Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7902 Palm Dr, Unit 1 Holmes Beach, FL 34217-1089
    Back to Search
    Property profile & analytics

    7902 Palm Dr, Unit 1, Holmes Beach, FL 34217-1089

    View on Map
    • Residential income homes
    • 3,708 SF
    • 0.60 lot acres
    Off-Market
    Property ID
    US18-1687883
    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.
    Value Estimations
    $900,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 7902 Palm Dr

    Year built
    1982
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.60 lot acres
    Zone code
    HB_R-2
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    71542.0000-5
    APU
    7154200005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 30, 2001 $737,500 Taylor Family Foundation INC Courtney,lucien W & Marion J Grant Deed —
    Jan 20, 1999 $290,000 Courtney,lucien W & Marion J Callahan,robert F & Veronica M Trustees Deed —
    Jan 20, 1999 — Lucien W Courtney Callahan,robert F & Veronica M Quit Claim Deed · related $286k · Washington Mutual Fsb

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $810,000
      6.5%
      $750,000
      7%
      $695,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $789,000
      Market price range: $471k - $997k

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

    Location Insight

    • Map
    • Local Demand
    City
    Holmes Beach
    County
    Manatee
    State
    Florida
    Longitude
    -82.7266
    Latitude
    27.52
    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
    $1,644
    $1,471,792
    $1,330,247
    $2,802,039
    -
    $1,471,792
    $1,330,247
    $2,802,039

    Comparable in this City

    • Value Estimation by Request
      2,088 SF

      104 23rd St Sta, Unit A

      APARTMENT HOUSE (UNDER 5 UNITS)
      104 23rd St Sta, Bradenton Beach, FL 34217-2205
      View Details
    • Value Estimation by Request
      2,360 SF

      3101 Ave F F

      APARTMENT HOUSE (UNDER 5 UNITS)
      3101 Ave F F, Holmes Beach, FL 34217-2034
      View Details
    • Value Estimation by Request
      2,299 SF

      1703 Gulf N Dr

      APARTMENT HOUSE (UNDER 5 UNITS)
      1703 Gulf N Dr, Bradenton Beach, FL 34217-2326
      View Details
    • Value Estimation
      $595,000
      3,015 SF

      3607 Gulf Dr, Unit A

      APARTMENT HOUSE (UNDER 5 UNITS)
      3607 Gulf Dr, Holmes Beach, FL 34217-2053
      View Details
    • Value Estimation by Request
      1,785 SF

      203 66th St Sta, Unit A

      APARTMENT HOUSE (UNDER 5 UNITS)
      203 66th St Sta, Holmes Beach, FL 34217-1309
      View Details
    • Value Estimation
      $1,850,000
      6,002 SF

      3707 Gulf Dr, Unit A

      APARTMENT HOUSE (UNDER 5 UNITS)
      3707 Gulf Dr, Holmes Beach, FL 34217-1908
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,944 SF

      Turnkey Island Paradise Investment Opportunity

      Eight-unit property near Gulf of Mexico with rental potential.
      102 39Th St, Holmes Beach, FL 34217
      View Details
    • $4,200,000

      Beachfront Property on Anna Maria Island

      Waterfront living with Gulf views. Turnkey property with rental income.
      3007 Avenue F, Holmes Beach, FL 34217
      View Details
    • $1,399,000
      1,500 SF

      Turnkey Duplex Near Beach Access

      Luxurious duplex near the beach, operating as a successful Airbnb.
      3604 Gulf Dr, Holmes Beach, FL 34217
      View Details
    • $3,999,999
      3,266 SF

      Crystal Waves Oasis

      Bradenton Beach Short Term Rental Beast - 7 beds, $400k gross potential, steps to sand
      108 11Th St S, Bradenton Beach, FL 34217
      View Details

    Similar Nearby for Lease

    • $1,495 /Mo
      988 SF

      Anna Maria Island Office Space

      Move-in ready office space in Holmes Beach, Florida.
      3909 E Bay Dr, Holmes Beach, FL 34217
      View Details
    • $17,940 /Mo

      Move-in Ready Holmes Beach Office

      Well-equipped office space in a prime Anna Maria Island location.
      3909 E Bay Dr, Bradenton Beach, FL 34217
      View Details
    • $25 SF/Yr

      Anna Maria Island Retail Space

      Retail space available for lease on Anna Maria Island.
      5348 Gulf Dr, Holmes Beach, FL 34217
      View Details
    • $27 SF/Yr

      Updated Retail Space on Island

      1,400 SF retail property in high-demand island destination.
      5368 Gulf Dr, Holmes Beach, FL 34217
      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.
    7902 Palm Dr, Unit 1
    Holmes Beach, FL 34217-1089
    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

    Thank You for Inquiry
    7902 Palm Dr, Holmes Beach, FL, 34217
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!