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    660 Us 27 Venus, FL 33960

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    660 Us 27 Venus, FL 33960

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    Current Use by Public Records

    • Warehouses

    Property Details for 660 Us 27

    Property type
    Warehouses
    Property subtype
    Land

    Description

    This exceptional 130,000 dollar commercial land parcel, situated at 660 US 27 N in Venus, Florida, presents a remarkable investment opportunity. Located directly on the highly trafficked US Highway 27 North, this property boasts exceptional visibility and accessibility, making it ideal for a wide range of commercial ventures. The land is zoned B3, as well as B1 and B2, offering flexibility for various business types. This versatile property is classified as both commercial and warehouse land, providing ample space for development. The address is precisely 660 US 27 N, Venus, Florida, 33960, within Highlands County. Its geographical coordinates are 27.124383 latitude and -81.331239 longitude. The property's prominent location on US 27 N ensures high traffic volume and significant exposure, making it an attractive proposition for businesses seeking maximum visibility. This is a rare chance to acquire a strategically positioned commercial land parcel with significant development potential in a growing area. Don't miss this opportunity to capitalize on the high-traffic location and diverse zoning options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Venus
    County
    Highlands
    State
    Florida
    Longitude
    -81.3312
    Latitude
    27.1244

    Comparable in this City

    • Value Estimation by Request

      680 Us 27

      Distribution properties
      680 Us 27, Venus, FL 33960
      View Details
    • Value Estimation
      $525,000
      3,200 SF

      75 Myrtle Bush Ln

      DISTRIBUTION WAREHOUSE • 3,200 SF
      75 Myrtle Bush Ln, Venus, FL 33960-2364
      View Details
    • Value Estimation by Request
      860 SF

      68 Sheppard Rd

      MINI-WAREHOUSE, STORAGE • 860 SF
      68 Sheppard Rd, Venus, FL 33960-2313
      View Details
    • Value Estimation
      $1,165,000
      9,000 SF

      2832 Old State Rd 8th 8

      MINI-WAREHOUSE, STORAGE • 9,000 SF
      2832 Old State Rd 8th 8, Venus, FL 33960-2044
      View Details
    • Value Estimation by Request
      1.52 Acres

      2815 Old State Rd 8th 8

      STORAGE YARD (JUNK, SALVAGE) • 1.52 Acres
      2815 Old State Rd 8th 8, Venus, FL 33960-2045
      View Details
    • Value Estimation by Request
      1.07 Acres

      2821 Old State Rd 8th 8

      STORAGE YARD (JUNK, SALVAGE) • 1.07 Acres
      2821 Old State Rd 8th 8, Venus, FL 33960-2045
      View Details

    Similar Nearby for Sale

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    • Contact for pricing

      Highway Frontage Agricultural Land

      12.5 acres of agricultural land with highway frontage.
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    660 Us 27
    Venus, FL 33960
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    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
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