First-Floor Mixed-Use
For Sale
$189,000
220 Tampa Avenue West Unit 9A, Venice, FL 34285
Updated commercial condo with a mezzanine, display windows, central air, and CBD zoning.
Property Size564 SF
Price / SF$335.11
Days on Market443
Property Features for 220 Tampa Avenue West Unit 9A
General Information
Standard status
Active
Size
564 SF
Property subtype
Commercial Sale / Mixed Use
Zoning
CBD
Additional Details
Floor
First Floor
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,336
Amenities
clubhouse
Conference Room
pool
Central Air
Central, Electric
Engineered Hardwood, Laminate
No
Varied
Blinds, Display Window(s)
Square Feet
Public Records
Multi/Split
2
Smoke Detector(s)
Slab
Brick
Building Details
Year Built
1974
Listing Agency:
ERA PREFERRED PROP OF VENICE
(941) 223-9200
Listed By:
Sheli Rodriguez · License #3334139
(941) 223-9200
Source:
Compass
Added: Jun 15, 2025
Changed: Aug 30
Last Checked: Aug 30 at 5:02PM
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 ERA PREFERRED PROP OF VENICE
Investment Insights
Based on property information with market context.
This first-floor commercial condominium in the KMI Building provides 564 square feet plus a mezzanine for office, professional, or retail use. Interior improvements include engineered hardwood or laminate flooring, refreshed ceiling paint, updated light fixtures, blinds, and display windows. Central air supports year-round operation, while the slab and brick construction date to 1974.
The unit is located on Venice Island at 220 Tampa Avenue West, Unit 9A, with access to the building’s clubhouse, conference room, and pool. Restaurants, cafés, and shops are nearby, and public transportation is accessible for employees and clients. The property carries CBD zoning and offers a compact commercial format within a mixed-use building.
The unit is located on Venice Island at 220 Tampa Avenue West, Unit 9A, with access to the building’s clubhouse, conference room, and pool. Restaurants, cafés, and shops are nearby, and public transportation is accessible for employees and clients. The property carries CBD zoning and offers a compact commercial format within a mixed-use building.
Key Highlights
- 564 SF first‑floor commercial condo with mezzanine
- CBD zoning supports the property's mixed‑use commercial classification
- Interior updates include flooring, ceiling paint, and light fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,046
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$200,920
$200.9K
Cap Rate 7%
$143,514
$143.5K
Cap Rate 9%
$111,622
$111.6K
Market Conditions
NOI Build-Up for 564 SF
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.
Gross rent
$16.9K $30.00/SF
− Vacancy
−$846 −$1.50/SF
EGI
$16.1K $28.50/SF
− OpEx
−$6.0K −$10.69/SF
NOI
$10.0K $17.81/SF
Area
Sarasota County, FL
Vacancy
5.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$200,920
Cap Rate 7%
$143,514
Cap Rate 9%
$111,622
Alternative Uses
Best Use
Mixed Use
$143.5K
$125.6K – $167.4K
NOI $10,046 @ 7.0% cap · market cap 5.32%
Second Best
Retail
$125.9K
$110.2K – $146.9K
NOI $8,812 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$160.3K
$140.3K – $187.0K
NOI $11,221 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,117
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated commercial condo with a mezzanine, display windows, central air, and CBD zoning.
Where is this mixed-use property located?
The property is located at 220 Tampa Avenue West Unit 9A Venice, FL.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 564 SF first‑floor commercial condo with mezzanine; CBD zoning supports the property's mixed‑use commercial classification; Interior updates include flooring, ceiling paint, and light fixtures
