Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    779 Commerce Dr Venice, FL 34292

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $34,770

    Flex space with offices and warehouse in Venice, Florida.

    Property Features for 779 Commerce Dr

    General Information

    Property type
    Industrial
    Standard status
    Active

    Building Details

    Year built
    2006

    We can help!

    Listing Contact
    Ivan Gould, Pa
    Source: Elliman

    Listing Agent: Ivan Gould, Pa

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Venice Flex Space For Rent

    This flex space is available for rent and includes a front air-conditioned section with two offices, one of which has an exterior window, a reception area, and a bathroom. The rear warehouse area features a 12 x 14 overhead door and a personal door. The ceiling height is 24 feet, with a 22-foot clear height. The entire space is wet sprinklered. A concrete poured mezzanine area of approximately 800 square feet is also included, but not included in the rent calculation. The asking rent is $15 per square foot NNN, with pass-throughs of $5.23 per square foot.
    Location Intelligence

    Current Use by Public Records

    D. Saladino Construction, ... Construction Company Fire Ninja Building Supply Willow Glen Paws Animal Training Interstate Wholesale Furniture & Home Goods J2 Solutions, Inc. Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Venice
    County
    Sarasota
    State
    Florida
    Longitude
    -82.3774773
    Latitude
    27.1133255

    Nearby Similar for Lease

    • $9,600 /Mo

      Small Office Space on 41

      Roughly 600 sq ft office space on busy 41.
      2254 S Tamiami Trl, Venice, FL 34293
      View Details
    • $24 SF/Yr

      Medical Office Space For Lease

      Premium medical office space available for lease near I-75.
      435 Commercial Ct, Venice, FL 34292
      View Details
    • $18 SF/Yr

      Class A Medical Office Space

      Move-in ready medical office in Venice's desirable medical corridor.
      836 Sunset Lake Blvd, Venice, FL 34292
      View Details
    • $19,200 /Mo

      San Marco Commercial Condo

      Commercial condo in historic KMI Building, San Marco, Venice.
      220 Tampa Ave W 9A, Venice, FL 34285
      View Details
    • $24 SF/Yr

      Medical Office Space For Lease

      Premium medical office space available for lease near I-75.
      435 Commercial Ct, Venice, FL 34292
      View Details
    • $10 SF/Yr

      Lakeview Office Park Buildings

      Two office buildings in Lakeview Office Park available for lease.
      421 Commercial Ct, Venice, FL 34292
      View Details
    • $10 SF/Yr

      421 and 425 Commercial Ct., Venice, FL 34292

      Office buildings
      421 Commercial Ct, Venice, FL 34292
      View Details
    • $9,600 /Mo

      Small Office Space on 41

      600 sq ft office space with high visibility.
      2254 S Tamiami Trl, Venice, FL 34293
      View Details
    • $950 /Mo
      1,000 SF

      Venice, FL Warehouse/Storage Facility

      Small bay warehouse/storage facility in Venice, Florida, 100% occupied.
      306 Warfield Ave, Venice, FL 34285
      View Details
    • $1,000 /Mo
      2,000 SF

      Renovated Venice Warehouse & Self-Storage

      Fully renovated complex near Island of Venice and Legacy Trail.
      249 Seaboard Ave, Venice, FL 34285
      View Details
    • $31,260

      Venice Flex Space For Rent

      Flex space with offices and warehouse in Venice, Florida.
      779 Commerce Dr, Venice, FL 34292
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex space with offices and warehouse in Venice, Florida.
    Where is this flex space located?
    The property is located at 779 Commerce Dr Venice, FL.
    What is the lease rate?
    The lease rate is $34,770.
    What are key features of this property?
    This property features: - Flexible space with front office area and rear warehouse.; - High ceiling: **24ft (22ft clear)**.; - Wet sprinkler system throughout the entire space.
    Request Owner's contact information
    779 Commerce Dr Venice, FL 34292
    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.
    779 Commerce Dr
    Venice, FL 34292
    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
    779 Commerce Dr Venice, FL 34292
    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

    We can help!
    Listing Contact
    Ivan Gould, Pa
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!