Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Retail space
257 Tamiami S Trl Venice, FL 34285-2420
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-3088293
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,168 SF
Lot
0.24 ac (10,500 SF)
Zoning code
ST1
APN
0408-11-0035
UPID
US18-3088293
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
-
Venice Area Beautification Inc Volunteer Organization Charitable Organization
-
James Griffith Salon of Venice Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
$520k
Comparable Approach
Comparable
$608k
Blend (final)
Blend
$550k
Owner & transaction history
Griffith Properties LLC · 9 yrs held
Griffith Properties LLC
since 2017
4 recorded transactions
Zoning & alternative use
ST1 · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$725,000
+48.5%
Office building
$585,000
+19.4%
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
$470,000
CAP Approach
CAP Return
Estimation
6%
$565,000
6.5%
$520,000
7%
$485,000
Alternative Use
Use
Estimation
RETAIL STORES
$490,000
Current use
MEDICAL BUILDING
$725,000
Change: +48% · Conversion: Difficult
OFFICE BUILDING
$585,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$254 / 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
$11,366
Tax year 2023
Assessed value
$784,100
Assessed 2023
Previous assessed
$656,100
+19.5% YoY
Effective rate
1.45%
On assessed value
Assessed land
$361,100
Assessed improvement
$423,000
Land market value
$361,100
Improvement market value
$423,000
Total market value
$784,100
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Rooms
3
Bathrooms
3
Total area
2,168 SF
Lot
0.24 ac (10,500 SF)
Zoning code
ST1
APN
0408-11-0035
UPID
US18-3088293
Jurisdiction
SARASOTA
Zoning & alternative use
ST1 · Venice, FL
Zoning ST1 · permitted uses
ST1 · 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
RETAIL STORES Current
Est. value
$490,000
MEDICAL BUILDING
Est. value
$725,000
OFFICE BUILDING
Est. value
$585,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Rooms
3
Bathrooms
3
Lot
0.24 ac
Current owner
From public records · entity-resolved
Griffith Properties LLC
Entity
Mailing address
257 TAMIAMI TRL S, VENICE, FL 34285-2420
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2025
—
Griffith Properties LLC
—
Deed
related
$500,000 · Seacoast National Bank
May 18, 2017
—
Griffith Properties LLC
Griffith,james & Christine M
Quit Claim Deed
related
—
—
—
Griffith,christine M & James L
—
Deed Of Trust
related
$25,000 · Suntrust Bk
—
—
Griffith,james L & Christine M
—
Deed Of Trust
related
$625,000 · Suntrust Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 257 Tamiami S Trl?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
