Property profile

505 Menendez St Venice, FL 34285

OFF-MARKET
Hotels
Property ID
US19-0670018
2,591 SF 0.43 ac lot Built 1961
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1961
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,591 SF
Lot 0.43 ac (18,750 SF)
Zoning code RMF3
APN 0176-09-0029
UPID US19-0670018

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

505 Menendez St Venice, FL 34285-2233
Venice metro Census 2401 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.14M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.81M
Blend (final) Blend
$3.10M

Owner & transaction history

since 2021
Last sale
$2.4M
7 recorded transactions
2021
$2.4M
2019
$1.9M
2003
$900,000
2003
$700,000
1997
$445,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

RMF3 · Venice, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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