540 Nokomis S Ave, Venice, FL 34285-2818
- Office buildings
- 3,204 SF
- 0.24 lot acres
Current Use by Public Records
- Exocell MD LLC / Medical Clinic
Property Details for 540 Nokomis S Ave
- Year built
- 1974
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.24 lot acres
- Zone code
- ST2A
- Property type
- Office buildings
- APN
- 0429-06-0039
- APU
- 429060039
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 21, 2025 | $750,000 | 164 Southern Railway LLC | Sylvia Zimny | Special Warranty Deed | $375k · The Bank Of Tampa |
| Feb 11, 2022 | $715,000 | Sylvia Zimny | Laga Venice LLC | Warranty Deed | — |
| Nov 27, 2019 | $358,000 | Lags Venice LLC | Scott Ross | Warranty Deed | $274k · Lags Venice LLC |
| Jan 25, 2018 | $219,900 | Scott Ross | Venice Medical LLC | Warranty Deed | — |
| Oct 7, 2013 | — | Venice Medical LLC | Blake,jeffrey | Quit Claim Deed · related | — |
| Sep 9, 2013 | $160,000 | Jeffrey Blake | Pnc Bk National Assn | Grant Deed | — |
| Mar 13, 2012 | $165,001 | Rbc Bk USA | Paradocs LLC Coc | Trustees Deed · related | — |
| Jul 14, 2004 | $625,000 | Paradise LLC | Jd & G Miller Holdings Lc | Grant Deed | — |
| Jan 27, 2003 | $530,000 | J D Lc | Agnes,philip M | Grant Deed · related | $398k · Gold Bank NA |
| Nov 30, 2001 | $465,000 | Philip M Agnes | Dull,michael & Maria | Grant Deed | — |
| Oct 6, 2000 | $325,000 | Michael Dull | Kerkering Barberio & Company | Grant Deed | $261k · Sarasota Bank |
Description
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).
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $960,000
- ML approach
- $975,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $830,000
- 6.5%
- $765,000
- 7%
- $710,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $870,000
- AI Estimate
- $592,000
Market price range: $495k - $1.14MMarket price range: $334k - $869k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $865,000 Current use
- MEDICAL BUILDING
- $1,075,000 Change: +24% Conversion: Easy
- RETAIL STORES
- $725,000 Change: -16% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Venice
- County
- Sarasota
- State
- Florida
- Longitude
- -82.4459
- Latitude
- 27.0903
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
