540 Nokomis S Ave Venice, FL 34285-2818
This exceptional 3,204 square foot Class A medical office building, located at 540 Nokomis Ave S in Venice, Florida, presents a compelling investment opportunity. Built in 1974 and extensively renovated in 2022, the property boasts seven examination rooms, making it ideally suited for a variety of medical practices. The single-story building sits on a 0.26-acre lot and includes 15 on-site parking spaces, ensuring ample convenience for patients and staff. The property is currently vacant, offering immediate occupancy for a new tenant. Its OPI zoning (OPI - Zone OPI Building Code 19) allows for mixed-use development, providing flexibility for future expansion or adaptation. Situated in Sarasota County, near Venice Hospital, this property benefits from a strong location within a growing community with high household incomes. The asking price is $850,000. The property features one unit. A participation deposit of $10,000 is required, along with an earnest money deposit (greater of $20,000 or 10% of the purchase price). A 5% marketing fee applies (minimum $20,000).
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Exocell MD LLC Medical Clinic
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
ST2A · Venice, FLCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.