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Property profile & analytics
OFF-MARKET
Estimated value
$365,000
Manufacturing properties
167 Progress Cir Venice, FL 34285-5537
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-0358668
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2001
Total area
6,048 SF
Lot
0.73 ac (31,980 SF)
Zoning code
ILW
APN
0428-03-0014
UPID
US18-0358668
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
-
Drakon Coatings Powder Coating Service Sandblasting Service
-
Gulf Side Hurricane Protection Hardware & Home Improvement Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$365k
Owner & transaction history
Jrb Of Venice LLC · 11 yrs held
Jrb Of Venice LLC
since 2014
5 recorded transactions
Zoning & alternative use
ILW · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
mmercial General) Integrated with CI and renamed CM (Commercial) Sec. 2.2.3.B. CI (Commercial Intensive) Integrated with CG and renamed CM Sec. 2.2.3.B. CBD (Central Business District) Integrated Into Mixed Use Sec. 2.3 ILW (Industrial, Light and Warehousing) Renamed IND (Industrial) Sec. 2.2.3.C. OUC (Open Use Conservation) CON (Conservation) or REC (Recrea…
Zone name
Industrial Light And Warehousing
General category
INDUSTRIAL
Zone area
9.09 ac
Source
code of ordinances
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,160,000
6.5%
$1,075,000
7%
$995,000
Blend value · Realmo final
$365k
Range $329k – $402k · ±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
$60 / 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
$7,391
Tax year 2023
Assessed value
$486,300
Assessed 2023
Previous assessed
$447,700
+8.6% YoY
Effective rate
1.52%
On assessed value
Assessed land
$183,000
Assessed improvement
$303,300
Land market value
$183,000
Improvement market value
$303,300
Total market value
$486,300
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2001
Heating
YES
Cooling
YES
Stories
1
Total area
6,048 SF
Lot
0.73 ac (31,980 SF)
Zoning code
ILW
APN
0428-03-0014
UPID
US18-0358668
Jurisdiction
SARASOTA
Zoning & alternative use
ILW · Venice, FLZoning ILW · permitted uses
ILW · Venice, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
mmercial General) Integrated with CI and renamed CM (Commercial) Sec. 2.2.3.B. CI (Commercial Intensive) Integrated with CG and renamed CM Sec. 2.2.3.B. CBD (Central Business District) Integrated Into Mixed Use Sec. 2.3 ILW (Industrial, Light and Warehousing) Renamed IND (Industrial) Sec. 2.2.3.C. OUC (Open Use Conservation) CON (Conservation) or REC (Recreation) Sec. 2.2.3.D. MP (Marine Park) CON or REC Sec. 2.2.3.E. GU (Government Use) G
Zone name
Industrial Light And Warehousing
General category
INDUSTRIAL
Zone area
9.09 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
2001
Heating
YES
Cooling
Yes
Stories
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Jrb Of Venice LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 1852, WOOSTER, OH 44691-7094
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2014
$619,300
Jrb Of Venice LLC
Yellowstone Partners INC
Grant Deed
—
Nov 29, 2006
$599,000
Yellowstone Partners INC
Schwartz,larry G & Lynne M
Warranty Deed
$400,000 · Rbc Centura Bank
Sep 22, 2006
—
Larry G Schwartz
—
Trustees Deed
related
$59,579 · Norene Cleary
Feb 12, 2003
—
Larry G Schwartz
Schwartz,larry G
Quit Claim Deed
related
$243,260 · First National Bank Florida
Mar 16, 2000
$70,000
Larcraft INC
Sula,kenneth C & Phyllis S
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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