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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Warehouses
300 Sand Pne Blvd Venice, FL 34292-1707
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-0452134
Property summary
AI-generated overview
cap rates and valuations) are based on information from a variety of sources including but not limited to public records and owner-provided data. While information is believed accurate
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,800 SF
Lot
0.61 ac (26,497 SF)
Zoning code
ILW
APN
0397-13-1019
UPID
US18-0452134
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
$1.06M
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$726k
Blend (final)
Blend
$970k
Owner & transaction history
Kelray Realty INC · 1 yrs held
Kelray Realty INC
since 2025
Last sale
$700,000
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
$965,000
ML approach
$1,055,000
CAP Approach
CAP Return
Estimation
6%
$1,350,000
6.5%
$1,245,000
7%
$1,155,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,435,000
Current use
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±10% · vs last sale $700k (Jan 15 2020)
Last sale anchor
$700k
Jan 15 2020
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
$124 / 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
$10,703
Tax year 2023
Assessed value
$789,300
Assessed 2023
Previous assessed
$660,900
+19.4% YoY
Effective rate
1.36%
On assessed value
Assessed land
$186,700
Assessed improvement
$602,600
Land market value
$186,700
Improvement market value
$602,600
Total market value
$789,300
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
7,800 SF
Lot
0.61 ac (26,497 SF)
Zoning code
ILW
APN
0397-13-1019
UPID
US18-0452134
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.4M
WAREHOUSE, STORAGE Current
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Kelray Realty INC
Entity
Free & Clear · 1 yrs held
Mailing address
917 KEY WAY, NOKOMIS, FL 34275-3345
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2025
$1,400,000
Kelray Realty INC
Morrison Holdings LLC
Warranty Deed
—
Oct 2, 2020
—
Scentsational Soaps & Candles
—
Deed
related
$2,000,000 · Synovus Bk
Jan 15, 2020
$700,000
Morrison Holdings LLC
First Florida First Florida Corp
Warranty Deed
$1,120,000 · Synovus Bank
Jul 1, 2011
$250,000
Florida Clearinghouse Ll First
Investor Services INC
Grant Deed
—
Mar 20, 2009
$623,500
Investor Services INC
Schroeders,david J & Shawn
Deed In Lieu Of Foreclosure
related
—
Jun 20, 2008
$670,000
David J Schroeders
Schroeders Homes INC
Grant Deed
—
May 26, 2005
$730,000
Schroeders Homes INC
Wilkur LLC
Corporation Deed
$633,250 · Branch Banking And Trust Co
—
—
Scentsational Soaps & Candles
—
Deed Of Trust
related
$2,000,000 · Synovus 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.
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