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Property profile & analytics
OFF-MARKET
Estimated value
$5,680,000
Grocery and convenience stores
116 Tamiami N Trl Venice, FL 34285-1912
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4120732
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,102 SF
Lot
0.71 ac (30,768 SF)
Zoning code
VA
APN
0408-03-0016
UPID
US18-4120732
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
-
Shell Grocery & Convenience Store
-
Mobil Gas Station
-
7-Eleven Grocery & Convenience Store
-
PNC Bank ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.44M
Blend (final)
Blend
$5.68M
Owner & transaction history
Tre Venice LLC · 5 yrs held
Tre Venice LLC
since 2021
Last sale
$5.9M
7 recorded transactions
Zoning & alternative use
VA · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$7,675,000
ML approach
$7,745,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.68M
Range $5.11M – $6.25M · ±10% · vs last sale $5.89M (Apr 14 2021)
Last sale anchor
$5.89M
Apr 14 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
$1,831 / 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
$39,587
Tax year 2023
Assessed value
$4,084,600
Assessed 2023
Previous assessed
$1,443,400
+183.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$1,500,000
Assessed improvement
$2,584,600
Land market value
$1,500,000
Improvement market value
$2,584,600
Total market value
$4,084,600
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
8
Bathrooms
2
Total area
3,102 SF
Lot
0.71 ac (30,768 SF)
Zoning code
VA
APN
0408-03-0016
UPID
US18-4120732
Jurisdiction
SARASOTA
Zoning & alternative use
VA · Venice, FL
Zoning VA · permitted uses
VA · 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.
Building & site characteristics
From public records
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
2
Lot
0.71 ac
Current owner
From public records · entity-resolved
Tre Venice LLC
Entity
Mailing address
56 THORN CRK ST, HENDERSON, NV 89011-3783
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2021
$5,890,200
Tre Venice LLC
Sered Venice 41 LLC
Special Warranty Deed
$1,025,000 · Symetra Life Insurance Co
Apr 15, 2020
$1,100,000
Sered Venice 41 LLC
Venice Palm INC
Warranty Deed
$3,660,661 · Psl Austin Lndg LLC
Apr 24, 2012
$1,350,000
Venice Palm INC
Amj Oil Co INC
Grant Deed
$1,350,000 · National Republic Bank Chicago
Oct 17, 2008
—
Amj Oil Co INC
—
Trustees Deed
related
$94,000 · Gmaq LLC
Jan 16, 2004
$1,752,400
Amj Oil Co INC
Exxonmobil Oil Corp
Grant Deed
$1,350,000 · National Republic Bank Chicago
—
—
Venice Palm INC
—
Deed Of Trust
related
—
—
—
Amj Oil Co INC
—
Deed Of Trust
related
$1,075,000 · National Republic Bank Chicago
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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