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Property profile & analytics
OFF-MARKET
Estimated value
$19,595,000
Assisted living facilities
1240 Pinebrook Rd Venice, FL 34285-6421
Entity Owned
~
Est. High Equity
Property ID
US18-5529664
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
41,569 SF
Lot
3.42 ac (148,899 SF)
Zoning code
PUD
APN
0409-08-0044
UPID
US18-5529664
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
-
Pinebrook Center - Under New Ownership Nursing Home
-
Stacey Royak Physician
-
Sarah Atchison Physician
-
Evelyn Levasseur Physician
-
Diane Cavic Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.60M
Owner & transaction history
Venice Health Realty LLC
Venice Health Realty LLC
since 2026
Last sale
$19.4M
7 recorded transactions
Zoning & alternative use
PUD · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$15.9M
+421.5%
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
$26,685,000
ML approach
$12,940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$15,945,000
Change: +421% · Conversion: Difficult
Blend value · Realmo final
$19.60M
Range $17.64M – $21.55M · ±10% · vs last sale $19.38M (Apr 21 2020)
Last sale anchor
$19.38M
Apr 21 2020
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
$471 / 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
$71,475
Tax year 2023
Assessed value
$4,698,000
Assessed 2023
Previous assessed
$4,742,400
-0.9% YoY
Effective rate
1.52%
On assessed value
Assessed land
$1,260,000
Assessed improvement
$3,438,000
Land market value
$1,260,000
Improvement market value
$3,438,000
Total market value
$4,698,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
83
Bathrooms
68
Total area
41,569 SF
Lot
3.42 ac (148,899 SF)
Zoning code
PUD
APN
0409-08-0044
UPID
US18-5529664
Jurisdiction
SARASOTA
Zoning & alternative use
PUD · Venice, FL
Zoning PUD · permitted uses
PUD · 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
INDUSTRIAL (GENERAL)
Est. value
$15.9M
INDUSTRIAL (GENERAL)
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
83
Bathrooms
68
Lot
3.42 ac
Current owner
From public records · entity-resolved
Venice Health Realty LLC
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2026
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
May 11, 2026
$20,869,565
Venice Health Realty LLC
Venice Fl Propco LLC
Deed
related
$65,900,000 · Customers Bank
Oct 17, 2023
—
Venice Fl Propco LLC
—
Deed
related
—
Apr 21, 2020
$21,045,000
Venice Fl Propco LLC
Lg-ohi Venice LLC
Grant Deed
related
$54,455,320 · Vnb New York LLC
Dec 5, 2016
—
Lg-ohi Venice LLC
—
Deed
related
$555,000,000 · Morgan Stanley Bk
Nov 9, 2016
$19,375,400
Lg Ohi Venice LLC
Hh Florida LLC
Special Warranty Deed
$535,000,000 · Citigroup Global Markets Realty Cor
Dec 7, 2004
$6,500,000
Hh Florida LLC
Thci Co LLC
Grant Deed
—
—
—
Lg-ohi Venice LLC
—
Loan Modification
related
$555,000,000 · Morgan Stanley Bk
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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