Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,375,000
Office buildings
1720 Venice Ave Venice, FL 34292-3190
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-1360482
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,284 SF
Lot
1.15 ac (50,237 SF)
Zoning code
CG
APN
0412-01-0006
UPID
US18-1360482
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
-
Pooja Pothiwala, M.D. Physician
-
John Baga, MD Physician
-
Carolyn Finney, NP Pediatrician Physician
-
Primary Care of Venice Hospital
-
Neetha Sallapudi, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.13M
Blend (final)
Blend
$6.38M
Owner & transaction history
Gmr Venice LLC · 5 yrs held
Gmr Venice LLC
since 2020
Last sale
$6.8M
3 recorded transactions
Zoning & alternative use
CG · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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. CG (Commercial General) Integrated with CI and renamed CM (Commercial) Sec. 2.2.3.B. CI (Commercial Intensive) Integrated with CG and rename…
Zone name
Commercial General
General category
COMMERCIAL
Zone area
89.16 ac
Source
code of ordinances
Top alternative use upside
Restaurant
$9.6M
+172.2%
Auto repair, garage
$7.6M
+115.7%
Neighborhood: shopping center
$6.0M
+69.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$9,630,000
Change: +172% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,635,000
Change: +116% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,995,000
Change: +69% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,770,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$4,450,000
Change: +26% · Conversion: Easy
RETAIL STORES
$3,905,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$6.38M
Range $5.74M – $7.01M · ±10% · vs last sale $6.80M (Dec 31 2020)
Last sale anchor
$6.80M
Dec 31 2020
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
$480 / 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
$46,257
Tax year 2023
Assessed value
$3,157,500
Assessed 2023
Previous assessed
$2,691,200
+17.3% YoY
Effective rate
1.46%
On assessed value
Assessed land
$910,100
Assessed improvement
$2,247,400
Land market value
$910,100
Improvement market value
$2,247,400
Total market value
$3,157,500
Applied tax rate
300.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Total area
13,284 SF
Lot
1.15 ac (50,237 SF)
Zoning code
CG
APN
0412-01-0006
UPID
US18-1360482
Jurisdiction
SARASOTA
Zoning & alternative use
CG · Venice, FLZoning CG · permitted uses
CG · Venice, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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. CG (Commercial 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.
Zone name
Commercial General
General category
COMMERCIAL
Zone area
89.16 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$9.6M
AUTO REPAIR, GARAGE
Est. value
$7.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.0M
INDUSTRIAL (GENERAL)
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$4.5M
RETAIL STORES
Est. value
$3.9M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Lot
1.15 ac
Current owner
From public records · entity-resolved
Gmr Venice LLC
Entity
Free & Clear · 5 yrs held
Mailing address
7373 WISCONSIN AVE STE #800, BETHESDA, MD 20814-3767
Ownership since
2020
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
Dec 31, 2020
$47,600
Gmr Venice LLC
Rainfourth Ltd
Grant Deed
—
May 13, 2009
$2,657,634
Rainfourth Ltd
Tuscany Commons Office LLC
Warranty Deed
$1,996,000 · Florida Shores Bank Southwest
—
—
Tuscany Commons Office LLC
—
Deed Of Trust
related
$4,621,000 · Pnc Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1720 Venice Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
