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    Venice Isle Lake View Home Title is generated by Realmo AI

    200 ROMA ROAD, Venice, FL 34285

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    Claim this Listing
    For Sale
    $110,000

    Resident-owned 55+ community with lake view and many amenities.

    Type:Mobile Home
    Property size:
    840 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $130/SF
    Added:
    Sep 10, 2024
    Days on Market:
    631
    Last Refresh:
    May 20 at 12:41 am

    Property Features for 200 ROMA ROAD

    General Information

    Standard status
    Active
    Size
    840 SF
    Lot size
    0.11 Acres
    Property subtype
    Mobile Home

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    Neville Demo

    Listing agent Neville Demo License #652016

    Listing office VENICE ISLE REAL ESTATE SALES

    Listing date Sep 10, 2024

    Source Exitrealty

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

    All listing content including descriptions, pricing, images are the copyrighted material of VENICE ISLE REAL ESTATE SALES

    HighLights

    • Lakefront property with lake views from a glass‑enclosed Florida room.
    • Located in Venice Isle, a premier resident‑owned 55+ mobile home park with close to 1000 homes and active residents.
    • Access to two clubhouses and extensive amenities including 2 heated pools, 2 hot tubs, saunas, tennis courts, fitness center, and more.
    • Newer kitchen cabinets.
    • Brand new carport and new gutters.
    • Active community with park gatherings and on‑site shows.

    Overview

    This home, situated close to Clubhouse #1, offers a lake view from its glass-enclosed Florida room. Recent upgrades include newer kitchen cabinets, a brand-new carport, and new gutters. Located in Venice Isle, a resident-owned over 55 mobile home park in Venice, the community comprises close to 1000 homes. Residents can participate in various activities, park gatherings, and on-site shows. The park provides amenities such as two clubhouses, two tennis courts, a fitness center, two heated pools, two hot tubs, saunas, putting greens, shuffleboard, Bocce ball, miniature golf, art rooms, a pool room, TV lounges, card rooms, a library, horseshoe pits, ceramic kilns, two ballrooms, and facilities for Sunday services.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $15.5k $18.48
    − Vacancy −$1.6k −$1.92
    EGI $13.9k $16.56
    − OpEx −$6.3k −$7.45
    NOI $7.6k $9.11
    840 SF · lease $18.48/SF/yr · vacancy 10.40% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $109.3K
    $95.6K – $127.5K (±1% cap)
    NOI $7,650 @ 7.0% cap · market cap 6.95%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $238.7K
    $208.9K – $278.5K (±1% cap)
    NOI $16,711 @ 7.0% cap · market cap 15.19%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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
    -82.4286398
    Latitude
    27.0899886

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    FAQs

    What type of property is this?
    Mobile home & RV park - Resident-owned 55+ community with lake view and many amenities.
    Where is this mobile home & rv park located?
    The property is located at 200 ROMA ROAD Venice, FL.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: Lakefront property with **lake views from a glass‑enclosed Florida room.**; Located in Venice Isle, a premier resident‑owned 55+ mobile home park with close to 1000 homes and active residents.; Access to two clubhouses and extensive amenities including **2 heated pools, 2 hot tubs, saunas, tennis courts, fitness center**, and more.
    (941) 485-7743
    We can help!
    Listing Contact
    Neville Demo
    Real Estate License ID: 652016
    Request Owner's contact information
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    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.

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    200 ROMA ROAD, VENICE, FL 34285
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