Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    704 10th W St Palmetto, FL 34221-3806

    • Investment properties
    • 2,500 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimations
    $560,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3163019
    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

    • Full Circle Heating & Cooling LLC / HVAC Service / General Contractor

    Property Details for 704 10th W St

    Year built
    1956
    Lot size
    0.42 lot acres
    Property size
    2,500 SF
    Zone code
    PL_CG
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    26526.0000-4
    APU
    2652600004

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $730,000
      6.5%
      $675,000
      7%
      $625,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $720,000
      Current use
      AUTO REPAIR, GARAGE
      $805,000
      Change: +12% Conversion: Difficult
      RETAIL STORES
      $750,000
      Change: +4% Conversion: Easy
      OFFICE BUILDING
      $590,000
      Change: -18% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palmetto
    County
    Manatee
    State
    Florida
    Longitude
    -82.5719
    Latitude
    27.5215
    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
    $6,254
    $223,978
    $205,088
    $429,066
    -
    $223,978
    $205,088
    $429,066

    Comparable in this City

    • Value Estimation
      $620,000
      3,345 SF

      1811 8th W Ave

      STORE/OFFICE (MIXED USE) • 3,345 SF
      1811 8th W Ave, Palmetto, FL 34221-3164
      View Details
    • Value Estimation by Request
      1,868 SF

      609 8th W St

      STORE/OFFICE (MIXED USE) • 1,868 SF
      609 8th W St, Palmetto, FL 34221-4723
      View Details
    • Value Estimation by Request
      2,440 SF

      419 10th W Ave

      STORE/OFFICE (MIXED USE) • 2,440 SF
      419 10th W Ave, Palmetto, FL 34221-5031
      View Details
    • Value Estimation
      $605,000
      4,131 SF

      2808 10th W St

      STORE/OFFICE (MIXED USE) • 4,131 SF
      2808 10th W St, Palmetto, FL 34221-3402
      View Details
    • Value Estimation
      $3,000,000
      12,100 SF

      1170 8th W Ave

      STORE/OFFICE (MIXED USE) • 12,100 SF
      1170 8th W Ave, Palmetto, FL 34221-3810
      View Details
    • Value Estimation
      $1,940,000
      8,400 SF

      4903 96th E St

      STORE/OFFICE (MIXED USE) • 8,400 SF
      4903 96th E St, Palmetto, FL 34221
      View Details

    Similar Nearby for Sale

    • $400,000
      3,756 SF

      High-Traffic Palmetto Mixed-Use

      Prime Hwy 19 location, high visibility, great potential.
      4223 Us Highway 19, Palmetto, FL 34221
      View Details
    • $3,500,000
      3 SF

      Palmetto Mixed-Use Development Opportunity

      Prime 3.4-acre mixed-use development site in Palmetto, Florida.
      834 Riverside Dr, Palmetto, FL 34221
      View Details
    • $695,000
      10.00 Acres

      10 Acres in East Palmetto

      10-acre parcel ideal for low-density residential development.
      3002 16Th Ave E, Palmetto, FL 34221
      View Details
    • $695,000

      East Palmetto Development Opportunity

      10-acre parcel for low-density residential development in East Palmetto.
      3002 16Th Avenue Cir, Palmetto, FL 34221
      View Details
    • $2,500,000
      12,668 SF

      Light Industrial Facility Near Port

      Meticulously maintained warehouse with office near major transportation routes.
      2200 Frog Echo Rd, Palmetto, FL 34221
      View Details
    • $2,500,000

      Palmetto Land Near Port Manatee

      17.42 acres near Port Manatee, ideal for commercial or industrial.
      12000 Us Highway 41 N, Palmetto, FL 34221
      View Details

    Similar Nearby for Lease

    • $48 SF/Yr
      16,822 SF

      Palmetto Waterfront Office Space

      Prestigious riverfront office, stunning views.
      1001 Riverside Dr, Palmetto, FL 34221
      View Details
    • Contact for pricing
      2,035 SF

      Resort Retail Space Available

      Retail spaces and pads for lease in Marriott Resort Hotel.
      650 Us Highway 41 N, Palmetto, FL 34221
      View Details
    • Contact for pricing
      6,500 SF

      Resort Retail Space Available

      Retail spaces and pads for lease in Marriott Resort Hotel.
      600 Us Highway 41 N, 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
    • $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
    • $4,000 /Mo
      1,206 SF

      Modern Office Suite on US-41

      Turnkey 1,206 sq ft office suite in Palmetto, Florida.
      10305 Us Highway 41 N, Palmetto, FL 34221
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    704 10th W St
    Palmetto, FL 34221-3806
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.