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Property profile & analytics
OFF-MARKET
Estimated value
$2,055,000
Medical Office Space
21550 Angela Ln Venice, FL 34293-2017
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3622413
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,160 SF
Lot
0.78 ac (33,981 SF)
Zoning code
RSF2
APN
0438-01-0004
UPID
US18-3622413
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
-
Neily J Gregory DO Physician Medical Clinic
-
Murphy Amy M Physician
-
John Neily Physician
-
Heather Brew Physician
-
Water's Edge Dermatology - Venice Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.82M
CAP Approach
CAP
$2.02M
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$2.06M
Owner & transaction history
Joshua O Mali · 3 yrs held
Joshua O Mali
since 2022
Last sale
$2.1M
3 recorded transactions
Zoning & alternative use
RSF2 · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.2M
+34.7%
Industrial (general)
$3.1M
+29.7%
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
$2,815,000
ML approach
$2,815,000
CAP Approach
CAP Return
Estimation
6%
$2,190,000
6.5%
$2,020,000
7%
$1,880,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,400,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,230,000
Change: +35% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,110,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$2,105,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$2.06M
Range $1.85M – $2.26M · ±10% · vs last sale $2.10M (Aug 12 2022)
Last sale anchor
$2.10M
Aug 12 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
$287 / 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
$20,345
Tax year 2023
Assessed value
$1,555,900
Assessed 2023
Previous assessed
$1,417,100
+9.8% YoY
Effective rate
1.31%
On assessed value
Assessed land
$314,800
Assessed improvement
$1,241,100
Land market value
$314,800
Improvement market value
$1,241,100
Total market value
$1,555,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
7,160 SF
Lot
0.78 ac (33,981 SF)
Zoning code
RSF2
APN
0438-01-0004
UPID
US18-3622413
Jurisdiction
SARASOTA
Zoning & alternative use
RSF2 · Venice, FL
Zoning RSF2 · permitted uses
RSF2 · 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
MEDICAL BUILDING Current
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$3.1M
RETAIL STORES
Est. value
$2.1M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Joshua O Mali
Individual
Mailing address
PO BOX 5192, SARASOTA, FL 34277-5192
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2022
$2,100,000
Joshua O Mali
Palomino LLC
Warranty Deed
$1,381,500 · The Bank Of Tampa
Dec 22, 2005
$345,000
Palomino LLC
Miller,j F III
Warranty Deed
$293,000 · Rbc Centura Bank
—
—
Palomino LLC
—
Deed Of Trust
related
$2,200,000 · Rbc Centura 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.
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