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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Warehouses
509 Cypress Ave Venice, FL 34285-4604
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3052461
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1969
Total area
7,200 SF
Lot
0.29 ac (12,823 SF)
Zoning code
SBI
APN
0408-01-0002
UPID
US18-3052461
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
-
Weeks Machine Shop Industrial Manufacturer Metal Fabrication Plant
-
Factory Auto Air Inc Auto Repair Shop
-
Surfers Warehouse (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$866k
Blend (final)
Blend
$870k
Owner & transaction history
Localbuz Marketing LLC · 2 yrs held
Localbuz Marketing LLC
since 2023
Last sale
$740,000
3 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
$1,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,135,000
Current use
Blend value · Realmo final
$870k
Range $783k – $957k · ±10% · vs last sale $740k (Aug 31 2023)
Last sale anchor
$740k
Aug 31 2023
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
$121 / 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
$6,611
Tax year 2023
Assessed value
$456,200
Assessed 2023
Previous assessed
$456,200
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$148,700
Assessed improvement
$307,500
Land market value
$148,700
Improvement market value
$307,500
Total market value
$456,200
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1969
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Rooms
4
Bathrooms
3
Total area
7,200 SF
Lot
0.29 ac (12,823 SF)
Zoning code
SBI
APN
0408-01-0002
UPID
US18-3052461
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
$1.1M
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
1969
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
4
Bathrooms
3
Lot
0.29 ac
Current owner
From public records · entity-resolved
Localbuz Marketing LLC
Entity
Mailing address
509 CYPRESS AVE, VENICE, FL 34285-4604
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Aug 31, 2023
$740,000
Localbuz Marketing LLC
Weeks Machine INC
Warranty Deed
$481,000 · Velocity Commercial Capital LLC
Mar 26, 2018
$380,000
Weeks Machine INC
Trombley,alan R & Rebekah D
Warranty Deed
$340,000 · Carroll E & Marilyn T Walton
Mar 30, 2012
$150,000
Alan R Trombley
Trombley,roy J
Warranty Deed
related
$135,000 · Roy J Trombley
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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