506 4th Ave W, Palmetto | Leased Medical Office CAP rate 6.26.
$845,000 · 3,171 SF · NOI $59,556 Fully leased, single-tenant medical office occupied by Millennium Medical on a NNN lease with annual rent escalations and two 2-year renewal options — a passive, inflation-hedged income stream with no landlord responsibility for taxes, insurance, or maintenance.
The purpose-built medical layout includes seven exam rooms, three private physician offices, a dedicated lab, and a staff kitchen/lounge. Three new HVAC systems were recently installed, eliminating the largest near-term capital expense a buyer would otherwise face.
At $315/SF with in-place NNN rent of $18.78/SF, the property offers durable cash flow with built-in growth in Palmetto’s expanding Manatee County medical corridor.
$845,000 · 3,171 SF · NOI $59,556 Fully leased, single-tenant medical office occupied by Millennium Medical on a NNN lease with annual rent escalations and two 2-year renewal options — a passive, inflation-hedged income stream with no landlord responsibility for taxes, insurance, or maintenance.
The purpose-built medical layout includes seven exam rooms, three private physician offices, a dedicated lab, and a staff kitchen/lounge. Three new HVAC systems were recently installed, eliminating the largest near-term capital expense a buyer would otherwise face.
At $315/SF with in-place NNN rent of $18.78/SF, the property offers durable cash flow with built-in growth in Palmetto’s expanding Manatee County medical corridor.
Property Details
Price:
$845,000
MLS #:
A4703877
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Medical Office
Subdivision:
EAST PALMETTO
Neighborhood:
34221palmettorubonia
Listed Date:
Aug 24, 2026
Finished Sq Ft:
3,171
Total Sq Ft:
3,213
Lot Size:
26,127 sqft / 0.60 acres (approx)
Year Built:
1978
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Block, Concrete, Stucco
Roof
Shingle
Window Features
Window Treatments
Financial
Tax Year
2025
Taxes
$8,760
Map
Community
- Address506 4TH AVENUE W PALMETTO FL
- SubdivisionEAST PALMETTO
- CityPALMETTO
- CountyManatee
- Zip Code34221
Subdivisions in PALMETTO
- 1050; N 1/4 OF 15/34/17
- 1160; MISC AC PALMETTO
- 2206000; PALMETTO SKYWAY SECTION 1
- A D COXS
- A R ANTHONYS SUB OF PT SEC14&23 T34 R17
- ACREAGE
- ACREAGE & UNREC
- ADWORTH RESUBDIVIDED
- ALEXANDERS RESUBDIVIDED
- AMANDA LEE ADD
- AMBER GLEN
- AMBERWYND SNEAD ISLAND ESTATES WEST 1-B
- ARBOR CREEK
- ARDMORE
- ARTISAN LAKES EAVES BEND PH I SP A-K
- ARTISAN LAKES EAVES BEND PH II SUBPH A,
- ARTISAN LAKES EDGESTONE
- ARTISAN LAKES EDGESTONE NORTH PH I & II
- ARTISAN LAKES ESPLANADE
- ARTISAN LAKES ESPLANADE PH I SP A-D
- ARTISAN LAKES ESPLANADE PH II
- ARTISAN LAKES ESPLANADE PH III SP A-E
- ARTISAN LAKES ESPLANADE PH IV SUBPH A, B,
- ARTISAN LAKES ESPLANADE PH IV SUBPH A,B,
- ARTISAN LAKES ESPLANADE PH V SUBPH A1 A2
- ARTISAN LAKES ESPLANADE PH V SUBPH B & C
- ARTISAN LAKES ESPLANADE PH V SUBPH D & E
- ARTISAN LAKES ESPLANADE PHASE III
- ARTISAN LAKES ESPLANADE PHASE III SP A-E
- ARTISAN LAKES PRCL J PH 2A, 2B & 2C
- ARTISAN LAKES PRCL J PH I & II
- ATZROTH ADD TO PALMETTO
- BAHIA VISTA
- BAY CLUB PH II
- BAY ESTATES NORTH
- BAY VIEW PARK REV
- BAYOU ESTATES NORTH IIA & IIB
- BECK ESTATES MEDOZA RD ACREAGE
- BEL MARE PH I
- BEL MARE PH II
- BOCCAGE
- BONITA VISTA APARTMENTS
- BURKES
- CAPTAINS COURT
- CAY AT COASTERRA
- COASTERRA
- COURTNEYS RESUB
- COVE AT COASTERRA
- CRYSTAL LAKES
- CRYSTAL LAKES II
- CURIOSITY CREEK
- CYPRESS POND ESTATES
- DEER RUN AT PALM VIEW
- EAST POINT OGDEN
- EAST TERRA CEIA
- EAVES BEND AT ARTISAN LAKES
- EDGESTONE AT ARTISAN LAKES
- ERIE RD/MENDOZA/MOCASSIN WALLOW
- ESPLANADE ARTISAN LAKES
- ESPLANADE AT ARTISAN LAKES
- ESPLANADE AT COASTERRA
- ESPLANADE NORTH AT ARTISAN LAKES SUBPH I
- FAIRWAY OAKS PH 1
- FAIRWAY PALMS
- FAIRWAY TRACE
- FAIRWAYS AT IMPERIAL LAKEWOODS 1A1
- FAIRWAYS AT IMPERIAL LAKEWOODS 1A2,1B&2B
- FAIRWAYS AT IMPERIAL LAKEWOODS 2A,3B&3C
- FAIRWAYS AT IMPERIAL LAKEWOODS 3A
- FOSTERS CREEK
- FOSTERS CREEK UNIT II
- GILLETTE GROVE
- GULF & BAY ESTATES BLOCKS 4-7
- GULF & BAY ESTATES UNIT 4 CORR
- HAMMOCKS AT RIVIERA DUNES
- HEATHER GLEN PH II
- HERITAGE BAY
- HERON BAY
- HERON CREEK PH I
- HIDDEN MEADOWS
- IMPERIAL LAKES
- IMPERIAL LAKES ESTATES
- IMPERIAL LAKES ESTATES UNIT II
- IMPERIAL LAKES ESTATES UNIT III
- IMPERIAL LAKES RESIDENTIAL
- ISLAND AT RIVIERA DUNES
- JACKSON CROSSINGS PH I
- JACKSON XING PH I
- JACKSON XING PH II
- JET MOBILE HOME PARK SEC ONE CO-OP
- JET PARK MOBILE HOME PARK
- LAGUNA AT RIVIERA DUNES
- LAGUNA AT RIVIERA DUNES I
- LAGUNA AT RIVIERA DUNES II
- LAGUNA AT RIVIERA DUNES II OR2087/6469
- LAGUNA AT RIVIERA DUNES III
- LAGUNA AT RIVIERA DUNES III OR2166/1285
- LAGUNA AT RIVIERA DUNES IV
- LAKE PARK
- LAMBS FRACTIONAL SUB
- LANTANA VILLAS
- LEISURE LAKE MHP CO-OP OR1316/2570
- LEISURE LAKE MOBILE HOME PARK CO-OP
- LINCOLN MANOR
- LOT 1,HARMONY OAKS SUB PI7747.2055/9
- LOYD ADD TO PALMETTO
- M L BLANCHARD SUB
- MAIN STREET
- MANATI SHORES SECOND ADD
- MANDARIN GROVE
- MAPLE RIDGE
- MAR-LEE ACRES
- MEAD SMITHS ADD TO RUBONIA
- MELWOOD OAKS PH I
- MELWOOD OAKS PH IIB
- MOSS OAKS
- MRS J K PARRISH
- MRS JULIA ATZROTH’S ADDITION
- MRS JULIA ATZROTHS ADD
- N A REYNOLDS RESUBDIVIDED
- NO-SEE-UM ACRES
- NORTH OAKS ESTATES
- NORTHSHORE AT RIVIERA DUNES PH 1-A
- NORTHSHORE AT RIVIERA DUNES PH 1-B
- NORTHSHORE AT RIVIERA DUNES PH1B
- NOT IN SUBDIVISION
- OAK TRAIL
- OAKFIELD LAKES
- OLD MILL PRESERVE
- OLD MILL PRESERVE PH II
- OLD MILL PRESERVE PHASE 2
- ONAHOM FARMS
- PALM LAKE ESTATES
- PALMETTO
- PALMETTO GARDENS REV
- PALMETTO HEIGHTS
- PALMETTO POINT
- PALMETTO POINT ADD
- PALMETTO POINT SUB
- PALMETTO SKYWAY REP
- PALMETTO SKYWAY SEC 2
- PALMS AT COASTERRA
- PALMS OF MANASOTA
- PALMS OF MANASOTA VILLAS PH III
- PATTEN RESERVE
- PENINSULA AT RIVIERA DUNES
- PEPPER GROVE PH I
- PINEY POINT
- PINEY POINT HOMEOWNERS CO-OP
- PRAVELA
- R F WILLIS OF MEMPHIS
- REGATTA POINTE PH I
- REGENCY OAKS PH II
- RICHARDS
- RICHARDS ADD TO PALMETTO
- RIVER TERRACE
- RIVERBAY TOWNHOMES AT TERRA CIERA BAY
- RIVERBAY TWNHMS PH ONE
- RIVERBAY TWNHMS PH THREE-A
- RIVERBAY TWNHMS PH TWO
- RIVERSIDE PARK REPLAT OF A PORTION
- RIVERSIDE SHORES
- RIVIERA DUNES
- RIVIERA DUNES MARINA
- RIVIERA DUNES MARINA PH 2
- RIVIERA DUNES MARINA PH 3
- RUBONIA EAST TERRA CEIA RESUBDIVED
- SANCTUARY COVE
- SANDERLING
- SHADOW BROOK CONDOMINIUM ASSOCIATION
- SHADOW BROOK MOBILE HOME
- SHADOW BROOK MOBILE HOME SUB
- SHARP & TURNERS ADD TO PALMETTO
- SILVERSTONE
- SILVERSTONE NORTH
- SILVERSTONE NORTH PH IA & IB
- SILVERSTONE NORTH PH IC & ID
- SILVERSTONE NORTH PH IIA & IIB
- SILVERSTONE NORTH PH IIC & IID
- SILVERSTONE SOUTH
- SKYWAY VILLAGE ESTATES CO-OP
- SNEAD ISLAND
- SNEAD ISLAND ESTATES WEST PH 1-A
- SOUTHPOINTE
- SPANISH POINT
- STONEGATE PRESERVE
- STONEGATE PRESERVE IA
- STONEGATE PRESERVE PH III
- SUGAR MILL LAKES PH 1
- SUGAR MILL LAKES PH II & III
- TERRA CEIA BAY ESTATES
- TERRA CEIA BAY NORTH
- TERRA CEIA MANOR CO-OP
- TERRA-MANA HARBOR
- THE COVE AT TERRA CEIA BAY VILLAS
- THE ESTUARIES I
- THE ESTUARIES II
- THE ESTUARIES II, A CONDO
- THE PALMS AT RIVIERA DUNES PH I
- THE TERRA CEIA CLUB
- THE TERRA CEIA CLUB A CONDOMINI CB28/185
- THOMPSON & GAFNER RESUB
- TREE LAKES TRAVEL TRAILER CO-OP
- TREVESTA PH I-A
- TREVESTA PH IA
- TREVESTA PH IB-1
- TREVESTA PH II-A
- TREVESTA PH IIB
- TREVESTA PH IIIB
- TREVESTA PH IIIC & IIID
- TREVESTA PH IIIE
- TROPIC ISLES CO-OP
- TROPIC ISLES CO-OP INC OR 1784/7782
- TROPIC ISLES MOBILE HOME ESTATES
- VILLAGES OF THOUSAND OAKS VILLAGE I
- VILLAGES OF THOUSAND OAKS VILLAGE IV & V
- VILLAS AT OAK BEND
- WANNERS RESUBDIVIDED
- WASHINGTON PARK UNITS 1, 2, 3&4
- WASHINGTON PARK UNITS 1,2,3&4
- WATERFORD COURT
- WATERFORD PH I & III REP
- WATERFORD PH I-A, II & II-A
- WHITNEY MEADOWS
- WILLIS ADD TO PALMETTO CONTINUED
- WILLOW HAMMOCK PH 1A & 1B
- WILLOW WALK
- WILLOW WALK PH I-B
- WILLOW WALK PH IIA-IIB-IID
- WILLOW WALK PH IIE
- WILLOW WALK PH IIF & IIG
- WOODLAWN LAKES
- WOODLAWN LAKES SECOND ADD
- WOODS OF MOCCASIN WALLOW PH I
- WOODS OF MOCCASIN WALLOW PH II
- WOODS OF MOCCASIN WALLOW PHASE I
Market Summary
Current real estate data for Commercial in PALMETTO as of Oct 01, 2026
11
Commercial Listed
111
Avg DOM
567
Avg $ / SqFt
$1,933,091
Avg List Price
Property Summary
- Located in the EAST PALMETTO subdivision, 506 4TH AVENUE W PALMETTO FL is a Commercial for sale in PALMETTO, FL, 34221. It is listed for $845,000 To schedule a showing of MLS#a4703877 at 506 4TH AVENUE W in PALMETTO, FL, contact your CENTURY 21 Carioti agent at 800-783-8847.
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Courtesy of RE/MAX ALLIANCE GROUP. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 506 4TH AVENUE W
PALMETTO, FL