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Property profile & analytics
OFF-MARKET
Estimated value
$4,035,000
Hotels
2935 Executive Dr Venice, FL 34292-2469
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US18-3452995
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
54,132 SF
Lot
3.33 ac (145,185 SF)
Zoning code
EVA; CHI
APN
0398-13-1011
UPID
US18-3452995
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
-
Fairfield Inn & Suites Venice Hotel & Motel
-
2935 Executive Drive Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.21M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.04M
Owner & transaction history
Venice Hospitality LLC · 17 yrs held
Venice Hospitality LLC
since 2008
7 recorded transactions
Zoning & alternative use
EVA; CHI · 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%
$3,470,000
6.5%
$3,205,000
7%
$2,975,000
Blend value · Realmo final
$4.04M
Range $3.63M – $4.44M · ±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
$75 / 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
$110,971
Tax year 2023
Assessed value
$9,478,100
Assessed 2023
Previous assessed
$8,652,700
+9.5% YoY
Effective rate
1.17%
On assessed value
Assessed land
$2,358,700
Assessed improvement
$7,119,400
Land market value
$2,358,700
Improvement market value
$7,119,400
Total market value
$9,478,100
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
WALL UNIT
Stories
4
Total area
54,132 SF
Lot
3.33 ac (145,185 SF)
Zoning code
EVA; CHI
APN
0398-13-1011
UPID
US18-3452995
Jurisdiction
SARASOTA
Zoning & alternative use
EVA; CHI · Venice, FL
Zoning EVA; CHI · permitted uses
EVA; CHI · 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
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
4
Lot
3.33 ac
Current owner
From public records · entity-resolved
Venice Hospitality LLC
Entity
Mailing address
615 N MAIN ST, O FALLON, IL 62269-3704
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2020
—
Venice Hospitality LLC
—
Deed
related
$5,658,755 · Town And Country Bank
Aug 7, 2008
—
Venice Hospitality LLC
Mcmillin,brad
Warranty Deed
—
Nov 15, 2005
$1,200,000
Brad Mcmillin
Brad Mcmillin Realty INC
Warranty Deed
—
Aug 23, 2004
$1,225,000
Brad Mcmillin Realty INC
Aum-shiva INC
Warranty Deed
—
—
—
Venice Hospitality LLC
—
Deed Of Trust
related
$5,561,000 · First Bank
—
—
Venice Hospitality LLC
—
Deed Of Trust
related
$400,000 · Whitney National Bank
—
—
Venice Hospitality LLC
—
Deed Of Trust
related
$7,100,000 · Whitney National Bank
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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