Retail-Office Unit with Rear
For Sale
$350,000
853-853 Us Highway 41 Byp S, Venice, FL 34285
Standalone unit with front retail area, office, two restrooms, and rear storage accessible via a garage door.
Property Size1,520 SF
Price / SF$230.26
Days on Market864
Property Features for 853-853 Us Highway 41 Byp S
General Information
Standard status
Active
Size
1,520 SF
Taxes and HOA fees
Annual Taxes
$2,763
Listing Agency:
coldwell banker realty
(941) 366-8070
Listed By:
Kayla Weiss-Bohnstedt · License #3370154
(941) 639-0090
Source:
Exprealty
Added: Jun 10, 2024
Changed: Oct 15
Last Checked: Oct 19 at 10:43AM
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 coldwell banker realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale unit offers a front retail area with an office and two restrooms. Additional storage is located toward the rear of the unit and is accessible through a garage door. The property will be vacant upon closing.
The unit is located on U.S. Highway 41 Byp S, and the public remarks indicate an average annual daily traffic count of 37,000. Commercial Intensive (CI) zoning is noted as allowing for many uses. Current association dues are listed as $3,200 per year per unit.
According to the remarks, the business may be included in the sale for an additional cost, with a motor scooter sales, service, parts, and accessories operation referenced. A new/used/wholesale motor vehicle dealership license and franchised dealer status for several brands are also mentioned in the provided information.
The unit is located on U.S. Highway 41 Byp S, and the public remarks indicate an average annual daily traffic count of 37,000. Commercial Intensive (CI) zoning is noted as allowing for many uses. Current association dues are listed as $3,200 per year per unit.
According to the remarks, the business may be included in the sale for an additional cost, with a motor scooter sales, service, parts, and accessories operation referenced. A new/used/wholesale motor vehicle dealership license and franchised dealer status for several brands are also mentioned in the provided information.
Key Highlights
- 1,520 SF unit with front retail area, office, two restrooms, and rear storage accessible via a garage door
- Vacant upon closing
- CI (Commercial Intensive) zoning allows for many uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,748
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,960
$475.0K
Cap Rate 7%
$339,257
$339.3K
Cap Rate 9%
$263,867
$263.9K
Market Conditions
NOI Build-Up for 1,520 SF
Gross rent
$36.5K $24.00/SF
− Vacancy
−$2.6K −$1.68/SF
EGI
$33.9K $22.32/SF
− OpEx
−$10.2K −$6.70/SF
NOI
$23.7K $15.62/SF
Area
Sarasota County, FL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,960
Cap Rate 7%
$339,257
Cap Rate 9%
$263,867
Alternative Uses
Best Use
Retail
$339.3K
$296.9K – $395.8K
NOI $23,748 @ 7.0% cap · market cap 6.79%
Second Best
Industrial
$250.4K
$219.1K – $292.1K
NOI $17,528 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$432.0K
$378.0K – $504.0K
NOI $30,240 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
916
Businesses Nearby
24k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Home Improvements & Furnishings 19%
Dining 15%
Electronics 6%
Venice Toyota
Shops & Services
6,152 visits/mo
0.2 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
4,615 visits/mo
0.4 miles
Enterprise Rent-A-Car
Shops & Services
2,981 visits/mo
0.2 miles
Public Storage
Shops & Services
2,792 visits/mo
0.4 miles
Shogun
Dining
2,333 visits/mo
0.4 miles
Demographics for 34285, FL
18,971
Population
16,081
Households
1.2
Avg Household Size
70
Median Age
40%
College-Educated
95%
High-School Grad
8.3 sq mi
ZIP Area
2,286
Density / Sq Mi
$67,712
Median Household Income
$37,959
Median Earnings
$1,485
Median Rent
$295,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Carroll Buick GMC Service Center — 1455 S Tamiami Trail, Venice, FL 34285
- Carroll Buick GMC Collision Center — 1455 S Tamiami Trail, Venice, FL 34285
- shmikeys performance and auto repair — 1260 ogden rd, venice, fl 34285
- Island Auto Repair — 1260 Ogden Rd, Venice, FL 34285
- Cycle Schmo — 1260 Ogden Rd Unit B, Venice, FL 34285
Frequently Asked Questions
What type of property is this?
Auto shop - Standalone unit with front retail area, office, two restrooms, and rear storage accessible via a garage door.
Where is this auto shop located?
The property is located at 853-853 Us Highway 41 Byp S Venice, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,520 SF unit with front retail area, office, two restrooms, and rear storage accessible via a garage door; Vacant upon closing; CI (Commercial Intensive) zoning allows for many uses
