Auto Service Property with
For Sale
$2,200,000
629 E Venice Avenue VENICE, Venice, FL 34285
Mixed-use commercial site with existing garage/service areas and on-site parking along a highly visible Venice Avenue corridor.
Property Size4,832 SF
Price / SF$455.30
Days on Market33
Property Features for 629 E Venice Avenue VENICE
General Information
Standard status
Active
Size
4,832 SF
Zoning
Mixed-use Commercial
Taxes and HOA fees
Annual Taxes
$7,385
Amenities
true
11500
0.26
false
Asphalt,Paved
Slab
City Street
4832
1
Building Details
Building Size
4,832 SF
Year Built
1963
Buildings
1
Listing Agency:
(904) 569-5862
Listed By:
Morgan Friesen
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 7
Changed: Aug 8
Last Checked: Aug 8 at 3:35AM
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 Morgan Friesen
Investment Insights
Based on property information with market context.
This versatile commercial property includes existing garage/service areas (buyer to verify details) and on-site parking, supporting a range of automotive and service-based operations. The site is positioned for practical customer access, with convenient ingress and egress for both patrons and service vehicles. The property is also noted as not being in a flood zone.
Located along the highly visible E Venice Avenue corridor, the site offers straightforward accessibility just minutes from Historic Downtown Venice and major thoroughfares. The offering is described as being near Venice Island and area beaches, with nearby dining and retail destinations including Dockside Waterfront Grill and Crow’s Nest Restaurant & Marina. The property is surrounded by established residential neighborhoods.
Zoned for Mixed-use Commercial, the property is presented as suitable for automotive and service uses such as auto repair, body shop, collision center, and tire and brake service, or specialty automotive concepts (buyer to verify zoning, permitted uses, and all property details). With its combination of garage/service space, parking, and site access, it can work well for an owner-user looking to operate directly on-site or for an investor seeking a flexible automotive-oriented commercial asset.
Located along the highly visible E Venice Avenue corridor, the site offers straightforward accessibility just minutes from Historic Downtown Venice and major thoroughfares. The offering is described as being near Venice Island and area beaches, with nearby dining and retail destinations including Dockside Waterfront Grill and Crow’s Nest Restaurant & Marina. The property is surrounded by established residential neighborhoods.
Zoned for Mixed-use Commercial, the property is presented as suitable for automotive and service uses such as auto repair, body shop, collision center, and tire and brake service, or specialty automotive concepts (buyer to verify zoning, permitted uses, and all property details). With its combination of garage/service space, parking, and site access, it can work well for an owner-user looking to operate directly on-site or for an investor seeking a flexible automotive-oriented commercial asset.
Key Highlights
- Single building on a 0.26‑acre lot along E Venice Avenue (city street frontage, asphalt/paved road access)
- Mixed‑use commercial zoning for a variety of automotive and service‑based businesses (buyer to verify permitted uses)
- 4,832 total building area; slab foundation
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
Location Intelligence
Trade Area within ½ mile
2,369
Businesses Nearby
114k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 35%
Superstores 12%
Home Improvements & Furnishings 5%
McDonald's
Dining
21,619 visits/mo
0.5 miles
Big Lots
Superstores
14,208 visits/mo
0.4 miles
Circle K
Shops & Services
13,774 visits/mo
0.4 miles
Mobil
Shops & Services
8,903 visits/mo
0.3 miles
Taco Bell
Dining
8,579 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
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Frequently Asked Questions
What type of property is this?
Auto shop - Mixed-use commercial site with existing garage/service areas and on-site parking along a highly visible Venice Avenue corridor.
Where is this auto shop located?
The property is located at 629 E Venice Avenue VENICE 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: Single building on a 0.26‑acre lot along E Venice Avenue (city street frontage, asphalt/paved road access); Mixed‑use commercial zoning for a variety of automotive and service‑based businesses (buyer to verify permitted uses); 4,832 total building area; slab foundation
