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

    1500 E Venice Ave Venice, FL 34292

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $700,000

    1.4 acre commercial land parcel available for sale.

    Type:Land
    Lot size:
    1.40 Acres
    Added:
    Nov 22, 2024
    Days on Market:
    495
    Last Refresh:
    Mar 16 at 1:07 pm

    Property Features for 1500 E Venice Ave

    General Information

    Standard status
    Active
    Lot size
    1.40 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Moshe Ossiaz

    Listing agent Moshe Ossiaz License #FL

    Listing office Edivial International Realty LLC

    Listing date Nov 22, 2024

    Source Crexi

    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 Edivial International Realty LLC

    Overview

    Commercial Outparcel Near Galleria

    This commercial outparcel is located at the entrance of Galleria on Venice Avenue. The land has a total of 1.4 acres, subdivided into two parcels. The east side is under contract with a QSR. The west parcel is available for sale, ground lease, or built to suit. Offsite water retention enables the entire site to be used. Utilities are on site.
    Location Intelligence

    Current Use by Public Records

    The Law Office of Daniel ... Law Firm Massage Fusion Alternative Medicine Practice Joyner Family Insurance Insurance Agency Le Petit Jardin ... Restaurant Bula Restaurant

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Venice
    County
    Sarasota
    State
    Florida
    Longitude
    -82.4092862
    Latitude
    27.1010786

    Nearby Similar for Sale

    • $335,000
      452 SF

      Established Salon Business and Property

      Salon business and property for sale in Venice, Florida.
      244 TAMPA AVENUE W, VENICE, FL 34285
      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
    • $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
    • $999,000

      Untouched Land with Private Island

      17+ acres of land with private island on Myakka River.
      0 Caloosa Drive, Venice, FL 34293
      View Details
    • $890,000
      1,584 SF

      Updated Duplex in Golden Beach

      Charming duplex with deeded beach access in Venice, Florida.
      516 VILLAS DRIVE, VENICE, FL 34285
      View Details
    • $999,000

      Venice Infill Development Opportunity

      13-acre dual-parcel in Venice, Florida, with development potential.
      E Sklar Drive, Venice, FL 34293
      View Details
    • $199,000

      Spacious Corner Lot in Venice

      Large lot to build your dream home in South Venice.
      FUNDY ROAD, VENICE, FL 34293
      View Details
    • $1,750,000

      Waterfront Land Redevelopment Opportunity

      Prime waterfront property in desirable boating location, ideal for redevelopment.
      700 EL DORADO DRIVE, VENICE, FL 34285
      View Details
    • $795,000

      Venice Island Vacant Corner Lot

      Vacant corner lot near beach, golf, and downtown Venice.
      702 HIBISCUS DRIVE, VENICE, FL 34285
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.4 acre commercial land parcel available for sale.
    Where is this commercial land located?
    The property is located at 1500 E Venice Ave Venice, FL.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: Prime commercial location at the entrance of Galleria on Venice Av.; 1.4‑acre parcel with potential for development.; West parcel available for sale, ground lease, or built to suit.
    We can help!
    Listing Contact
    Moshe Ossiaz
    Real Estate License ID: FL
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!