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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Warehouses
170 Rich St Venice, FL 34292-3107
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-3851176
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Total area
5,040 SF
Lot
0.86 ac (37,512 SF)
Zoning code
ILW
APN
0421-01-0010
UPID
US18-3851176
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
-
Seaside Septic Services Plumbing Service
-
D. Burrows Rentals Dental Office
-
Venice Engineering Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.08M
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$942k
Blend (final)
Blend
$940k
Owner & transaction history
Venice Industrial Rentals INC · 4 yrs held
Venice Industrial Rentals INC
since 2021
Last sale
$733,000
3 recorded transactions
Zoning & alternative use
ILW · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+59.6%
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
$1,065,000
ML approach
$1,080,000
CAP Approach
CAP Return
Estimation
6%
$1,175,000
6.5%
$1,085,000
7%
$1,010,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$930,000
Current use
RETAIL STORES
$1,480,000
Change: +60% · Conversion: Moderate
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10% · vs last sale $733k (Nov 24 2021)
Last sale anchor
$733k
Nov 24 2021
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
$187 / 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
$8,787
Tax year 2023
Assessed value
$526,500
Assessed 2023
Previous assessed
$488,700
+7.7% YoY
Effective rate
1.67%
On assessed value
Assessed land
$128,000
Assessed improvement
$398,500
Land market value
$128,000
Improvement market value
$398,500
Total market value
$526,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Heating
NONE
Cooling
WALL UNIT
Buildings
2
Stories
1
Rooms
5
Bathrooms
2
Total area
5,040 SF
Lot
0.86 ac (37,512 SF)
Zoning code
ILW
APN
0421-01-0010
UPID
US18-3851176
Jurisdiction
SARASOTA
Zoning & alternative use
ILW · Venice, FL
Zoning ILW · permitted uses
ILW · 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
WAREHOUSE, STORAGE Current
Est. value
$930,000
RETAIL STORES
Est. value
$1.5M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1980
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
5
Bathrooms
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
Venice Industrial Rentals INC
Entity
Mailing address
170 RICH ST, VENICE, FL 34292-3107
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Nov 24, 2021
$733,000
Venice Industrial Rentals INC
Camcorp Rentals INC
Warranty Deed
$1,288,100 · The Huntington National Bank
Sep 10, 2007
$249,900
Camcorp Rentals INC
Burrows,duane E & Jean C
Quit Claim Deed
related
$317,000 · Fifth Third Bank
May 8, 1996
$106,500
Douglas E Burrows
Burrows,douglas H
Grant Deed
related
$176,000 · First Union Nat'l Bank Florida
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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