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    Property profile & analytics

    740 Commerce Dr Venice, FL 34292

    • Industrial properties
    • 7.92 lot acres
    For Sale
    View listing
    $550,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7789471
    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

    • Healthy Pets, Inc. / Veterinarian / Veterinary Care
    • Gulf Coast Electrical / Electrician
    • Photo Active Media, LLC. / Print Shop
    • Mobile-One Communications Inc / Security System Supplier / Security
    • Fisher Bio Medical Inc / Medical Supply Store / X-Ray Equipment Supplier

    Property Details for 740 Commerce Dr

    Lot size
    7.92 lot acres
    Zone code
    ILW
    Property type
    Industrial properties
    APN
    0000-00-8271
    APU
    8271

    Description

    This exceptional industrial property, located at 740 Commerce Dr, Suite 3, Venice, FL 34292, offers 2,896 square feet of versatile space, perfectly suited for owner-users. The building features 2,288 square feet of ground floor space complemented by a 608 square foot mezzanine, providing ample room for storage, operations, and office functions. High ceilings, measuring 21 feet, maximize vertical space and accommodate various storage needs. The property includes one 12-foot overhead door at the rear for convenient loading and unloading, along with a standard front entry. Two private offices are situated at the entrance, ideal for administrative tasks. Ample parking is available for staff and visitors. The property is zoned ILW and boasts a convenient location near the intersection of Jacaranda Blvd and I-75, providing easy access to Sarasota County's thriving business sectors and major transportation routes. This prime location in Venice, Florida, benefits from the city's vibrant economy, tourism, and proximity to larger markets like Tampa and Sarasota, making it an excellent investment opportunity. The asking price is $575,000, with a price per square foot of $198.55. The APN is 0397-14-1003.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Venice
    County
    Sarasota
    State
    Florida
    Longitude
    -82.3773
    Latitude
    27.1155
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      35.55 Acres

      801 Commerce Dr

      COMMON AREA (INDUSTRIAL) • 35.55 Acres
      801 Commerce Dr, Venice, FL 34292
      View Details
    • Value Estimation
      $545,000
      2,318 SF

      795 Commerce Dr Ste, Unit 7

      CONDOMINIUMS (INDUSTRIAL) • 2,318 SF
      795 Commerce Dr Ste, Venice, FL 34292-1748
      View Details
    • Value Estimation
      $600,000
      3,666 SF

      321 Sand Pne Blvd, Unit 1

      CONDOMINIUMS (INDUSTRIAL) • 3,666 SF
      321 Sand Pne Blvd, Venice, FL 34292-1739
      View Details
    • Value Estimation
      $260,000
      4,162 SF

      779 Commerce Dr Ste, Unit 1

      CONDOMINIUMS (INDUSTRIAL) • 4,162 SF
      779 Commerce Dr Ste, Venice, FL 34292-1729
      View Details
    • Value Estimation
      $260,000
      2,318 SF

      795 Commerce Dr Ste, Unit 10

      CONDOMINIUMS (INDUSTRIAL) • 2,318 SF
      795 Commerce Dr Ste, Venice, FL 34292-1748
      View Details
    • Value Estimation
      $265,000
      2,318 SF

      795 Commerce Dr Ste, Unit 12

      CONDOMINIUMS (INDUSTRIAL) • 2,318 SF
      795 Commerce Dr Ste, Venice, FL 34292-1748
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $15 SF/Yr
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      Venice Flex Space For Rent

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      Commerce Drive Warehouse Space

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      Prime Venice Office Space Available

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      Prime Venice Medical Office Building

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      New Retail Center Space Available

      New retail center with drive-thru and patio available for lease.
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    • $21 SF/Yr
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      Office Condo Unit For Rent

      Office condo with reception, conference room, and multiple work areas.
      375 Commercial Ct, Venice, FL 34292
      View Details
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    740 Commerce Dr
    Venice, FL 34292
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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