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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Warehouses
400 Venice Ave Venice, FL 34285-4631
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4567348
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,254 SF
Lot
0.2 ac (8,792 SF)
Zoning code
VA
APN
0408-02-0010
UPID
US18-4567348
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
$785k
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$891k
Blend (final)
Blend
$660k
Owner & transaction history
Shark Coast Real Estate Holdings Ll · 4 yrs held
Shark Coast Real Estate Holdings Ll
since 2021
Last sale
$535,000
5 recorded transactions
Zoning & alternative use
VA · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$960,000
+43.1%
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
$695,000
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$680,000
7%
$630,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$670,000
Current use
RETAIL STORES
$960,000
Change: +43% · Conversion: Moderate
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $535k (Oct 22 2021)
Last sale anchor
$535k
Oct 22 2021
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
$155 / 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
$6,293
Tax year 2023
Assessed value
$469,100
Assessed 2023
Previous assessed
$341,500
+37.4% YoY
Effective rate
1.34%
On assessed value
Assessed land
$271,900
Assessed improvement
$197,200
Land market value
$271,900
Improvement market value
$197,200
Total market value
$469,100
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Rooms
15
Bathrooms
2
Total area
4,254 SF
Lot
0.2 ac (8,792 SF)
Zoning code
VA
APN
0408-02-0010
UPID
US18-4567348
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
WAREHOUSE, STORAGE Current
Est. value
$670,000
RETAIL STORES
Est. value
$960,000
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Rooms
15
Bathrooms
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Shark Coast Real Estate Holdings Ll
Entity
Mailing address
2819 BEE RDG RD, SARASOTA, FL 34239-7146
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2021
$535,000
Shark Coast Real Estate Holdings Ll
Madeline & Group LLC
Warranty Deed
$401,250 · First Horizon Bank
Jun 7, 2016
—
Madeline & Group LLC
Cestrian INC
Grant Deed
related
—
Jun 24, 2013
$170,000
Cestrian INC
Stearns Bk NA
Grant Deed
—
Dec 18, 2012
$45,001
Bk NA Stearns
Juchnowicz,michael P & Jean E Coc
Trustees Deed
related
—
Oct 26, 1998
$149,900
Michael P Juchnowicz
P & S Properties INC
Grant Deed
related
$112,400 · First Union 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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