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Property profile & analytics
OFF-MARKET
Estimated value
$3,280,000
Warehouses
312 Venice Ave Venice, FL 34285-4677
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US19-0896787
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,274 SF
Lot
1.29 ac (56,198 SF)
Zoning code
VA
APN
0408-02-0016
UPID
US19-0896787
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
-
AUTOTECH OF VENICE Car Dealership
-
Mobility Experts of Venice Production Facility
-
Monville Engineering Construction Company
-
Command Performance Firearms and Security Training Center Vocational School
-
Malena Calderon, Attorney Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.28M
Owner & transaction history
Sbop LLC · 3 yrs held
Sbop LLC
since 2022
Last sale
$3.6M
6 recorded transactions
Zoning & alternative use
VA · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.3M
+359.8%
Auto repair, garage
$4.2M
+264.4%
Neighborhood: shopping center
$3.3M
+186.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,275,000
Change: +360% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,180,000
Change: +264% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,285,000
Change: +186% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,160,000
Change: +175% · Conversion: Easy
MEDICAL BUILDING
$2,435,000
Change: +112% · Conversion: Difficult
Blend value · Realmo final
$3.28M
Range $2.95M – $3.61M · ±10% · vs last sale $3.64M (Aug 29 2022)
Last sale anchor
$3.64M
Aug 29 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
$451 / 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
$40,716
Tax year 2023
Assessed value
$2,676,200
Assessed 2023
Previous assessed
$1,652,100
+62.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$994,100
Assessed improvement
$1,682,100
Land market value
$994,100
Improvement market value
$1,682,100
Total market value
$2,676,200
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
4
Stories
2
Rooms
108
Bathrooms
3
Total area
7,274 SF
Lot
1.29 ac (56,198 SF)
Zoning code
VA
APN
0408-02-0016
UPID
US19-0896787
Jurisdiction
SARASOTA
Zoning & alternative use
VA · Venice, FL
Zoning VA · permitted uses
VA · 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
RESTAURANT
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
INDUSTRIAL (GENERAL)
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$2.4M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
MEDICAL 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
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Buildings
4
Rooms
108
Bathrooms
3
Lot
1.29 ac
Current owner
From public records · entity-resolved
Sbop LLC
Entity
Mailing address
312 E VENICE AVE STE #112, VENICE, FL 34285-4670
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2022
$3,635,000
Sbop LLC
Watchtower Trading Co LLC
Warranty Deed
—
Aug 31, 2005
$2,000,000
Watchtower Trading Co LLC
Donald Grey Lowry
Warranty Deed
—
Jan 8, 2003
$1,535,000
D Lowry
Grolman,tr
Grant Deed
$1,120,000 · Peoples Community Bank W Coast
—
—
Watchtower Trading Co LLC
—
Deed Of Trust
related
$1,450,000 · Standard Insurance Co
—
—
Watchtower Trading Co LLC
—
Deed Of Trust
related
$2,380,000 · First Priority Bank
—
—
Watchtower Trading Co LLC
—
Deed Of Trust
related
$1,033,160 · Insignia 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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