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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Investment properties
837 8th W Ave Palmetto, FL 34221-4709
Entity Owned
12-yr Hold
Free & Clear
Property ID
US18-2435402
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1979
Total area
3,500 SF
Lot
0.18 ac (7,990 SF)
Zoning code
PL_CC
APN
26965.0000-4
UPID
US18-2435402
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
-
Liberty Tax Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$647k
Blend (final)
Blend
$505k
Owner & transaction history
Elgee Properties INC · 12 yrs held
Elgee Properties INC
since 2014
6 recorded transactions
Zoning & alternative use
PL_CC · Palmetto, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$825,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±10%
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
$144 / 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
$5,533
Tax year 2023
Assessed value
$276,929
Assessed 2023
Previous assessed
$248,554
+11.4% YoY
Effective rate
2.00%
On assessed value
Assessed land
$69,666
Assessed improvement
$207,263
Land market value
$69,666
Improvement market value
$207,263
Total market value
$276,929
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1979
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
2
Total area
3,500 SF
Lot
0.18 ac (7,990 SF)
Zoning code
PL_CC
APN
26965.0000-4
UPID
US18-2435402
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
Est. value
$825,000
OFFICE BUILDING
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
1979
Heating
NONE
Cooling
Yes
Stories
1
Units
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Elgee Properties INC
Entity
Free & Clear · 12 yrs held
Mailing address
4812 26TH ST W, BRADENTON, FL 34207-1705
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2014
$165,000
Elgee Properties INC
Ravadgar,manouchehr
Warranty Deed
—
Apr 9, 2012
$125,000
Morris Roger C Living Trust
Palmetto Properties Trust
Deed In Lieu Of Foreclosure
—
Apr 9, 2012
$100,000
Manouchehr Ravadgar
Morris Roger C Living Trust
Warranty Deed
—
Aug 25, 2005
$375,000
Palmetto Properties Trust
Morris,roger C
Warranty Deed
$145,000 · Morris Roger C Trust (tr)
Oct 23, 1997
$150,000
Roger C Morris
Smalls,henry L
Grant Deed
—
Apr 18, 1997
$159,000
Henry L Smalls
Morris,roger C
Grant Deed
$140,991 · Seller
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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