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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Warehouses
221 Warfield Ave Venice, FL 34285-4640
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5481818
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,550 SF
Lot
0.39 ac (16,888 SF)
Zoning code
SBI
APN
0408-08-0056
UPID
US18-5481818
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
-
Horizon Distributors Agricultural Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$980k
CAP Approach
CAP
$980k
Comparable Approach
Comparable
$761k
Blend (final)
Blend
$790k
Owner & transaction history
Pool Development LLC · 3 yrs held
Pool Development LLC
since 2022
Last sale
$715,000
5 recorded transactions
Zoning & alternative use
SBI · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+70.9%
Retail stores
$1.0M
+43.1%
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
$960,000
ML approach
$980,000
CAP Approach
CAP Return
Estimation
6%
$1,060,000
6.5%
$980,000
7%
$910,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$720,000
Current use
OFFICE BUILDING
$1,225,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$1,025,000
Change: +43% · Conversion: Moderate
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $715k (Oct 14 2022)
Last sale anchor
$715k
Oct 14 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
$174 / 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
$6,099
Tax year 2023
Assessed value
$400,900
Assessed 2023
Previous assessed
$272,900
+46.9% YoY
Effective rate
1.52%
On assessed value
Assessed land
$179,200
Assessed improvement
$221,700
Land market value
$179,200
Improvement market value
$221,700
Total market value
$400,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
4
Bathrooms
2
Total area
4,550 SF
Lot
0.39 ac (16,888 SF)
Zoning code
SBI
APN
0408-08-0056
UPID
US18-5481818
Jurisdiction
SARASOTA
Zoning & alternative use
SBI · Venice, FL
Zoning SBI · permitted uses
SBI · 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
WAREHOUSE, STORAGE Current
Est. value
$720,000
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
Pool Development LLC
Entity
Mailing address
109 NORTHPARK BLVD, COVINGTON, LA 70433-5005
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2022
$715,000
Pool Development LLC
Walket Management C LLC
Warranty Deed
—
Mar 21, 2008
—
Walket Management C LLC
Milligan,timothy E
Warranty Deed
—
Aug 31, 1998
$202,000
Timothy E Milligan
Gertiser,scottsworth & Lorraine
Grant Deed
$180,000 · Suntrust Bank Gulf Coast
—
—
Walket Management C LLC
—
Deed Of Trust
related
$116,000 · Bmo Harris Bank
—
—
Timothy E Milligan
—
Deed Of Trust
related
$150,560 · Southtrust Bank NA
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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