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Property profile & analytics
OFF-MARKET
Estimated value
$3,505,000
Retail space
1846 Tamiami Trl Venice, FL 34293-3135
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-4476640
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,294 SF
Lot
1.39 ac (60,688 SF)
Zoning code
CG
APN
0434-16-0015
UPID
US18-4476640
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
-
Scoops Venice Ice Cream Grocery & Convenience Store Specialty Food Shop
-
Salon & Co Hair Salon Nail Salon
-
Alliance Venice Brazilian Jiu-jitsu Team Training Center Sports School
-
Gulf Coast Property Management Real Estate Rental Agency Property Management Company
-
The Computer Guy Computer & Electronic Repair
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.49M
CAP Approach
CAP
$4.16M
Comparable Approach
Comparable
$3.34M
Blend (final)
Blend
$3.51M
Owner & transaction history
1875 Lexington LLC · 1 yrs held
1875 Lexington LLC
since 2025
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
CG · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.8M
+13.9%
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
$3,695,000
ML approach
$3,485,000
CAP Approach
CAP Return
Estimation
6%
$4,505,000
6.5%
$4,155,000
7%
$3,860,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,085,000
Current use
MEDICAL BUILDING
$5,795,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$4,605,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$3.51M
Range $3.15M – $3.86M · ±10% · vs last sale $3.50M (Apr 29 2025)
Last sale anchor
$3.50M
Apr 29 2025
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
$203 / 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
$35,261
Tax year 2023
Assessed value
$2,676,600
Assessed 2023
Previous assessed
$2,186,200
+22.4% YoY
Effective rate
1.32%
On assessed value
Assessed land
$903,000
Assessed improvement
$1,773,600
Land market value
$903,000
Improvement market value
$1,773,600
Total market value
$2,676,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
9
Bathrooms
14
Total area
17,294 SF
Lot
1.39 ac (60,688 SF)
Zoning code
CG
APN
0434-16-0015
UPID
US18-4476640
Jurisdiction
SARASOTA
Zoning & alternative use
CG · Venice, FL
Zoning CG · permitted uses
CG · 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
$5.1M
MEDICAL BUILDING
Est. value
$5.8M
OFFICE BUILDING
Est. value
$4.6M
RETAIL STORES Current
MEDICAL BUILDING
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
9
Bathrooms
14
Lot
1.39 ac
Current owner
From public records · entity-resolved
1875 Lexington LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 1921, NOKOMIS, FL 34274-1921
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2025
$3,500,000
1875 Lexington LLC
Bersam Development Company
Warranty Deed
—
Aug 13, 2015
$2,650,000
Bersam Development Company
Ande Properties LLP
Warranty Deed
$1,050,000 · Harbor Community Bank
Feb 17, 2004
$1,900,000
Ande Properties LLP
Kankong Properties LLC
Warranty Deed
$750,000 · Bank Of Commerce
Jul 9, 1999
$1,050,000
Summit South INC
1844 Associates
Grant Deed
$840,000 · American Bank Of Bradenton
—
—
Ande Properties LLP
—
Deed Of Trust
related
$450,000 · Bank Of Commerce
—
—
Ande Properties LLP
—
Deed Of Trust
related
$1,175,000 · Standard Insurance Co
—
—
Ande Properties LLP
—
Deed Of Trust
related
$300,000 · Bank Of Commerce
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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