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    Property profile & analytics

    116 Corporation Way Venice, FL 34285-5585

    • Warehouses
    • 6,000 SF
    • 1.15 lot acres
    OFF-MARKET
    Value Estimation
    $395,000
    Location Intelligence
    Property ID
    US18-9921954
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Venice Window Replacement / Window Installation Service
    • Ken Orton Gallery / Art Gallery

    Property Details for 116 Corporation Way

    Year built
    1990
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.15 lot acres
    Property size
    6,000 SF
    Zone code
    ILW
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    0428-02-0009
    APU
    428020009

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $375,000

    • CAP approach

      CAP return
      Estimation
      6%
      $480,000
      6.5%
      $490,000
      7%
      $420,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $525,000
      Geo Method
      $455,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $475,000
      Retail
      $495,000
      Mixed-Use
      $435,000
      Hospitality
      $380,000
      Educational
      $470,000
      Residential Income
      $490,000
      Energy
      $490,000
      Income-Based Land
      $440,000
      Food Service
      $450,000

    Location Insight

    • Map
    • Local Demand
    City
    Venice
    County
    Sarasota
    State
    Florida
    Longitude
    -82.4241
    Latitude
    27.0857
    CBSA code
    35840
    CBSA name
    NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,972
    $162,700
    $443,400
    $606,100
    -
    $162,700
    $443,400
    $606,100

    Comparable in this City

    • Value Estimation by Request
      14,768 SF

      400 Substation Rd

      MINI-WAREHOUSE, STORAGE • 14,768 SF
      400 Substation Rd, Venice, FL 34285-6076
      View Details
    • Value Estimation
      $420,000
      9,460 SF

      111 Corporation Way

      MINI-WAREHOUSE, STORAGE • 9,460 SF
      111 Corporation Way, Venice, FL 34285-5581
      View Details
    • Value Estimation
      $4,375,000
      7,274 SF

      312 Venice Ave

      MINI-WAREHOUSE, STORAGE • 7,274 SF
      312 Venice Ave, Venice, FL 34285-4677
      View Details
    • Value Estimation by Request
      12,096 SF

      1120 Us Hwy 41st S Byp

      MINI-WAREHOUSE, STORAGE • 12,096 SF
      1120 Us Hwy 41st S Byp, Venice, FL 34285-5538
      View Details
    • Value Estimation
      $765,000
      20,150 SF

      102 James St

      MINI-WAREHOUSE, STORAGE • 20,150 SF
      102 James St, Venice, FL 34285-5527
      View Details
    • Value Estimation
      $1,075,000
      7,500 SF

      167 James St

      MINI-WAREHOUSE, STORAGE • 7,500 SF
      167 James St, Venice, FL 34285-5535
      View Details

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    Similar Nearby for Lease

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    • $13 SF/Yr
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    • $16 SF/Yr
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    • Contact for pricing
      9,172 SF

      Prime Sarasota Industrial Land

      5.48 Acres, 9,172 SF Building
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      View Details
    • $22 SF/Yr
      3,500 SF

      Venice Island Industrial Building

      3,500 SF Manufacturing Space, 0.48 Acres
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      View Details
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    116 Corporation Way
    Venice, FL 34285-5585
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    Realmo Value Estimation

    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.

    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.

    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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