Automotive Service
For Sale
$2,200,000
629 E VENICE Avenue, Venice, FL 34285
Commercial Sale, VENICE, FL
Property Size4,832 SF
Lot Size0.26 Acres
Price / SF$455.30
Days on Market116
Property Features for 629 E VENICE Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
VENICE EDGEWOOD SEC OF
Directions
From I-75 (most common route):Take Exit 193 (Jacaranda Blvd).Head south on Jacaranda BlvTurn right onto E Venice Ave (FL-777).Continue west toward downtown Venice.Property will be on your left side before reaching the island.
Standard status
Active
APN
0408010115
Size
4,832 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 9 THRU 12 INCL BLK 207 EDGEWOOD SEC OF VENICE
Tax Annual Amount
7385
Legal Description
LOTS 9 THRU 12 INCL BLK 207 EDGEWOOD SEC OF VENICE
Utilities
Cooling system
Central Air
Building Details
Year built
1963
Building materials
Block, Stucco
Listing Agency:
RE/MAX PALM REALTY OF VENICE · RE/MAX International
(941) 451-2025
Listed By:
Regina Melman · License #3455400
(941) 525-6818
Added: Apr 28
Changed: Aug 19
Last Checked: Aug 21 at 12:06AM
MLS# N6144129
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,832-square-foot automotive-oriented commercial property was built in 1963 and features existing garage and service areas, on-site parking, block and stucco construction, and central air conditioning. The property is positioned for automotive and service-related use, including repair, body work, collision services, tire and brake work, and specialty automotive operations, subject to buyer verification of zoning and permitted uses.
Located along E Venice Avenue in Venice, the property offers convenient ingress and egress and is situated near Historic Downtown Venice, Venice Island, area beaches, and nearby dining and retail destinations. The site is identified as outside the flood zone and carries a mixed-use commercial zoning designation, with all property details requiring buyer verification.
Located along E Venice Avenue in Venice, the property offers convenient ingress and egress and is situated near Historic Downtown Venice, Venice Island, area beaches, and nearby dining and retail destinations. The site is identified as outside the flood zone and carries a mixed-use commercial zoning designation, with all property details requiring buyer verification.
Key Highlights
- 4,832‑square‑foot automotive‑oriented commercial property
- Existing garage and service areas with on‑site parking
- Mixed‑use commercial zoning; buyer to verify permitted uses
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
$75,495
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
3.43%
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%
$1,509,900
$1.5M
Cap Rate 7%
$1,078,500
$1.1M
Cap Rate 9%
$838,833
$838.8K
Market Conditions
NOI Build-Up for 4,832 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
$116.0K $24.00/SF
− Vacancy
−$8.1K −$1.68/SF
EGI
$107.9K $22.32/SF
− OpEx
−$32.4K −$6.70/SF
NOI
$75.5K $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 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%
$1,509,900
Cap Rate 7%
$1,078,500
Cap Rate 9%
$838,833
Alternative Uses
Best Use
Retail
$1.08M
$943.7K – $1.26M
NOI $75,495 @ 7.0% cap · market cap 3.43%
Second Best
Industrial
$796.0K
$696.5K – $928.7K
NOI $55,720 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,131 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,414
Businesses Nearby
49k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 36%
Electronics 7%
Apparel 6%
Circle K
Shops & Services
13,774 visits/mo
0.1 miles
Taco Bell
Dining
8,579 visits/mo
0.4 miles
Mexico Restaurant
Dining
7,147 visits/mo
0.3 miles
Arby's
Dining
6,431 visits/mo
0.4 miles
Cricket Wireless Authorized Retailer
Electronics
3,293 visits/mo
0.5 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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Mixed-use commercial property with existing garage areas, customer parking, and central air conditioning.
Where is this auto shop located?
The property is located at 629 E VENICE Avenue Venice, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 4,832‑square‑foot automotive‑oriented commercial property; Existing garage and service areas with on‑site parking; Mixed‑use commercial zoning; buyer to verify permitted uses
