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Property profile & analytics
OFF-MARKET
Estimated value
$25,950,000
Retail properties & Spaces
1745 Tamiami Trl Venice, FL 34293-1663
Entity Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-7747743
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2005
Total area
138,547 SF
Lot
18.63 ac (811,668 SF)
Zoning code
CSC
APN
0434-01-0044
UPID
US18-7747743
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
-
Lowe's Garden Center Garden Center
-
Blue Rhino Propane Exchange Propane Supplier
-
Lowe's ProServices Building Supply Industrial Manufacturer
-
Lowe's Home Improvement Building Supply Industrial Manufacturer
-
Installation Services General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.30M
Comparable Approach
Comparable
$28.28M
Blend (final)
Blend
$25.95M
Owner & transaction history
Venice Dev INC · 19 yrs held
Venice Dev INC
since 2007
1 recorded transaction
Zoning & alternative use
CSC · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$36,080,000
6.5%
$33,300,000
7%
$30,925,000
Alternative Use
Use
Estimation
RETAIL STORES
$40,745,000
Current use
OFFICE BUILDING
$36,910,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$25.95M
Range $23.36M – $28.55M · ±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
$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
$204,328
Tax year 2023
Assessed value
$13,030,900
Assessed 2023
Previous assessed
$13,671,800
-4.7% YoY
Effective rate
1.57%
On assessed value
Assessed land
$5,551,100
Assessed improvement
$7,479,800
Land market value
$5,551,100
Improvement market value
$7,479,800
Total market value
$13,030,900
Applied tax rate
2,300.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2005
Heating
YES
Cooling
YES
Stories
1
Total area
138,547 SF
Lot
18.63 ac (811,668 SF)
Zoning code
CSC
APN
0434-01-0044
UPID
US18-7747743
Jurisdiction
SARASOTA
Zoning & alternative use
CSC · Venice, FL
Zoning CSC · permitted uses
CSC · 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
RETAIL STORES Current
Est. value
$40.7M
OFFICE BUILDING
Est. value
$36.9M
RETAIL STORES Current
OFFICE BUILDING
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
2005
Heating
YES
Cooling
Yes
Stories
1
Lot
18.63 ac
Current owner
From public records · entity-resolved
Venice Dev INC
Entity
Free & Clear · 19 yrs held
Mailing address
1000 LOWES BLVD, MOORESVILLE, NC 28117-8520
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2007
$123,200
Venice Dev INC
Dean,thomas S SR
Warranty 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.
Try Rey
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