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Property profile & analytics
OFF-MARKET
Estimated value
$2,515,000
Churches & religious facilities
320 Seaboard Ave, Venice, FL 34285-4622
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-8942552
Property summary
AI-generated overview
The property at 320 Seaboard Ave, Venice, FL 34285 is a multi-use worship space situated on a 1.38-acre lot, offering 21,948 square feet of living area. The facility is suitable for ministry, special events, or community gatherings. The main sanctuary is accessible and includes a PA system and livestream capabilities. It is configured for worship services, meetings, or events. Private office space is available, suitable for administrative work, counseling sessions, or planning meetings. The space is also configured for events such as birthday parties, bridal showers, and baby showers. This is a commercial space typically offered for lease.
Property profile
Verified
Property type
Churches & religious facilities
Use group
WAREHOUSE, STORAGE
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,240 SF
Lot
1.38 ac (60,000 SF)
Zoning code
SBI
APN
0408-16-0040
UPID
US18-8942552
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
-
Band of Brothers Nightclub Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.88M
Blend (final)
Blend
$2.52M
Owner & transaction history
Mogford Ptshp LLC · 7 yrs held
Mogford Ptshp LLC
since 2018
7 recorded transactions
Zoning & alternative use
SBI · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,350,000
Current use
Blend value · Realmo final
$2.52M
Range $2.26M – $2.77M · ±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
$118 / 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
$22,235
Tax year 2023
Assessed value
$1,516,500
Assessed 2023
Previous assessed
$1,294,400
+17.2% YoY
Effective rate
1.47%
On assessed value
Assessed land
$463,500
Assessed improvement
$1,053,000
Land market value
$463,500
Improvement market value
$1,053,000
Total market value
$1,516,500
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
Churches & religious facilities
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
24
Bathrooms
10
Total area
21,240 SF
Lot
1.38 ac (60,000 SF)
Zoning code
SBI
APN
0408-16-0040
UPID
US18-8942552
Jurisdiction
SARASOTA
Zoning & alternative use
SBI · Venice, FL
Zoning SBI · permitted uses
SBI · 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
$3.4M
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
24
Bathrooms
10
Lot
1.38 ac
Current owner
From public records · entity-resolved
Mogford Ptshp LLC
Entity
Free & Clear · 7 yrs held
Mailing address
613 GRANADA AVE, VENICE, FL 34285-2113
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Dec 26, 2018
$100
Mogford Ptshp LLC
Mogford E C SR & G J Trust
Grant Deed
related
—
Dec 3, 2018
$100
Mogford LLC
Mogford E C SR & G J Trust
Warranty Deed
—
May 5, 2016
$1,250,000
Mogford,edmund C SR & G J Trust
Defina,dannie J & Ronald E
Warranty Deed
—
Dec 5, 2014
$279,100
Partnership Liquidity Invtrs L
Giordano,george N JR & Susan C
Quit Claim Deed
related
—
Nov 5, 2004
$1,375,000
George N Giordano
Lowry,donald G
Warranty Deed
$1,050,000 · Peoples Community Bank W Coast
Sep 4, 2002
$1,075,000
Donald G Lowry
Wsm Wellington
Grant Deed
$585,000 · Peoples Community Bank W Coast
—
—
Wsm Wellington
—
Deed Of Trust
related
$118,000 · Northern Trust Bank Of Florida
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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