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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Manufacturing properties
2179 Tamiami Trl Venice, FL 34293-5035
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-6034144
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,811 SF
Lot
3.48 ac (151,605 SF)
Zoning code
RSF3; CI
APN
0450-06-0001
UPID
US18-6034144
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$882k
Blend (final)
Blend
$815k
Owner & transaction history
Old Road LLC · 3 yrs held
Old Road LLC
since 2023
Last sale
$515,000
6 recorded transactions
Zoning & alternative use
RSF3; CI · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+32.3%
Neighborhood: shopping center
$815,000
+3.9%
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
$880,000
ML approach
$1,045,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$785,000
Current use
AUTO REPAIR, GARAGE
$1,040,000
Change: +32% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$815,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$815k
Range $734k – $897k · ±10% · vs last sale $515k (Jun 22 2023)
Last sale anchor
$515k
Jun 22 2023
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
$450 / 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
$4,337
Tax year 2023
Assessed value
$394,400
Assessed 2023
Previous assessed
$293,000
+34.6% YoY
Effective rate
1.10%
On assessed value
Assessed land
$375,000
Assessed improvement
$19,400
Land market value
$375,000
Improvement market value
$19,400
Total market value
$394,400
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
5
Bathrooms
2
Total area
1,811 SF
Lot
3.48 ac (151,605 SF)
Zoning code
RSF3; CI
APN
0450-06-0001
UPID
US18-6034144
Jurisdiction
SARASOTA
Zoning & alternative use
RSF3; CI · Venice, FL
Zoning RSF3; CI · permitted uses
RSF3; CI · 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) Current
Est. value
$785,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$815,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
2
Lot
3.48 ac
Current owner
From public records · entity-resolved
Old Road LLC
Entity
Mailing address
2227 S TAMIAMI TRL, VENICE, FL 34293-5016
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2023
$515,000
Old Road LLC
Barton F Kay
Warranty Deed
—
Feb 21, 2018
$275,000
Barton F Kay
2179 Tamiami Investments LLC
Grant Deed
$275,000 · 2179 Tamiami Investments LLC
Feb 13, 2013
$250,000
2179 Tamiami Investments LLC
Ace Real Properties LLC
Warranty Deed
—
Oct 8, 2004
$175,000
Ace Real Properties LLC
Ace Lab INC
Grant Deed
related
—
—
—
Ace Real Properties LLC
—
Deed Of Trust
related
$400,000 · Rollover W Pearson C & Barbara A P
—
—
Ace Boat Lifts LLC
—
Deed Of Trust
related
$1,421,294 · Km Fin'l Grp LLC
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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