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Property profile & analytics
OFF-MARKET Estimated value $2,900,000
Manufacturing properties

216 Seaboard Ave Venice, FL 34285-4618

21,500 SF 0.92 ac lot Built 1960
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US18-5145255
Property summary
AI-generated overview

This exceptional 21,500-square-foot industrial warehouse in Venice, Florida, presents a unique investment opportunity. Located in Sarasota County's Venice submarket, this single-story, Class C building offers flexible space options, with two suites available for lease; one measuring 8,000 square feet and the other 13,500 square feet (totaling 21,500 square feet). Built in 1960 and situated on a 0.92-acre lot, the property features one loading dock, one dock-high door, and one drive-in door, providing convenient access for loading and unloading. Ample parking is available with eight spaces. The property is zoned ILW and is ideal for various industrial and distribution uses. Its strategic location within a thriving commercial sector, coupled with proximity to major transportation routes and logistics hubs, ensures excellent accessibility and connectivity. The entire 21,500 square feet is currently vacant, providing immediate occupancy for a single tenant or the opportunity to lease the space in two separate units. This property represents a compelling opportunity to establish a presence in a growing market with high demand for industrial space.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1960
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 21,500 SF
Lot 0.92 ac (40,000 SF)
Zoning code SBI
APN 0408-10-0003
UPID US18-5145255
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
  • Inline Filling Systems Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.90M
CAP Approach CAP
$3.82M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.90M
Owner & transaction history
Bv Real Estate LLC · 2 yrs held
Bv Real Estate LLC
since 2024
Last sale
$2.9M
5 recorded transactions
2024
$2.9M
2024
$2.5M
2021
$1.9M
2013
Price N/A
1969
Price N/A
Zoning & alternative use
SBI · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

On a corner lot, in any zoning district except the VA, DE, and SBI mixed use districts and IND zoning district, no fence, wall, hedge or other planting or structure that will materially obstruct vision between a height of two and one-half (2.5) feet and ten (10) feet above the centerline grades of the intersecting streets shall be erected, placed or maintain…

Zone name Seaboard Improvement
General category UNKNOWN
Zone area 47.96 ac
Source code of ordinances
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