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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Office buildings
101 San Marco Dr Venice, FL 34285-3230
Individually Owned
Free & Clear
Property ID
US18-3458657
Property summary
AI-generated overview
This single-story, 2,917 square foot freestanding office building is situated on a 10,498 square foot corner lot at 101 San Marco Drive in Venice, Florida. Built in 1978, the property features two units and is zoned ST2. Its convenient location off US-41 provides excellent accessibility and high visibility, enhancing its commercial appeal. The building's location on the desirable island of Venice adds to its prestige and value. The property's address is 101 San Marco Dr, Venice, FL 34285, with APN 0429110020. Currently tenant-occupied, this property presents a strong investment opportunity. Please note that the building is a single-story structure. The property is suitable for medical or traditional office uses.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,917 SF
Lot
0.24 ac (10,500 SF)
Zoning code
ST2
APN
0429-11-0020
UPID
US18-3458657
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
PARADISE REALTY OF VENICE INC Real Estate Agency
-
Mitch Roberts, Realtor - Paradise Realty of Venice, Inc. Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$745k
Blend (final)
Blend
$580k
Owner & transaction history
The Clara M Gingerich Revocable Tru
The Clara M Gingerich Revocable Tru
since 2025
2 recorded transactions
Zoning & alternative use
ST2 · Venice, FL
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Venice submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Venice submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$380,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$785,000
Current use
RETAIL STORES
$660,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$580k
Range $522k – $638k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$199 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,120
Tax year 2023
Assessed value
$490,700
Assessed 2023
Previous assessed
$411,300
+19.3% YoY
Effective rate
1.45%
On assessed value
Assessed land
$213,400
Assessed improvement
$277,300
Land market value
$213,400
Improvement market value
$277,300
Total market value
$490,700
Applied tax rate
300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
22
Bathrooms
6
Total area
2,917 SF
Lot
0.24 ac (10,500 SF)
Zoning code
ST2
APN
0429-11-0020
UPID
US18-3458657
Jurisdiction
SARASOTA
Zoning & alternative use
ST2 · Venice, FLZoning ST2 · permitted uses
ST2 · Venice, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$785,000
RETAIL STORES
Est. value
$660,000
OFFICE BUILDING Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
22
Bathrooms
6
Lot
0.24 ac
Current owner
From public records · entity-resolved
The Clara M Gingerich Revocable Tru
Individual
Free & Clear · 0 yrs held
Mailing address
117 SUNSET DR, NOKOMIS, FL 34275-3144
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2025
$600,000
The Clara M Gingerich Revocable Tru
The Rodrigo Hidalgo G Revocable Tru
Warranty Deed
—
Oct 5, 2021
—
Rodriguez Hidalgo
Rodriguez Hidalgo
Intrafamily Transfer
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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