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    Property profile & analytics

    127 Tampa Ave Venice, FL 34285

    • Community centers
    • 3,000 SF
    • 0.51 lot acres
    For Lease
    View listing
    $40 SF/Yr
    Value Estimations
    $520,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3520334
    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

    • Always Promoting Independence / Consultant
    • Desrosiers International / Aromatherapy Supply Store
    • Ploughman Mold Co / Building Inspector
    • Beach Village Interiors / Wallpaper Store
    • The Salon of Venice / Hair Salon / Massage Spa

    Property Details for 127 Tampa Ave

    Year built
    1958
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.51 lot acres
    Property size
    3,000 SF
    Zone code
    VA
    Property type
    Community centers
    APN
    0407-14-0023
    APU
    407140023

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $510,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $885,000
      6.5%
      $815,000
      7%
      $760,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $426,000
      Market price range: $149k - $463k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Venice
    County
    Sarasota
    State
    Florida
    Longitude
    -82.4433
    Latitude
    27.1012
    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
    $13,354
    $382,300
    $536,100
    $918,400
    -
    $382,300
    $536,100
    $918,400

    Comparable in this City

    • Value Estimation
      $590,000
      6,374 SF

      303 Venice Ave

      MINI-MALL • 6,374 SF
      303 Venice Ave, Venice, FL 34285-2004
      View Details
    • Value Estimation
      $830,000
      9,564 SF

      201 Miami W Ave

      MINI-MALL • 9,564 SF
      201 Miami W Ave, Venice, FL 34285
      View Details
    • Value Estimation
      $730,000
      11,195 SF

      229 Venice Ave

      MINI-MALL • 11,195 SF
      229 Venice Ave, Venice, FL 34285-2076
      View Details
    • Value Estimation
      $440,000
      5,250 SF

      205 Venice Ave

      MINI-MALL • 5,250 SF
      205 Venice Ave, Venice, FL 34285-2066
      View Details
    • Value Estimation
      $370,000
      2,432 SF

      528 Venice Ave

      MINI-MALL • 2,432 SF
      528 Venice Ave, Venice, FL 34285-4665
      View Details
    • Value Estimation
      $1,275,000
      5,254 SF

      141 Venice Ave

      MINI-MALL • 5,254 SF
      141 Venice Ave, Venice, FL 34285-1931
      View Details

    Similar Nearby for Sale

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      Prime mixed-use property in Downtown Venice with redevelopment potential.
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    Similar Nearby for Lease

    • $1,700 /Mo
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      Venice Retail/Office Space For Rent

      Community strip center on Tamiami Trail, suitable for various businesses.
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      View Details
    • $1,700 /Mo
      980 SF

      Venice Retail/Office Space For Rent

      Community strip center on Tamiami Trail, suitable for office/retail.
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    • $19 SF/Yr
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      Regency Square Shopping Center

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      23,722 SF

      Venice Beach Retail Opportunity

      Grocery-anchored shopping center in affluent Venice Beach community.
      501-555 Tamiami Trl S, Venice, FL 34285
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      1,605 SF

      Retail Space in Winn-Dixie Center

      Retail space with high visibility and accessibility on US 41.
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      320,422 SF

      Jacaranda Crossings Retail Space

      Venice, FL: Prime Retail Opportunity
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      View Details
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    Venice, FL 34285
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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