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Property profile & analytics
OFF-MARKET
Estimated value
$5,985,000
Retail space
1490 Us Hwy 41st S Byp Venice, FL 34285-5544
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-5898514
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,866 SF
Lot
2.74 ac (119,507 SF)
Zoning code
CI; I
APN
0428-15-0014
UPID
US18-5898514
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.28M
CAP Approach
CAP
$3.82M
Comparable Approach
Comparable
$4.45M
Blend (final)
Blend
$5.99M
Owner & transaction history
Ds Venice Fl Landlord LLC · 4 yrs held
Ds Venice Fl Landlord LLC
since 2022
Last sale
$6.3M
3 recorded transactions
Zoning & alternative use
CI; I · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.1M
+154.7%
Neighborhood: shopping center
$7.2M
+100.0%
Industrial (general)
$6.9M
+92.5%
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
by Request
ML approach
$8,275,000
CAP Approach
CAP Return
Estimation
6%
$4,130,000
6.5%
$3,815,000
7%
$3,540,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$9,115,000
Change: +155% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,160,000
Change: +100% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$6,895,000
Change: +93% · Conversion: Difficult
MEDICAL BUILDING
$5,315,000
Change: +48% · Conversion: Difficult
OFFICE BUILDING
$4,275,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$5.99M
Range $5.39M – $6.58M · ±10% · vs last sale $6.28M (Feb 10 2022)
Last sale anchor
$6.28M
Feb 10 2022
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
$377 / 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
$63,742
Tax year 2023
Assessed value
$5,023,300
Assessed 2023
Previous assessed
$4,867,900
+3.2% YoY
Effective rate
1.27%
On assessed value
Assessed land
$2,462,400
Assessed improvement
$2,560,900
Land market value
$2,462,400
Improvement market value
$2,560,900
Total market value
$5,023,300
Applied tax rate
100.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
4
Bathrooms
4
Total area
15,866 SF
Lot
2.74 ac (119,507 SF)
Zoning code
CI; I
APN
0428-15-0014
UPID
US18-5898514
Jurisdiction
SARASOTA
Zoning & alternative use
CI; I · Venice, FL
Zoning CI; I · permitted uses
CI; I · 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
AUTO REPAIR, GARAGE
Est. value
$9.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.2M
INDUSTRIAL (GENERAL)
Est. value
$6.9M
MEDICAL BUILDING
Est. value
$5.3M
OFFICE BUILDING
Est. value
$4.3M
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
4
Lot
2.74 ac
Current owner
From public records · entity-resolved
Ds Venice Fl Landlord LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3333 PEACHTREE RD NE, ATLANTA, GA 30326-1070
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2022
$6,275,200
Ds Venice Fl Landlord LLC
Walgreen Co
Special Warranty Deed
—
Feb 10, 2022
—
Walgreen Co
Ds Venice Fl Landlord LLC
Lease
—
Jan 23, 1997
$2,770,000
Walgreen Co
Center Road Joint Venture
Grant Deed
—
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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