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Property profile & analytics
FOR SALE
Community centers
127 Tampa Ave E, Venice, FL 34285
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-3520334
For Sale
1 / 5
$1,590,000
127 Tampa Ave E, Venice, FL 34285
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Property summary
AI-generated overview
This exceptional commercial property, located at 127 Tampa Ave E in Venice, Florida (34285), offers a unique blend of executive and creative office spaces within a vibrant retail setting. The two-story, 8,584 square foot building, constructed in 1982, sits on a 0.51-acre lot and is zoned VA. Currently, there are three available spaces ranging from 400 to 900 square feet, ideal for a variety of businesses. The property boasts a Class C designation and offers convenient access to a wealth of amenities, including the Venice Theater, Daiquiri Deck, the United States Postal Service, and numerous retail shops and restaurants. Its prime location ensures high foot traffic from nearby residential areas. The building features a total of three parking spaces, but lacks elevators. The property's address is further identified by its cross street, Tamiami Trail, and its APN is 0407140023. This is a rare opportunity to establish a presence in a thriving downtown Venice location. The property is currently multi-tenant. Serious inquiries are encouraged.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,000 SF
Lot
0.51 ac (22,200 SF)
Zoning code
VA
APN
0407-14-0023
UPID
US18-3520334
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
-
Always Promoting Independence Consultant
-
Desrosiers International (Bike/Boat/Book/etc) Store Cosmetic Store
-
Ploughman Mold Co Building Inspector
-
Beach Village Interiors (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
The Salon of Venice Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
$815k
Comparable Approach
Comparable
$427k
Blend (final)
Blend
$585k
Owner & transaction history
Meditrina Properties LLC · 8 yrs held
Meditrina Properties LLC
since 2017
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
by Request
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
$885,000
6.5%
$815,000
7%
$760,000
Blend value · Realmo final
$585k
Range $527k – $644k · ±10%
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
$195 / 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
$13,354
Tax year 2023
Assessed value
$918,400
Assessed 2023
Previous assessed
$800,300
+14.8% YoY
Effective rate
1.45%
On assessed value
Assessed land
$382,300
Assessed improvement
$536,100
Land market value
$382,300
Improvement market value
$536,100
Total market value
$918,400
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
Community centers
Use group
MINI-MALL
Status
For Sale
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Rooms
15
Bathrooms
14
Total area
3,000 SF
Lot
0.51 ac (22,200 SF)
Zoning code
VA
APN
0407-14-0023
UPID
US18-3520334
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
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Rooms
15
Bathrooms
14
Lot
0.51 ac
Current owner
From public records · entity-resolved
Meditrina Properties LLC
Entity
Mailing address
990 BLVD OF THE ARTS APT #1203, SARASOTA, FL 34236-4878
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2017
$1,025,000
Meditrina Properties LLC
Bcp Properties LLC
Warranty Deed
—
Apr 6, 2015
—
Bcp Properties LLC
Bluedog Capital Partners LLC
Quit Claim Deed
related
—
Oct 28, 2010
$255,000
Bluedog Investments LLC
Vellucci,tammy
Grant Deed
—
May 22, 2008
—
Venice Trust
G1a2 Land INC
Quit Claim Deed
related
—
Jan 27, 2005
—
Villa Ucci Properties INC
Eloise Spigelmyer
Correction Deed
related
—
Aug 12, 2004
—
Venice Trust
G1a2 Land INC
Quit Claim Deed
related
—
Jul 7, 2004
—
Gia2 Land
Villa Ucci Properties
Quit Claim Deed
related
—
Aug 3, 2001
$310,000
Villa Ucci Properties INC
Spigelmyer,eloise
Grant Deed
$210,000 · Pelican National Bank
—
—
G1 A2 Land INC
—
Deed Of Trust
related
$735,000 · Interbay Funding LLC
—
—
Villa Ucci Properties INC
—
Deed Of Trust
related
$75,000 · Pelican National Bank
—
—
G1 A2 Land INC
—
Deed Of Trust
related
$100,000 · Colonial Bank
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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