Property profile

1499 Venice Ave B Venice, FL 34292

OFF-MARKET
Office buildings
Property ID
US18-6004719
3,180 SF 0.08 ac lot Built 2007
Individually Owned 7-yr Hold Absentee Owner 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 3,180 SF
Lot 0.08 ac (3,545 SF)
Zoning code CG
APN 0412-06-1009
UPID US18-6004719

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
  • Physician Medical Clinic
  • Physician
  • Physician
  • Ophthalmologist
  • Spa & Massage Center Alternative Medicine Practice

Location

1499 Venice Ave, Unit B Venice, FL 34292-3207
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
$760k
Comparable Approach Comparable
$929k
Blend (final) Blend
$330k

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2019
$215,000
2017
Price N/A
2013
Price N/A
2013
$350,000
2012
$1.1M
1969
Price N/A

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 $1.1M +25.8%
Retail stores $935,000 +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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