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Property profile & analytics

540 Nokomis S Ave Venice, FL 34285-2818

  • Office buildings
  • 3,204 SF
  • 0.24 lot acres
OFF-MARKET
Last Sale
Feb 11, 2022
$715,000
Value Estimations
$895,000
Show details
Cap Rate Potential
5.2%
Office buildings
Location Intelligence
Property ID
US18-1849276
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Exocell MD LLC / Medical Center

Property Details for 540 Nokomis S Ave

Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.24 lot acres
Property size
3,204 SF
Zone code
ST2A
Property type
Office buildings
APN
0429-06-0039
APU
429060039

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

based on Realmo’s proprietary methodology
  • 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
    Market price range: $495k - $1.14M
    AI Estimate
    $592,000
    Market price range: $334k - $869k
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $865,000
    Current use
    NEIGHBORHOOD: SHOPPING CENTER
    $1,445,000
    Change: +68% Conversion: Difficult
    MEDICAL BUILDING
    $1,075,000
    Change: +24% Conversion: Easy
    RETAIL STORES
    $725,000
    Change: -16% Conversion: Moderate

Get a detailed, property-specific valuation — 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,724
$211,600
$361,800
$573,400
-
$211,600
$361,800
$573,400
More about this property
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