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Property profile & analytics
OFF-MARKET Estimated value $770,000
Office buildings

540 Nokomis S Ave Venice, FL 34285-2818

3,204 SF 0.24 ac lot Built 1974
Entity Owned ~ Est. High Equity
Property ID
US18-1849276
Property summary
AI-generated overview

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).

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1974
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,204 SF
Lot 0.24 ac (10,400 SF)
Zoning code ST2A
APN 0429-06-0039
UPID US18-1849276
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
  • Exocell MD LLC Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$975k
CAP Approach CAP
$765k
Comparable Approach Comparable
$871k
Blend (final) Blend
$770k
Owner & transaction history
164 Southern Railway LLC
164 Southern Railway LLC
since 2025
Last sale
$715,000
7 recorded transactions
2025
$750,000
2022
$715,000
2019
$358,000
2018
$219,900
2013
Price N/A
2013
$160,000
2012
$165,001
Zoning & alternative use
ST2A · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Medical building $1.1M +24.3%
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