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Property profile & analytics
OFF-MARKET
Estimated value
$4,215,000
Office buildings
737 8th W Ave, Palmetto, FL 34221-4707
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-8450039
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1921
Total area
19,400 SF
Lot
1.83 ac (79,845 SF)
Zoning code
PL_CC
APN
27000.0100-9
UPID
US18-8450039
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
-
Subway Take-out & Catering Catering Service
-
Adams Alternative Medicine Practice
-
Amscot - The Money Superstore Loan Service
-
Whittles Plaza Business Service Center Corporate Office
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.55M
CAP Approach
CAP
$5.20M
Comparable Approach
Comparable
$4.26M
Blend (final)
Blend
$4.22M
Owner & transaction history
Palmetto Dsc LLC · 4 yrs held
Palmetto Dsc LLC
since 2022
Last sale
$4.4M
7 recorded transactions
Zoning & alternative use
PL_CC · Palmetto, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.2M
+36.3%
Retail stores
$5.8M
+26.8%
Commercial (general)
$5.6M
+21.7%
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
$3,490,000
ML approach
$3,545,000
CAP Approach
CAP Return
Estimation
6%
$5,630,000
6.5%
$5,200,000
7%
$4,825,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,580,000
Current use
AUTO REPAIR, GARAGE
$6,245,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$5,805,000
Change: +27% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,575,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$4.22M
Range $3.79M – $4.64M · ±10% · vs last sale $4.40M (Feb 25 2022)
Last sale anchor
$4.40M
Feb 25 2022
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
$217 / 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
$81,929
Tax year 2023
Assessed value
$3,733,412
Assessed 2023
Previous assessed
$3,314,587
+12.6% YoY
Effective rate
2.19%
On assessed value
Assessed land
$441,548
Assessed improvement
$3,291,864
Land market value
$441,548
Improvement market value
$3,291,864
Total market value
$3,733,412
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
Off-Market
Year built
1921
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
19,400 SF
Lot
1.83 ac (79,845 SF)
Zoning code
PL_CC
APN
27000.0100-9
UPID
US18-8450039
Jurisdiction
MANATEE
Zoning & alternative use
PL_CC · Palmetto, FL
Zoning PL_CC · permitted uses
PL_CC · 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
OFFICE BUILDING Current
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$6.2M
RETAIL STORES
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$5.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1921
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
1.83 ac
Current owner
From public records · entity-resolved
Palmetto Dsc LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 5655, LAKELAND, FL 33807-5655
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2022
$4,400,000
Palmetto Dsc LLC
Palmetto 737 LLC
Warranty Deed
—
Apr 16, 2020
—
Palmetto 737 LLC
—
Deed
related
$2,000,000 · Sabal Palm Bk
May 28, 2019
$100
Pratt Investments LLC
Pratt Betty Trust
Quit Claim Deed
related
—
Apr 22, 2015
—
Palmetto 737 LLC
Treasure Cove Dev Corp
Grant Deed
related
—
Feb 19, 2015
—
Palmetto 737 LLC
Treasure Cove Dev Corp
Grant Deed
related
—
Jan 7, 2015
$2,350,000
Palmetto 737 LLC
Treasure Cove Dev Corp
Trustees Deed
$1,350,000 · Insignia Bk
Jun 2, 2005
$3,000,000
Treasure Cove Dev Corp
Mohamed & Sons INC
Warranty Deed
—
—
—
Treasure Cove Dev Corp
—
Deed Of Trust
related
$1,950,000 · Miscellaneous Ins Co
—
—
Palmetto 737 LLC
—
Deed Of Trust
related
$2,000,000 · Sabal Palm Bk
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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