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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Retail space
213 Venice Ave Venice, FL 34285-2075
Entity Owned
20-yr Hold
Free & Clear
Property ID
US18-5553141
Property summary
AI-generated overview
This exceptional 8,900 square foot retail property, located at 213 W Venice Ave in the heart of downtown Venice, Florida (34285), presents a compelling investment opportunity. The property encompasses three addresses: 213, 215, and 217 W Venice Ave, and boasts 100% occupancy with four long-term tenants, ensuring a stable income stream. Recent storefront upgrades enhance the property's appeal. Situated on a highly desirable block known for its high foot traffic, this prime location guarantees strong visibility and consistent customer flow. The asking price is $3,750,000, translating to $421.35 per square foot. Long-term leases are in place, featuring built-in escalations, providing further security and potential for future growth. This property is ideal for investors seeking a stable, high-return investment in a thriving downtown area. The property's classification includes restaurant, shopping center, and storefront uses. Its central location within the most sought-after block of downtown Venice ensures continued attractiveness and strong tenant demand.
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,459 SF
Lot
0.09 ac (3,804 SF)
Zoning code
VA
APN
0408-04-0048
UPID
US18-5553141
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
-
Coppola Artistica (Bike/Boat/Book/etc) Store
-
Kristine Grace Resort Wear Clothing & Fashion Store
-
Upper Crust Cafe & Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$830k
Comparable Approach
Comparable
$850k
Blend (final)
Blend
$785k
Owner & transaction history
Addys Inn LLC · 20 yrs held
Addys Inn LLC
since 2005
2 recorded transactions
Zoning & alternative use
VA · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+48.5%
Office building
$930,000
+19.4%
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%
$900,000
6.5%
$830,000
7%
$770,000
Alternative Use
Use
Estimation
RETAIL STORES
$780,000
Current use
MEDICAL BUILDING
$1,160,000
Change: +48% · Conversion: Difficult
OFFICE BUILDING
$930,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$785k
Range $707k – $864k · ±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
$227 / 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
$9,973
Tax year 2023
Assessed value
$694,100
Assessed 2023
Previous assessed
$571,900
+21.4% YoY
Effective rate
1.44%
On assessed value
Assessed land
$345,900
Assessed improvement
$348,200
Land market value
$345,900
Improvement market value
$348,200
Total market value
$694,100
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Rooms
2
Bathrooms
3
Total area
3,459 SF
Lot
0.09 ac (3,804 SF)
Zoning code
VA
APN
0408-04-0048
UPID
US18-5553141
Jurisdiction
SARASOTA
Zoning & alternative use
VA · Venice, FL
Zoning VA · permitted uses
VA · 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
$780,000
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$930,000
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
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Rooms
2
Bathrooms
3
Lot
0.09 ac
Current owner
From public records · entity-resolved
Addys Inn LLC
Entity
Free & Clear · 20 yrs held
Mailing address
235 PONCE DE LEON AVE, VENICE, FL 34285-2331
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2005
—
Addys Inn LLC
Griffith,michael J & Addy
Quit Claim Deed
—
Sep 2, 2005
$850,000
Michael J Griffith
213 Partners
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.
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