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Property profile & analytics
OFF-MARKET
Estimated value
$2,960,000
Hotels
505 Menendez St Venice, FL 34285-2233
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US19-0670018
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Tropical Villas of Venice Beach Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.81M
Blend (final)
Blend
$2.96M
Owner & transaction history
Costampa LLC · 4 yrs held
Costampa LLC
since 2021
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
RMF3 · 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
$3,095,000
ML approach
$3,135,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.96M
Range $2.66M – $3.26M · ±10% · vs last sale $2.38M (Nov 8 2021)
Last sale anchor
$2.38M
Nov 8 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
$1,142 / 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
$24,820
Tax year 2023
Assessed value
$1,738,500
Assessed 2023
Previous assessed
$1,416,500
+22.7% YoY
Effective rate
1.43%
On assessed value
Assessed land
$879,400
Assessed improvement
$859,100
Land market value
$879,400
Improvement market value
$859,100
Total market value
$1,738,500
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
WALL UNIT
Buildings
4
Stories
1
Rooms
12
Bathrooms
11
Total area
2,591 SF
Lot
0.43 ac (18,750 SF)
Zoning code
RMF3
APN
0176-09-0029
UPID
US19-0670018
Jurisdiction
SARASOTA
Zoning & alternative use
RMF3 · Venice, FL
Zoning RMF3 · permitted uses
RMF3 · 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.
Building & site characteristics
From public records
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Rooms
12
Bathrooms
11
Lot
0.43 ac
Current owner
From public records · entity-resolved
Costampa LLC
Entity
Mailing address
7615 RUE DES METIS 905TH XX
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2021
$2,375,000
Costampa LLC
Anchorspring Properties LLC
Warranty Deed
$1,627,500 · Desjardins Bank
Jun 17, 2019
$1,900,000
Anchorspring Properties LLC
Klasing And Klasing LLC
Warranty Deed
$1,140,000 · Centennial Bank
Nov 26, 2003
$900,000
Klasing & Klasing LLC
Goodrich,tr
Grant Deed
$675,000 · Coast Bank Of Florida
Jan 13, 2003
$700,000
Goodrich,tr
Czubernat,r
Grant Deed
$360,000 · Charlotte State Bank
Jun 19, 1997
$445,000
Richard A Czubernat
Jaworski,robert A
Grant Deed
—
—
—
Klasing & Klasing LLC
—
Deed Of Trust
related
$52,242 · First Bank
—
—
Klasing & Klasing LLC
—
Deed Of Trust
related
—
—
—
Klasing & Klasing LLC
—
Deed Of Trust
related
—
—
—
Klasing & Klasing LLC
—
Deed Of Trust
related
$76,600 · Coast 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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