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Property profile & analytics
FOR LEASE
Office buildings
435 Commercial Ct Venice, FL 34292
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2622851
For Lease
Contact for pricing
435 Commercial Ct, Venice, FL 34292
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
2007
Total area
17,103 SF
Lot
1.27 ac (55,160 SF)
Zoning code
CHI
APN
0400-09-0004
UPID
US18-2622851
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
-
Michael Gallina, DPM Physician
-
Bulat, Jenny, APRN Pediatrician Physician
-
Nicholas Maxwell Physician
-
Kristopher Lund Jensen Pediatrician Physician
-
Walid Tanyous, MD/Tammy Baker Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.09M
Comparable Approach
Comparable
$6.02M
Blend (final)
Blend
$4.92M
Owner & transaction history
435 Commercial Court LLC · 12 yrs held
435 Commercial Court LLC
since 2014
3 recorded transactions
Zoning & alternative use
CHI · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Neighborhood: shopping center
$7.7M
+69.4%
Industrial (general)
$7.4M
+63.1%
Medical building
$5.7M
+25.8%
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%
$4,435,000
6.5%
$4,090,000
7%
$3,800,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,555,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,720,000
Change: +69% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,430,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$5,730,000
Change: +26% · Conversion: Easy
RETAIL STORES
$5,030,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$4.92M
Range $4.42M – $5.41M · ±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
$287 / 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
$42,586
Tax year 2023
Assessed value
$3,315,200
Assessed 2023
Previous assessed
$2,935,600
+12.9% YoY
Effective rate
1.28%
On assessed value
Assessed land
$468,900
Assessed improvement
$2,846,300
Land market value
$468,900
Improvement market value
$2,846,300
Total market value
$3,315,200
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
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
For Lease
Year built
2007
Heating
YES
Cooling
YES
Stories
3
Total area
17,103 SF
Lot
1.27 ac (55,160 SF)
Zoning code
CHI
APN
0400-09-0004
UPID
US18-2622851
Jurisdiction
SARASOTA
Zoning & alternative use
CHI · Venice, FLZoning CHI · permitted uses
CHI · Venice, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.7M
INDUSTRIAL (GENERAL)
Est. value
$7.4M
MEDICAL BUILDING
Est. value
$5.7M
RETAIL STORES
Est. value
$5.0M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
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
2007
Heating
YES
Cooling
Yes
Stories
3
Lot
1.27 ac
Current owner
From public records · entity-resolved
435 Commercial Court LLC
Entity
Mailing address
38 PEQUOT TRL, WESTPORT, CT 06880-2931
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2014
$850,000
435 Commercial Court LLC
Eagle Fl III Spe LLC
Special Warranty Deed
$637,500 · First National Bank
Nov 12, 2013
—
Eagle Fl III Spe LLC
Dmk Holdings LLC Coc
Trustees Deed
related
—
Mar 9, 2006
$325,000
Dmk Holdings LLC
Palermo,george & Loren
Warranty Deed
$520,000 · Venice Interchange Corp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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