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Property profile & analytics
FOR SALE
Banks
201 Center Rd Venice, FL 34285
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-0335577
For Sale
1 / 2
$5,300,000
201 Center Rd, Venice, FL 34285
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,274 SF
Lot
1.75 ac (76,170 SF)
Zoning code
OPI
APN
0428-15-0008
UPID
US18-0335577
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
-
Berlin Patten Ebling, PLLC Law Firm
-
Venice Physical Therapy & Sports Medicine Medical Clinic
-
Stearns Bank N.A. - Venice Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.70M
Owner & transaction history
Bpe Holdings Venice II LLC · 4 yrs held
Bpe Holdings Venice II LLC
since 2022
Last sale
$3.7M
4 recorded transactions
Zoning & alternative use
OPI · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$5.9M
+190.2%
Restaurant
$3.7M
+81.4%
Medical building
$3.4M
+68.6%
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
$4,895,000
ML approach
$4,775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,860,000
Change: +190% · Conversion: Difficult
RESTAURANT
$3,660,000
Change: +81% · Conversion: Difficult
MEDICAL BUILDING
$3,405,000
Change: +69% · Conversion: Difficult
OFFICE BUILDING
$2,800,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$2,750,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,490,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$3.70M
Range $3.33M – $4.07M · ±10% · vs last sale $3.65M (May 17 2022)
Last sale anchor
$3.65M
May 17 2022
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
$242 / 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
$42,118
Tax year 2023
Assessed value
$3,211,100
Assessed 2023
Previous assessed
$3,055,200
+5.1% YoY
Effective rate
1.31%
On assessed value
Assessed land
$1,366,600
Assessed improvement
$1,844,500
Land market value
$1,366,600
Improvement market value
$1,844,500
Total market value
$3,211,100
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
Banks
Use group
FINANCIAL BUILDING
Status
For Sale
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Rooms
25
Bathrooms
4
Total area
15,274 SF
Lot
1.75 ac (76,170 SF)
Zoning code
OPI
APN
0428-15-0008
UPID
US18-0335577
Jurisdiction
SARASOTA
Zoning & alternative use
OPI · Venice, FL
Zoning OPI · permitted uses
OPI · 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
INDUSTRIAL (GENERAL)
Est. value
$5.9M
RESTAURANT
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.4M
OFFICE BUILDING
Est. value
$2.8M
RETAIL STORES
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.5M
INDUSTRIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Rooms
25
Bathrooms
4
Lot
1.75 ac
Current owner
From public records · entity-resolved
Bpe Holdings Venice II LLC
Entity
Mailing address
3700 S TAMIAMI TRL, SARASOTA, FL 34239-6015
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2022
$3,650,000
Bpe Holdings Venice II LLC
Stearns Bank NA
Special Warranty Deed
$3,102,500 · Servisfirst Bank
Jun 2, 2011
$2,900,000
Bk NA Stearns
Community Natl Bk Of Sarasota
Grant Deed
related
—
—
—
Edith Hancock
—
Deed Of Trust
related
$13,000 · Community Nat'l Bank Sarasota
—
—
Peets Trust
—
Deed Of Trust
related
$21,600 · Community National 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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