Property profile

1497 Venice Ave B Venice, FL 34292

OFF-MARKET
Office buildings
Property ID
US18-5941936
2,508 SF 0.07 ac lot Built 2007
Entity Owned 12-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 2007
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,508 SF
Lot 0.07 ac (2,885 SF)
Zoning code CG
APN 0412-06-1008
UPID US18-5941936

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
  • Dental Office
  • Gym & Fitness Center
  • Dental Office

Location

1497 Venice Ave, Unit B Venice, FL 34292-3199
Venice metro Census 2730 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$600k
Comparable Approach Comparable
$658k
Blend (final) Blend
$315k

Owner & transaction history

since 2014
2 recorded transactions
2014
$430,000
2012
$1.1M

Zoning & alternative use

CG · Venice, FL
Zoning description

ntial Tourist Resort) RTR Inactive Sec. 2.2.5.2. Non-Residential Zoning Districts OPI (Office, Professional, and Institutional) OPI Sec. 2.2.3.A. OMI (Office, Medical and Institutional) Integrated Into OPI Sec. 2.2.3.A.…

General category COMMERCIAL
Top alternative use upside
Medical building $840,000 +25.8%
Retail stores $735,000 +10.4%

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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