Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Venice Mixed-Use Landmark Title is generated by Realmo AI

    200 E Venice Ave, Venice, FL 34285

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $8,900,000

    Two buildings in downtown Venice: office and light industrial.

    Type:Office
    Property size:
    37,432 SF
    Lot size:
    1.88 Acres
    Price / SF:
    $237/SF
    Added:
    Mar 6, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 5 at 8:56 pm

    Property Features for 200 E Venice Ave

    General Information

    Standard status
    Active
    Size
    37,432 SF
    Lot size
    1.88 Acres
    Property subtype
    Office

    Building Details

    Year Built
    1987

    We can help!

    Listing Contact
    Joe C. Hembree, CCIM
    Joe C. Hembree, CCIM

    Listing agent Joe C. Hembree, CCIM License #3213168

    Listing office HEMBREE & ASSOCIATES INC

    Listing date Mar 6, 2026

    Source Hembreeco

    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 HEMBREE & ASSOCIATES INC

    HighLights

    • Prime downtown Venice location in the business district, offering high visibility and accessibility.
    • Substantial 1.88‑acre lot providing ample space and potential for development.
    • Two buildings totaling 37,432 SF: a 25,062 SF office building and a 12,370 SF light industrial building.
    • The 25,062 SF office building is suitable as a relocating office headquarters.
    • The 12,370 SF light industrial building features 3‑phase power and is fully air‑conditioned.
    • Zoning: VA Venice Avenue

    Overview

    This landmark property, situated in the heart of downtown Venice, features two buildings on a 1.88-acre lot. The property is located just off N Tamiami Trail and E Venice Avenue in the business district. One building is a 25,062 square foot, three-story office building, suitable for a relocating office headquarters. The other is a 12,370 square foot light industrial building with 3-phase power and full air conditioning. The total building space is 37,432 square feet. The property is zoned VA Venice Avenue.

    Financial Insights

    Value Estimation Calculated for Mixed Use

    Conservative
    $7.41M
    NOI $666,758 @ 9.00% cap · cautious / downside scenario
    Moderate
    $9.53M
    NOI $666,758 @ 7.00% cap · market / base-case scenario
    Aggressive
    $13.34M
    NOI $666,758 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Mixed Use

    Component $ $/SF
    Gross rent $1.12M $30.00
    − Vacancy −$56.1k −$1.50
    EGI $1.07M $28.50
    − OpEx −$400.1k −$10.69
    NOI $666.8k $17.81
    37,432 SF · lease $30.00/SF/yr · vacancy 5.00% · expense 37.50%

    Alternative Use Scenarios

    Best Use
    Mixed Use
    $9.53M
    $8.33M – $11.11M (±1% cap)
    NOI $666,758 @ 7.0% cap · market cap 7.49%
    Second Best
    Office B
    $7.80M
    $6.82M – $9.10M (±1% cap)
    NOI $545,759 @ 7.0% cap · market cap 6.13%
    Theoretical Best
    Office A
    $10.64M
    $9.31M – $12.41M (±1% cap)
    NOI $744,693 @ 7.0% cap · market cap 8.37%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Welcome Home Magazine Real Estate Agency Sun Coast Press ... Publishing House Coastal Insurance Associates Insurance Agency Discover Venice Visitor ... Travel Agency Centennial Park Resort

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Venice
    County
    Sarasota
    State
    Florida
    Longitude
    -82.4416
    Latitude
    27.0994

    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
    • $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
    • $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
    • $945,000
      3,677 SF

      Venice Class A Medical Office

      Move-in ready medical office in desirable Venice medical corridor.
      836 Sunset Lake Blvd, Ste. 205 & 206, Venice, FL 34292
      View Details
    • $399,000

      Venice Office Condo on Tamiami

      Professional office condominium with high visibility on Tamiami Trail.
      1872 S TAMIAMI Trl A, Venice, FL 34293
      View Details
    • $1,184,000
      1,599 SF

      Four Venice Properties - Income

      Four income properties in Venice, Florida, fully rented and move-in-ready.
      2210,2212,2214 PARK ROAD, VENICE, FL 34293
      View Details
    • $620,000

      Venice Island Medical Office Opportunity

      Investment or owner-user property near Venice Regional Hospital.
      256 Nokomis Ave S, Venice, FL 34285
      View Details
    • $215,000
      200 SF

      Turnkey Restaurant with Drive-Through

      Profitable restaurant with drive-through in high-traffic Venice location.
      123 CONFIDENTIAL, VENICE, FL 34293
      View Details
    • $420,000
      1,147 SF

      Venice Office Unit on US-41

      Office unit on Tamiami Trail with high visibility.
      1872 S Tamiami Trl, Venice, FL 34293
      View Details
    • $1,399,000

      Medical Office Space For Sale

      Attractive medical office in a vibrant, growing Venice market.
      842 Sunset Lake Blvd, Ste 401, Venice, FL 34292
      View Details
    • $335,000

      Established Salon Business and Property

      Salon business and property for sale in excellent location.
      244 TAMPA AVENUE W #14A, VENICE, FL 34285
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Two buildings in downtown Venice: office and light industrial.
    Where is this mixed-use property located?
    The property is located at 200 E Venice Ave Venice, FL.
    What is the asking price?
    The asking price for this property is $8,900,000.
    What are key features of this property?
    This property features: Prime downtown Venice location in the business district, offering high visibility and accessibility.; Substantial 1.88‑acre lot providing ample space and potential for development.; Two buildings totaling 37,432 SF: **a 25,062 SF office building and a 12,370 SF light industrial building.**
    (941) 951-1776
    We can help!
    Listing Contact
    Joe C. Hembree, CCIM
    Joe C. Hembree, CCIM
    Real Estate License ID: 3213168
    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

    Thank You for Inquiry
    200 E Venice Ave, Venice, FL 34285
    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!