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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Office buildings
200 Palermo Pl Venice, FL 34285-2820
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US18-2791244
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1926
Total area
1,997 SF
Lot
0.42 ac (18,220 SF)
Zoning code
ST2
APN
0429-03-0032
UPID
US18-2791244
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
-
Stephenson Eye Associates Medical Clinic Ophthalmologist
-
P Dee Stephenson Ophthalmologist
-
Beverly Flynn Ophthalmologist (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
$480k
Comparable Approach
Comparable
$711k
Blend (final)
Blend
$540k
Owner & transaction history
P D G Living Stephenson · 19 yrs held
P D G Living Stephenson
since 2006
7 recorded transactions
Zoning & alternative use
ST2 · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Medical building
$670,000
+24.3%
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
$440,000
CAP Approach
CAP Return
Estimation
6%
$520,000
6.5%
$480,000
7%
$445,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$540,000
Current use
MEDICAL BUILDING
$670,000
Change: +24% · Conversion: Easy
RETAIL STORES
$450,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$270 / 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
$7,518
Tax year 2023
Assessed value
$542,800
Assessed 2023
Previous assessed
$419,000
+29.5% YoY
Effective rate
1.39%
On assessed value
Assessed land
$303,900
Assessed improvement
$238,900
Land market value
$303,900
Improvement market value
$238,900
Total market value
$542,800
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
Status
Off-Market
Year built
1926
Heating
YES
Cooling
YES
Stories
1
Rooms
5
Bathrooms
2
Total area
1,997 SF
Lot
0.42 ac (18,220 SF)
Zoning code
ST2
APN
0429-03-0032
UPID
US18-2791244
Jurisdiction
SARASOTA
Zoning & alternative use
ST2 · Venice, FLZoning ST2 · permitted uses
ST2 · Venice, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$540,000
MEDICAL BUILDING
Est. value
$670,000
RETAIL STORES
Est. value
$450,000
OFFICE BUILDING Current
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
1926
Heating
YES
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
P D G Living Stephenson
Individual
Mailing address
412 VENEZIA PKWY, VENICE, FL 34285-2834
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2017
—
Patricia D G Stephenson
—
Deed
related
$302,709 · Stonegate Bk
Oct 4, 2016
—
Patricia D G Stephenson
—
Deed
related
$255,000 · Stonegate Bk
Sep 30, 2016
—
Stephenson,patricia D G Trust
—
Deed
related
$302,709 · Stonegate Bk
Jul 29, 2016
—
Stephenson,patricia D G Trust
—
Deed
related
$302,709 · Stonegate Bk
Nov 3, 2006
—
P D G Living Stephenson
Stephenson,p Dee G
Quit Claim Deed
related
—
—
—
Patricia D G Stephenson
—
Deed Of Trust
related
$390,000 · Riverside Bank Gulf Coast
—
—
Stephenson,patricia D G Trust
—
Deed Of Trust
related
$302,709 · Stonegate Bk
—
—
Patricia D G Stephenson
—
Deed Of Trust
related
$255,000 · Stonegate Bk
—
—
Stephenson,patricia D G Trust
—
Deed Of Trust
related
$302,709 · Stonegate Bk
—
—
Patricia D G Stephenson
—
Deed Of Trust
related
$302,709 · Stonegate Bk
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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