Current owner
From public records · entity-resolved
Hwy41 Storage LLC
Entity
Mailing address
PO BOX 2116, AUSTIN, TX 78768-2116
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2018
$2,780,600
Hwy41 Storage LLC
Jm Assets Ams Tic LLC
Grant Deed
$102,100,000 · Heitman Credit Acquisition Xi
May 2, 2017
—
Jm Assets Ams Tic LLC
—
Deed
related
$2,313,750 · First Nat'l Bk/pasco
Mar 7, 2017
—
Jm Assets Ams Tic LLC
—
Deed
related
$787,500 · Sovereign Bk
Jan 28, 2016
$1,050,000
Jm Assets Ams Tic LLC
Manatee Mini Storage LLC
Special Warranty Deed
—
Sep 18, 2015
—
Manatee Mini-storage LLC
Bank Of The Ozarks
Grant Deed
—
Jun 9, 2015
$827,100
Bank Of The Ozarks
Coutts Marilyn J Coc
Trustees Deed
related
—
Aug 6, 2007
—
Marilyn J Coutts
Owner,record
Grant Deed
related
—
Apr 2, 2004
$1,500,000
Donald A Coutts
Tusing,jayson W & Martha T
Grant Deed
$1,500,000 · Horizon Bank
Apr 2, 2004
—
Donald A Coutts
Jayson,w Tusing Tr
Quit Claim Deed
related
—
—
—
Jm Assets Ams Tic LLC
—
Loan Modification
related
$787,500 · Sovereign Bk
—
—
Jm Assets Ams Tic LLC
—
Loan Modification
related
$2,313,750 · First Nat'l Bk/pasco
—
—
Donald A Coutts
—
Deed Of Trust
related
$100,000 · Horizon 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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