Technical
Financial
Distress signals
Property profile

116 Venice Ave Venice, FL 34285

OFF-MARKET
Turn key restaurants
Property ID
US18-4138915
2,475 SF 0.06 ac lot Built 1961
Entity Owned 6-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1961
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,475 SF
Lot 0.06 ac (2,793 SF)
Zoning code VA
APN 0408-03-0097
UPID US18-4138915

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop

Location

116 Venice Ave Venice, FL 34285-1929
Venice metro Census 2304 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$965k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$870k

Owner & transaction history

since 2020
Last sale
$630,000
4 recorded transactions
2020
$630,000
2013
$630,000
2002
$301,200
1969
Price N/A

Zoning & alternative use

VA · Venice, FL
Zoning description

Portable storage containers within the Venice Avenue (VA) Zoning District may be approved by the Zoning Administrator for a maximum of ninety (90) consecutive days only between the months of December and April. vi. In al…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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