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Property profile & analytics
OFF-MARKET
Estimated value
$5,000,000
Warehouses
1030 Us Hwy 41st S Byp Venice, FL 34285-4335
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6112262
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Total area
15,000 SF
Lot
0.98 ac (42,708 SF)
Zoning code
CI
APN
0427-13-0010
UPID
US18-6112262
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.00M
CAP Approach
CAP
$3.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.00M
Owner & transaction history
Doherty Holdings Eighth LLC · 2 yrs held
Doherty Holdings Eighth LLC
since 2024
Last sale
$5.0M
2 recorded transactions
Zoning & alternative use
CI · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.8M
+186.2%
Industrial (general)
$6.5M
+175.5%
Medical building
$5.0M
+112.4%
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
$5,000,000
ML approach
$5,000,000
CAP Approach
CAP Return
Estimation
6%
$3,500,000
6.5%
$3,230,000
7%
$3,000,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,770,000
Change: +186% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$6,515,000
Change: +175% · Conversion: Easy
MEDICAL BUILDING
$5,025,000
Change: +112% · Conversion: Difficult
OFFICE BUILDING
$4,040,000
Change: +71% · Conversion: Difficult
Blend value · Realmo final
$5.00M
Range $4.50M – $5.50M · ±10% · vs last sale $5.00M (Apr 26 2024)
Last sale anchor
$5.00M
Apr 26 2024
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
$333 / 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
$12,956
Tax year 2023
Assessed value
$722,500
Assessed 2023
Previous assessed
$722,500
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$668,800
Assessed improvement
$53,700
Land market value
$668,800
Improvement market value
$53,700
Total market value
$722,500
Applied tax rate
100.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Heating
NONE
Cooling
WALL UNIT
Buildings
2
Stories
2
Rooms
2
Bathrooms
6
Total area
15,000 SF
Lot
0.98 ac (42,708 SF)
Zoning code
CI
APN
0427-13-0010
UPID
US18-6112262
Jurisdiction
SARASOTA
Zoning & alternative use
CI · Venice, FL
Zoning CI · permitted uses
CI · Venice, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Venice. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.8M
INDUSTRIAL (GENERAL)
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$5.0M
OFFICE BUILDING
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
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
1974
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Rooms
2
Bathrooms
6
Lot
0.98 ac
Current owner
From public records · entity-resolved
Doherty Holdings Eighth LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2925 MALL HL DR, LAKELAND, FL 33810-6716
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Apr 26, 2024
$5,000,000
Doherty Holdings Eighth LLC
Bates Show Sales Staff INC
Warranty Deed
—
Jun 2, 1998
$550,000
R V Exchange Bates
Schrock,ammon & Naomi
Grant Deed
$535,000 · Guaranty Bank & Trust Co
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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