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Property profile & analytics
FOR SALE
Office buildings
600 W 8Th Ave, Palmetto, FL 34221
Individually Owned
27-yr Hold
~
Est. High Equity
Property ID
US18-0634182
For Sale
1 / 2
$6,000,000
600 W 8Th Ave, Palmetto, FL 34221
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1961
Construction
TYPE NOT SPECIFIED
Total area
46,145 SF
Lot
2.99 ac (130,070 SF)
Zoning code
PL_CC,PL_CG,PL_GO
APN
27831.0010-6
UPID
US18-0634182
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
-
Florida Division of Blind Services Charitable Organization Social Service Agency
-
Shekinah Counseling and Consulting LLC Counselor
-
Shekinah Counseling, Brie-Anna Willey, LMHC Counselor
-
Diversity Initiative Employment Agency
-
Vocational Rehabilitation State Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.88M
Blend (final)
Blend
$3.99M
Owner & transaction history
600 Palmetto · 27 yrs held
600 Palmetto
since 1998
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
PL_CC,PL_CG,PL_GO · 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
Method
Estimation
Statistic approach
$4,465,000
ML approach
$4,530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.99M
Range $3.59M – $4.38M · ±10% · vs last sale $3.52M (May 1 2020)
Last sale anchor
$3.52M
May 1 2020
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
$86 / 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
$70,209
Tax year 2023
Assessed value
$3,309,801
Assessed 2023
Previous assessed
$3,042,825
+8.8% YoY
Effective rate
2.12%
On assessed value
Assessed land
$530,947
Assessed improvement
$2,778,854
Land market value
$530,947
Improvement market value
$2,778,854
Total market value
$3,309,801
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
For Sale
Year built
1961
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
5
Units
1
Total area
46,145 SF
Lot
2.99 ac (130,070 SF)
Zoning code
PL_CC,PL_CG,PL_GO
APN
27831.0010-6
UPID
US18-0634182
Jurisdiction
MANATEE
Zoning & alternative use
PL_CC,PL_CG,PL_GO · Palmetto, FL
Zoning PL_CC,PL_CG,PL_GO · permitted uses
PL_CC,PL_CG,PL_GO · 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
1961
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
5
Buildings
2
Units
1
Lot
2.99 ac
Current owner
From public records · entity-resolved
600 Palmetto
Individual
Mailing address
600 8TH AVE W STE #203, PALMETTO, FL 34221-5162
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1998
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
Jul 19, 1999
—
600 Palmetto Lc
—
Grant Deed
related
$319,580 · American Bank
Jul 17, 1998
$1,125,000
600 Palmetto
Southtrust Bank NA
Grant Deed
$775,000 · American Bank
—
—
600 Palmetto Lc
—
Deed Of Trust
related
$20,000 · M & I Marshall & Isley Bank
—
—
600 Palmetto Lc
—
Deed Of Trust
related
$1,094,581 · First National Bank Pa
—
—
600 Palmetto Lc
—
Deed Of Trust
related
$100,000 · American Bank
—
—
600 Palmetto Lc
—
Loan Modification
related
$1,163,328 · Bank Of Commerce
—
—
600 Palmetto Lc
—
Deed Of Trust
related
$50,000 · M & I Marshall & Isley 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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