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Property profile & analytics
OFF-MARKET
Parking lots & garages
229 Tamiami N Trl, Venice, FL 34285
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-4103471
Property summary
AI-generated overview
This freestanding, 2,000 square foot retail/office building is located at 229 S Tamiami Trail in Venice, Florida, 34285. Built in 1954, the property sits on a 3,500 square foot lot and is zoned CI. Its convenient location places it steps from downtown Venice's shops, restaurants, and banks, ensuring high visibility and foot traffic. The building offers private parking both in front and in the rear, a significant advantage in this busy area. Currently configured as a single-tenant space, the floor plan is easily adaptable to suit a single user or even two tenants. The asking price is $599,000, translating to $299.50 per square foot. The property's 2018 tax assessment was $3,680.89. This presents a unique owner-user opportunity in a thriving downtown location. The property's versatility and prime location make it an attractive investment. Serious inquiries are encouraged.
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1953
Total area
1,168 SF
Lot
0.46 ac (20,031 SF)
Zoning code
DE
APN
0407-14-0046
UPID
US18-4103471
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
-
VVS ( Venice vapors & smoke shop) (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
Bitcoin ATM Venice - Coinhub Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
G & A Realty LLC · 5 yrs held
G & A Realty LLC
since 2020
1 recorded transaction
Zoning & alternative use
DE · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$654,600
Assessed 2023
Previous assessed
$375,700
+74.2% YoY
Assessed land
$619,600
Assessed improvement
$35,000
Land market value
$619,600
Improvement market value
$35,000
Total market value
$654,600
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1953
Heating
NONE
Rooms
2
Bathrooms
2
Total area
1,168 SF
Lot
0.46 ac (20,031 SF)
Zoning code
DE
APN
0407-14-0046
UPID
US18-4103471
Jurisdiction
SARASOTA
Zoning & alternative use
DE · Venice, FL
Zoning DE · permitted uses
DE · 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.
Building & site characteristics
From public records
Year built
1953
Heating
NONE
Rooms
2
Bathrooms
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
G & A Realty LLC
Entity
Free & Clear · 5 yrs held
Mailing address
401 W VENICE AVE, VENICE, FL 34285-2006
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2020
$335,000
G & A Realty LLC
Terry L Pridemore
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.
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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