859 US HIGHWAY 41 S BYPASS 859 Venice, FL 34285
1,520 SF unit with retail, office, and storage.
Property Features for 859 US HIGHWAY 41 S BYPASS 859
General Information
- Standard status
- Active
- Size
- 1,520 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1982
Listing office COLDWELL BANKER REALTY (941) 268-4423
Listing date Apr 9, 2025
Source Exitrealty
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Investment Insights
Based on property information with market context.
Key Highlights
- High traffic location with an Average Annual Daily Traffic (AADT) count of 37,000.
- Commercial Intensive (CI) zoning allows for many uses.
- Existing lease in place until April 30, 2025.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.5k | $24.00 |
| − Vacancy | −$2.6k | −$1.68 |
| EGI | $33.9k | $22.32 |
| − OpEx | −$10.2k | −$6.70 |
| NOI | $23.7k | $15.62 |
