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Property profile & analytics
OFF-MARKET
Estimated value
$4,205,000
Warehouses
733 Commerce Dr Venice, FL 34292-1746
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5682054
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,290 SF
Lot
2.57 ac (112,005 SF)
Zoning code
ILW
APN
0398-03-0200
UPID
US18-5682054
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
-
The Platinum Group Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.71M
CAP Approach
CAP
$3.73M
Comparable Approach
Comparable
$4.70M
Blend (final)
Blend
$4.21M
Owner & transaction history
Hch Properties INC · 4 yrs held
Hch Properties INC
since 2022
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
ILW · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.8M
+81.8%
Retail stores
$5.1M
+59.6%
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
$5,635,000
ML approach
$5,705,000
CAP Approach
CAP Return
Estimation
6%
$4,035,000
6.5%
$3,725,000
7%
$3,460,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,185,000
Current use
MEDICAL BUILDING
$5,790,000
Change: +82% · Conversion: Difficult
RETAIL STORES
$5,085,000
Change: +60% · Conversion: Moderate
Blend value · Realmo final
$4.21M
Range $3.78M – $4.63M · ±10% · vs last sale $4.20M (Feb 14 2022)
Last sale anchor
$4.20M
Feb 14 2022
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
$243 / 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
$39,227
Tax year 2023
Assessed value
$2,628,100
Assessed 2023
Previous assessed
$2,303,900
+14.1% YoY
Effective rate
1.49%
On assessed value
Assessed land
$551,400
Assessed improvement
$2,076,700
Land market value
$551,400
Improvement market value
$2,076,700
Total market value
$2,628,100
Applied tax rate
100.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
3
Stories
1
Total area
17,290 SF
Lot
2.57 ac (112,005 SF)
Zoning code
ILW
APN
0398-03-0200
UPID
US18-5682054
Jurisdiction
SARASOTA
Zoning & alternative use
ILW · Venice, FL
Zoning ILW · permitted uses
ILW · 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
WAREHOUSE, STORAGE Current
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$5.8M
RETAIL STORES
Est. value
$5.1M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
3
Lot
2.57 ac
Current owner
From public records · entity-resolved
Hch Properties INC
Entity
Mailing address
PO BOX 1248, NOKOMIS, FL 34274-1248
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2022
$4,200,000
Hch Properties INC
The Platinum Group INC
Warranty Deed
—
Jun 1, 2015
$1,625,000
The Platinum Group INC
Rh Property Holdings LLC
Warranty Deed
$1,502,000 · Busey Bank
Dec 14, 2012
$1,050,000
Rh Property Holdings LLC
Platinum Group INC
Warranty Deed
—
Jun 17, 2002
$375,000
Platinum Group INC
Crem Enterprises INC
Grant Deed
$250,000 · Premier Community Bank
Feb 9, 1999
$156,800
Crem Enterprises INC
Scibc Corp
Grant Deed
$141,056 · Southtrust Bank NA
—
—
Platinum Group INC
—
Deed Of Trust
related
$200,000 · Bank Of Venice
—
—
Platinum Group INC
—
Deed Of Trust
related
$1,680,000 · Bank Of Venice
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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