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Property profile & analytics
OFF-MARKET
Estimated value
$2,600,000
Assisted living facilities
820 5th W St, Palmetto, FL 34221-5018
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-4644348
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1954
Construction
TYPE NOT SPECIFIED
Total area
32,338 SF
Lot
1.27 ac (55,321 SF)
Zoning code
PL_CC,PL_RM-6
APN
27544.0005-5
UPID
US18-4644348
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
-
Manatee River Assisted Living Nursing Home Retirement Community
-
Dr. Cassie Leutzinger Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.60M
Owner & transaction history
Dynamite Investment LLC · 1 yrs held
Dynamite Investment LLC
since 2024
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
PL_CC,PL_RM-6 · Palmetto, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.0M
+185.4%
Commercial (general)
$2.9M
+176.1%
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
$2,600,000
ML approach
$2,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,975,000
Change: +185% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,875,000
Change: +176% · Conversion: Difficult
Blend value · Realmo final
$2.60M
Range $2.34M – $2.86M · ±10% · vs last sale $2.60M (Dec 26 2024)
Last sale anchor
$2.60M
Dec 26 2024
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
$80 / 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
$44,670
Tax year 2023
Assessed value
$2,228,318
Assessed 2023
Previous assessed
$2,048,241
+8.8% YoY
Effective rate
2.00%
On assessed value
Assessed land
$223,771
Assessed improvement
$2,004,547
Land market value
$223,771
Improvement market value
$2,004,547
Total market value
$2,228,318
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1954
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Units
65
Bathrooms
4
Total area
32,338 SF
Lot
1.27 ac (55,321 SF)
Zoning code
PL_CC,PL_RM-6
APN
27544.0005-5
UPID
US18-4644348
Jurisdiction
MANATEE
Zoning & alternative use
PL_CC,PL_RM-6 · Palmetto, FL
Zoning PL_CC,PL_RM-6 · permitted uses
PL_CC,PL_RM-6 · 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
RETAIL STORES
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.9M
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
1954
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Units
65
Bathrooms
4
Lot
1.27 ac
Current owner
From public records · entity-resolved
Dynamite Investment LLC
Entity
Mailing address
4391 POMPANO LN, PALMETTO, FL 34221-5623
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2024
$2,599,900
Dynamite Investment LLC
James J Biggins
Warranty Deed
$1,323,200 · Dfcu Financial
Apr 9, 2020
—
Biggins,shirley R Trust
—
Deed
related
$3,472,000 · First Sthrn Bk
Jul 18, 2014
—
Biggins,shirley R Living Trust
Biggins,shirley R
Quit Claim Deed
related
—
Jun 12, 2007
—
Creek Assisted Living Cypress
—
Trustees Deed
related
$180,028 · M & I Marshall & Isley Bank
Sep 8, 2004
—
James E Biggins
—
Trustees Deed
related
$100,000 · Gold Bank NA
—
—
Biggins,shirley R Living Trust
—
Loan Modification
related
—
—
—
Biggins,shirley R Trust
—
Deed Of Trust
related
$3,472,000 · First Sthrn Bk
—
—
James E Biggins
—
Deed Of Trust
related
$73,849 · Horizon Bank
—
—
James E Biggins
—
Deed Of Trust
related
$40,000 · Horizon Bank
—
—
James E Biggins
—
Deed Of Trust
related
$150,000 · First American Savings Bank
—
—
Creek Assisted Living Cypress
—
Deed Of Trust
related
$2,700,000 · American 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.
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