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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Warehouses
236 Grv St Nokomis, FL 34275
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1997503
Property summary
AI-generated overview
This exceptional 6,404 square foot mixed-use property presents a unique live-work opportunity in the vibrant city of Venice, Florida. Located at 236 Grove Street, this two-story building, constructed in 1963, sits on a 7,500 square foot lot (APN 0408080043) and is zoned SBI. The property features a ground floor with a storefront entrance leading to a showroom/office area and restrooms, complemented by two overhead doors providing access to a warehouse space. The upper level offers versatile potential; it could generate rental income, be converted into additional office space, or serve as residential living quarters, perfectly suited for a live-work lifestyle. The building is currently vacant, allowing for immediate occupancy and customization to suit individual needs. Its convenient location just off US-41 Bypass offers easy access to downtown Venice, with its array of shops and restaurants. This multi-unit property (two units) represents a compelling investment opportunity for owner-users seeking a blend of commercial and residential space. The asking price is $844,000.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,540 SF
Lot
0.17 ac (7,500 SF)
Zoning code
SBI
APN
0408-08-0043
UPID
US18-1997503
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
$890k
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$810k
Owner & transaction history
Rent Venice LLC · 3 yrs held
Rent Venice LLC
since 2022
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
SBI · Nokomis, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+80.8%
Retail stores
$1.3M
+73.7%
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 Nokomis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nokomis 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
$905,000
ML approach
$890,000
CAP Approach
CAP Return
Estimation
6%
$825,000
6.5%
$765,000
7%
$710,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$720,000
Current use
OFFICE BUILDING
$1,300,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$1,250,000
Change: +74% · Conversion: Moderate
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $750k (Dec 5 2022)
Last sale anchor
$750k
Dec 5 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
$229 / 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
$9,025
Tax year 2023
Assessed value
$593,200
Assessed 2023
Previous assessed
$593,200
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$108,800
Assessed improvement
$484,400
Land market value
$108,800
Improvement market value
$484,400
Total market value
$593,200
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Rooms
5
Bathrooms
3
Total area
3,540 SF
Lot
0.17 ac (7,500 SF)
Zoning code
SBI
APN
0408-08-0043
UPID
US18-1997503
Jurisdiction
SARASOTA
Zoning & alternative use
SBI · Nokomis, FL
Zoning SBI · permitted uses
SBI · Nokomis, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nokomis. 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
$1.3M
RETAIL STORES
Est. value
$1.3M
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Rooms
5
Bathrooms
3
Lot
0.17 ac
Current owner
From public records · entity-resolved
Rent Venice LLC
Entity
Mailing address
2893 ALEX MCKAY PL, SARASOTA, FL 34240-8417
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2022
$750,000
Rent Venice LLC
M Wiederkeher Recycling LLC
Warranty Deed
$600,000 · Lake Michigan Cu
Jul 5, 2017
$300,000
M Wiederkehr Recycling LLC
Artistry Painting Company INC
Warranty Deed
$1,103,000 · The Huntington National Bank
Jan 9, 2012
$183,000
Artistry Painting Co INC
Distressed Capital I LLC
Warranty Deed
—
Jul 23, 2010
—
Distressed Capital I LLC
Fifth Third Bk
Quit Claim Deed
related
—
May 7, 2010
$98,001
Fifth Third Bk
Baker,stephen F & Lisa A Coc
Trustees Deed
related
—
Oct 23, 2006
$407,000
Stephen F Baker
Harper,charles D & Angela K
Warranty Deed
$325,600 · Fifth Third Bank
Sep 24, 2004
$215,000
Charles D Harper
Jacob,timmy L
Warranty Deed
$172,000 · Bank Of Venice
—
—
Artistry Painting Co INC
—
Deed Of Trust
related
$100,000 · Regions Bank
—
—
Charles D Harper
—
Deed Of Trust
related
$328,000 · Bank Of Venice
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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