Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Oversized Lot in South Venice Title is generated by Realmo AI

    31 W SEMINOLE DRIVE, Venice, FL 34293

    View on Map
    Claim this Listing
    For Sale
    $120,000

    Land - VENICE, FL

    Lot size:
    0.28 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    38
    Last Refresh:
    May 31 at 3:06 am

    Property Features for 31 W SEMINOLE DRIVE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RSF3
    Standard status
    Active
    APN
    0451080016
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    615

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Terra Buckley PA

    Listing agent Terra Buckley PA License #3472334

    Listing office LPT REALTY, LLC 1400 South International Parkw, Lake Mary, FL

    Listing date Apr 24, 2026

    MLS# O6403686 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Oversized 12,000 sq. ft. lot in South Venice.
    • No CDD or HOA fees.
    • Deeded beach access via private ferry, boat ramp, and community center (voluntary fee).
    • Close proximity to Shamrock Park & Nature Center and Legacy Trail.
    • Quiet, well‑established neighborhood minutes from beaches, shopping, dining, parks, and I‑75.
    • Soil test and county approved plans included.

    Overview

    This is an oversized 12,000 sq. ft. lot located in the heart of South Venice. The property offers Florida living with no CDD and no HOA fees. For a small voluntary annual fee, residents have deeded beach access by private ferry, plus a boat ramp and community center. The location is near Shamrock Park & Nature Center, which connects to 20 miles of trails along the Legacy Trail, and Brohard Paw Park. This quiet, well-established neighborhood is close to beaches, shopping, dining, parks, and I-75. Soil test and county approved plans are included. The property is zoned RSF3 and is 0.28 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Venice
    County
    Sarasota
    State
    Florida
    Longitude
    -82.4193065
    Latitude
    27.0605776

    Nearby Similar for Sale

    • $2,200,000
      4,832 SF

      Versatile Property on E Venice Avenue

      High-visibility mixed-use property near Downtown Venice, ideal for automotive businesses.
      629 E VENICE AVENUE, VENICE, FL 34285
      View Details
    • $395,000
      4,793 SF

      Updated Venice Triplex For Sale

      Income-producing triplex with three distinct living spaces in Venice, Florida.
      2980 DOGWOOD ROAD, VENICE, FL 34293
      View Details
    • $789,000

      Venice, FL Commercial Lot

      Highly visible 0.89-acre commercial lot in the heart of Venice.
      841 E VENICE AVENUE, VENICE, FL 34285
      View Details
    • $725,000

      Venice, FL Commercial Land

      High-exposure commercial land parcel in Venice, Florida.
      1540 E Venice Avenue, Venice, FL 34292
      View Details
    • $767,900
      2,199 SF

      Venice Island Duplex Opportunity

      Charming duplex on Venice Island with rental and remodeling potential.
      418 NARVAEZI STREET, VENICE, FL 34285
      View Details
    • $525,000

      Venice Vacant Land Opportunity

      2 acres of vacant land in Venice Farms.
      E VENICE AVENUE, VENICE, FL 34292
      View Details
    • $825,000
      2,095 SF

      Venice Island Triplex Near Beach

      Triplex in prime location, steps from the beach.
      533 GRANADA AVENUE, VENICE, FL 34285
      View Details
    • $4,600,000

      Venice Land Development Opportunity

      20.3 acres of flexible land in a strategic location.
      400 S HAVANA ROAD, VENICE, FL 34292
      View Details
    • $150,000

      Residential Lot in South Venice

      Desirable South Venice lot near beaches, ferry, and amenities.
      Lots 3115 & 3116 CYPRESS ROAD, VENICE, FL 34293
      View Details
    • $244,900

      Waterfront Acreage in Venice, Florida

      1.04-acre waterfront parcel with Gulf access via Myakka River.
      DEER COURT, VENICE, FL 34293
      View Details
    • $244,900

      Waterfront Land Parcel For Sale

      1.0033-acre waterfront land parcel with Gulf access.
      DEER COURT, VENICE, FL 34293
      View Details
    • $150,000

      Residential Lot in South Venice

      Desirable 100x100 lot near beaches and amenities.
      Lots 3112 & 3113 CYPRESS ROAD, VENICE, FL 34293
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Rare 12,000 sq. ft. lot in South Venice.
    Where is this residential land & home lot located?
    The property is located at 31 W SEMINOLE DRIVE Venice, FL.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: Oversized 12,000 sq. ft. lot in South Venice.; No CDD or HOA fees.; Deeded beach access via private ferry, boat ramp, and community center (voluntary fee).
    (954) 294-4940
    We can help!
    Listing Contact
    Terra Buckley PA
    Real Estate License ID: 3472334
    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.
    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
    31 W SEMINOLE DRIVE, VENICE, FL 34293
    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!