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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Manufacturing properties
240 Rich St Venice, FL 34292-3145
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-1218147
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2002
Total area
7,140 SF
Lot
0.86 ac (37,512 SF)
Zoning code
ILW
APN
0421-02-0008
UPID
US18-1218147
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
-
Curry Truck Center - Diesel Truck & Truck Repair - RV Repair Auto Repair Shop
-
Amtruck Repair Services Auto Repair Shop
-
Cableview Communications Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.27M
Comparable Approach
Comparable
$654k
Blend (final)
Blend
$990k
Owner & transaction history
Little T LLC · 3 yrs held
Little T LLC
since 2022
7 recorded transactions
Zoning & alternative use
ILW · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,370,000
6.5%
$1,265,000
7%
$1,175,000
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±10%
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
$139 / 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
$8,213
Tax year 2023
Assessed value
$504,500
Assessed 2023
Previous assessed
$466,400
+8.2% YoY
Effective rate
1.63%
On assessed value
Assessed land
$128,000
Assessed improvement
$376,500
Land market value
$128,000
Improvement market value
$376,500
Total market value
$504,500
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
2002
Heating
YES
Cooling
YES
Stories
1
Total area
7,140 SF
Lot
0.86 ac (37,512 SF)
Zoning code
ILW
APN
0421-02-0008
UPID
US18-1218147
Jurisdiction
SARASOTA
Zoning & alternative use
ILW · Venice, FL
Zoning ILW · permitted uses
ILW · 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
2002
Heating
YES
Cooling
Yes
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Little T LLC
Entity
Mailing address
PO BOX 1543, NOKOMIS, FL 34274-1543
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
Sep 14, 2022
—
Little T LLC
Big T Properties LLC
Warranty Deed
—
Jul 27, 2011
$305,000
Big T Properties LLC
Suntrust Bk
Warranty Deed
—
Jul 14, 2011
—
Suntrust Bk
Perry Concrete Of Venice Coc
Trustees Deed
related
—
Feb 11, 2011
$172,001
Suntrust Bk
Perry Concrete Of Veni Coc
Trustees Deed
related
—
Apr 15, 2004
$648,000
Perry Concrete Of Venice INC
Hood,tr
Grant Deed
—
Apr 15, 2004
—
Hood Charles H Trust
Hood,charles
Quit Claim Deed
related
—
Mar 1, 2004
—
Charles Hood
Item,ildebrando & Holly A Coc
Trustees Deed
related
—
Feb 15, 2002
—
Ildebrando Item
—
Trustees Deed
related
$295,000 · West Coast Guaranty Bank NA
Aug 17, 2001
$120,000
Ildebrando Item
Eldorado Properties INC
Grant 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.
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