Property profile

7219 Us Hwy 41st N Palmetto, FL 34221

OFF-MARKET
Grocery and convenience stores
Property ID
US18-4857127
4,400 SF 1.75 ac lot Built 2007
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7.61-acre industrial property in Palmetto, Florida, offers unparalleled commercial potential. Boasting 333,000 square feet and approximately 610 feet of direct frontage on US Highway 41 North, this site benefits from exceptional visibility and accessibility. Located just 2.4 miles from the I-75 and I-275 intersection and a mere 0.5 miles from I-275 exit #2, this location provides seamless connectivity to major transportation arteries. The property is already zoned PD-I, allowing for a wide range of commercial uses. High traffic counts are a significant advantage, with Florida Department of Transportation reporting an average daily traffic count of 33,000 vehicles on US Highway 41 North in 2021. The property's strategic location, only 20 miles from both St. Petersburg and Sarasota's vibrant downtowns and 17 miles from Sarasota-Bradenton International Airport, further enhances its appeal. This prime location is within a rapidly growing area, experiencing significant commercial development along the bustling I-75 corridor. The seller is open to considering the division of the property, with approximately 2.5 acres of outparcels available along US Highway 41 North. This presents a unique opportunity for investors and developers seeking a high-impact commercial investment in a thriving market.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 2007
Total area 4,400 SF
Lot 1.75 ac (76,056 SF)
Zoning code PD-I
APN 6767.0020-9
UPID US18-4857127

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Post Office

Location

7219 Us Hwy 41st N Palmetto, FL 34221-9610
Palmetto metro Census 1604 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$9.05M

Owner & transaction history

since 2023
Last sale
$10.9M
7 recorded transactions
2023
$10.9M
2022
$5.9M
2006
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

PD-I · 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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