Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9750 Bud Rhoden Rd Palmetto, FL 34221

    • Commercial real estate
    • 8.33 lot acres
    For Sale
    View listing
    $2,400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3337712
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 9750 Bud Rhoden Rd

    Lot size
    8.33 lot acres
    Property type
    Commercial real estate

    Description

    This 8.33-acre parcel in Palmetto, Florida (34221), located at 9750 Bud Rhoden Rd, presents a unique development opportunity. Zoned Neighborhood Commercial - Medium (NC-M) within unincorporated Manatee County, this site allows for a diverse range of commercial uses, with a maximum building square footage of 30,000 square feet. Permitted uses include retail, personal services, small shopping centers, mixed-use projects, restaurants, medical marijuana dispensaries, clinics, offices, vehicle repairs, and schools. The property's Future Land Use designation of Res-6 permits up to six units per acre, potentially yielding approximately 50 units. Manatee County's affordable housing density bonuses could further increase density to 12 units per acre, making this site ideal for townhomes, apartments, or residential houses. The asking price is $2,400,000, translating to $288,115 per acre. The potential for assembling additional acreage exists. This property offers significant upside for investors seeking a versatile commercial or residential development project in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmetto
    County
    Manatee
    State
    Florida
    Longitude
    -82.52603
    Latitude
    27.602349

    Comparable in this City

    • Contact for pricing
      6.50 Acres

      Prime Palmetto Commercial Land

      ±6.5 Acres, US-301 Frontage
      2308 Us Highway 301, Palmetto, FL 34221
      View Details
    • $773,190
      7.13 Acres

      Prime Palmetto Commercial Land

      7.13 Acres, High Visibility, Zoned GC
      19 At Us 41, Palmetto, FL 34221
      View Details
    • $2,400,000
      8 SF

      Manatee County Development Opportunity

      8.3-acre commercial/residential development site in growing area.
      9750 Bud Rhoden Rd, Palmetto, FL 34221
      View Details
    • $3,600,000

      Versatile 9-Acre Development Opportunity

      9-acre site suitable for retail, office, medical, and more.
      3945 Us-41 N, Palmetto, FL 34221
      View Details
    • $535,000
      2.69 Acres

      Prime Palmetto Land Opportunity

      2.7-acre lot near developing area with potential for residential/commercial use.
      10145 40Th Ave E, Palmetto, FL 34221
      View Details
    • $720,000
      11.52 Acres

      Expansive Land in Booming Palmetto

      Almost 12 acres in northern Manatee County, Florida.
      12870 Grass Farm Rd, Palmetto, FL 34221
      View Details

    Similar Nearby for Sale

    • $89,900

      Prime Palmetto Commercial Land

      15,246 SF Commercial Lot in Palmetto, FL
      302 12Th St, Palmetto, FL 34221
      View Details
    • $1,628,000
      3.42 Acres

      Palmetto Development Land

      3.42 Acres, 22-Unit Potential
      0 Terra Ceia Bay Ln, Palmetto, FL 34221
      View Details
    • $5,750,000

      Palmetto Land Near Port Manatee

      14 +/- acres near Port Manatee and I-275.
      10015 Us Highway 41 N, Palmetto, FL 34221
      View Details
    • $625,000

      Land For Sale Palmetto

      Land available for purchase in Palmetto, Florida.
      5539 2Nd Avenue Cir W, Palmetto, FL 34221
      View Details
    • $2,000,000

      Palmetto Land Subdivision Opportunity

      Land available for future minor subdivision with utilities nearby.
      3009 24Th Ave E, Palmetto, FL 34221
      View Details
    • $1,500,000

      Manatee River Waterfront Estate Lot

      Exceptional waterfront lot ready for your dream home.
      2110 4Th Street Ct, Palmetto, FL 34221
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo
      1,600 SF

      Palmetto Industrial Land with Canopy

      Industrial land with canopy and modular office for lease.
      1908 13Th St E, Palmetto, FL 34221
      View Details
    • $25 SF/Yr
      4,400 SF

      Palmetto Retail Space For Lease

      Prime location, high traffic, 4,400 sq ft.
      1210 10Th St, Palmetto, FL 34221
      View Details
    • $18 SF/Yr
      3,450 SF

      Palmetto Office Space Sublease Available

      Modern Office Suite, 3450 sq ft, Immediate Occupancy
      2510 51St Ave, Palmetto, FL 34221
      View Details
    • $4,000 /Mo
      1,206 SF

      Modern Office Suite on US-41

      Turnkey 1,206 sq ft office suite in Palmetto, Florida.
      10305 Us Highway 41 N, Palmetto, FL 34221
      View Details
    • $18 SF/Yr
      2,640 SF

      Stand Alone Building For Lease

      Stand-alone building suitable for office, medical, or retail use.
      1331 10Th St E, Palmetto, FL 34221
      View Details
    • $17 SF/Yr
      2,750 SF

      Retail Space Available for Lease

      Retail/office space available for lease with great signage.
      937 10Th St E, Palmetto, FL 34221
      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.
    9750 Bud Rhoden Rd
    Palmetto, FL 34221
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.