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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Manufacturing properties
109 Seaboard Ave Venice, FL 34285-4616
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-9771118
Property profile
Verified
Property type
Manufacturing properties
Use group
PROCESSING PLANT (CEMENT, GRAVEL)
Year built
1969
Total area
288 SF
Lot
1.35 ac (58,999 SF)
Zoning code
ILW
APN
0408-07-0001
UPID
US18-9771118
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
-
APOGEE INDUSTRIES AUTO & BOAT STORAGE Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$735k
Owner & transaction history
M Cubed Properties LLC · 4 yrs held
M Cubed Properties LLC
since 2021
Last sale
$565,000
7 recorded transactions
Zoning & alternative use
ILW · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
mmercial General) Integrated with CI and renamed CM (Commercial) Sec. 2.2.3.B. CI (Commercial Intensive) Integrated with CG and renamed CM Sec. 2.2.3.B. CBD (Central Business District) Integrated Into Mixed Use Sec. 2.3 ILW (Industrial, Light and Warehousing) Renamed IND (Industrial) Sec. 2.2.3.C. OUC (Open Use Conservation) CON (Conservation) or REC (Recrea…
Zone name
Industrial Light And Warehousing
General category
INDUSTRIAL
Zone area
9.09 ac
Source
code of ordinances
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $565k (Nov 5 2021)
Last sale anchor
$565k
Nov 5 2021
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
$2,552 / 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
$5,311
Tax year 2023
Assessed value
$472,900
Assessed 2023
Previous assessed
$240,400
+96.7% YoY
Effective rate
1.12%
On assessed value
Assessed land
$434,100
Assessed improvement
$38,800
Land market value
$434,100
Improvement market value
$38,800
Total market value
$472,900
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
Manufacturing properties
Use group
PROCESSING PLANT (CEMENT, GRAVEL)
Status
Off-Market
Year built
1969
Heating
NONE
Cooling
WALL UNIT
Stories
1
Rooms
3
Bathrooms
3
Total area
288 SF
Lot
1.35 ac (58,999 SF)
Zoning code
ILW
APN
0408-07-0001
UPID
US18-9771118
Jurisdiction
SARASOTA
Zoning & alternative use
ILW · Venice, FLZoning ILW · permitted uses
ILW · Venice, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
mmercial General) Integrated with CI and renamed CM (Commercial) Sec. 2.2.3.B. CI (Commercial Intensive) Integrated with CG and renamed CM Sec. 2.2.3.B. CBD (Central Business District) Integrated Into Mixed Use Sec. 2.3 ILW (Industrial, Light and Warehousing) Renamed IND (Industrial) Sec. 2.2.3.C. OUC (Open Use Conservation) CON (Conservation) or REC (Recreation) Sec. 2.2.3.D. MP (Marine Park) CON or REC Sec. 2.2.3.E. GU (Government Use) G
Zone name
Industrial Light And Warehousing
General category
INDUSTRIAL
Zone area
9.09 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1969
Heating
NONE
Cooling
Yes
Stories
1
Rooms
3
Bathrooms
3
Lot
1.35 ac
Current owner
From public records · entity-resolved
M Cubed Properties LLC
Entity
Mailing address
326 SEABOARD AVE, VENICE, FL 34285-4622
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2021
$565,000
M Cubed Properties LLC
Auto Boat Storage Of Venice LLC
Warranty Deed
$100,000 · Auto Boat Storage Of Venice
Nov 16, 2015
$300,000
Auto-boat Storage Of Venice LLC
Seaboard Ents Of Venice LLC
Warranty Deed
—
Oct 17, 2011
$50,000
Seaboard Ents Of Venice LLC
Regions Bk
Quit Claim Deed
related
$50,000 · Dsrs LLC
Apr 5, 2011
$5,007
Regions Bk
Spartan USA INC Coc
Trustees Deed
related
—
Jun 27, 2008
—
Barbara S Bender
Bender,dennis W
Quit Claim Deed
related
—
Dec 14, 2005
—
Dennis W Bender
—
Trustees Deed
related
$100,000 · Amsouth Bank
Jan 6, 2004
$250,000
Dennis W Bender
Killoren,timothy J & Valerie R
Grant Deed
$312,000 · Amsouth Bank
Apr 1, 1997
$187,700
Timothy J Killoren
Braunagel INC
Grant Deed
$175,000 · Barnett Bank
—
—
Timothy J Killoren
—
Deed Of Trust
related
$50,000 · Barnett Bank
—
—
Timothy J Killoren
—
Deed Of Trust
related
$16,085 · Bank Of America
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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