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Property profile & analytics
OFF-MARKET
Estimated value
$5,100,000
Retail space
620 Cypress Ave Venice, FL 34285-4605
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-1995663
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,750 SF
Lot
0.26 ac (11,250 SF)
Zoning code
SBI
APN
0408-08-0023
UPID
US18-1995663
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
-
Indigo Pool Patio BBQ General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.10M
Owner & transaction history
Indigo Re Holdings LLC · 1 yrs held
Indigo Re Holdings LLC
since 2024
Last sale
$5.1M
5 recorded transactions
Zoning & alternative use
SBI · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.6M
+268.8%
Restaurant
$4.9M
+221.3%
Auto repair, garage
$3.9M
+154.7%
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
$5,100,000
ML approach
$5,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,615,000
Change: +269% · Conversion: Easy
RESTAURANT
$4,895,000
Change: +221% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,880,000
Change: +155% · Conversion: Difficult
Blend value · Realmo final
$5.10M
Range $4.59M – $5.61M · ±10% · vs last sale $5.10M (Sep 18 2024)
Last sale anchor
$5.10M
Sep 18 2024
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
$756 / 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
$7,222
Tax year 2023
Assessed value
$489,600
Assessed 2023
Previous assessed
$489,600
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$136,900
Assessed improvement
$352,700
Land market value
$136,900
Improvement market value
$352,700
Total market value
$489,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
8
Bathrooms
2
Total area
6,750 SF
Lot
0.26 ac (11,250 SF)
Zoning code
SBI
APN
0408-08-0023
UPID
US18-1995663
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
COMMERCIAL (GENERAL)
Est. value
$5.6M
RESTAURANT
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$3.9M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Indigo Re Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
620 CYPRESS AVE, VENICE, FL 34285-4605
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2024
$5,100,000
Indigo Re Holdings LLC
Indigo Property Holdings LLC
Special Warranty Deed
—
Oct 3, 2012
—
Geyer-dickinson LLP
Hurt,sandra S
Quit Claim Deed
related
—
Oct 3, 2012
$225,000
Indigo Property Holdings LLC
Geyer Dickinson Partnership LLP
Warranty Deed
$202,200 · Suntrust Bank
—
—
Dennis Mintz
—
Deed Of Trust
related
$50,000 · Community Nat'l Bank Sarasota
—
—
Dennis F Mintz
—
Deed Of Trust
related
$75,000 · Community Nat'l Bank Sarasota
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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