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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Retail space
775 The Rialto Venice, FL 34285-3527
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-7121346
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,440 SF
Lot
0.3 ac (13,068 SF)
Zoning code
ST2
APN
0429-14-0002
UPID
US18-7121346
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
-
Venice Day Spa Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
$585k
Comparable Approach
Comparable
$644k
Blend (final)
Blend
$580k
Owner & transaction history
Venice Cove LLC · 1 yrs held
Venice Cove LLC
since 2025
7 recorded transactions
Zoning & alternative use
ST2 · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$815,000
+48.5%
Office building
$655,000
+19.4%
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
by Request
ML approach
$375,000
CAP Approach
CAP Return
Estimation
6%
$635,000
6.5%
$585,000
7%
$545,000
Alternative Use
Use
Estimation
RETAIL STORES
$550,000
Current use
MEDICAL BUILDING
$815,000
Change: +48% · Conversion: Difficult
OFFICE BUILDING
$655,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$580k
Range $522k – $638k · ±10%
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
$238 / 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
$6,926
Tax year 2023
Assessed value
$525,800
Assessed 2023
Previous assessed
$424,300
+23.9% YoY
Effective rate
1.32%
On assessed value
Assessed land
$245,000
Assessed improvement
$280,800
Land market value
$245,000
Improvement market value
$280,800
Total market value
$525,800
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Rooms
11
Bathrooms
3
Total area
2,440 SF
Lot
0.3 ac (13,068 SF)
Zoning code
ST2
APN
0429-14-0002
UPID
US18-7121346
Jurisdiction
SARASOTA
Zoning & alternative use
ST2 · Venice, FL
Zoning ST2 · permitted uses
ST2 · 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
RETAIL STORES Current
Est. value
$550,000
MEDICAL BUILDING
Est. value
$815,000
OFFICE BUILDING
Est. value
$655,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Rooms
11
Bathrooms
3
Lot
0.3 ac
Current owner
From public records · entity-resolved
Venice Cove LLC
Entity
Mailing address
1657 ALBINO ST, NOKOMIS, FL 34275-1731
Ownership since
2025
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
Jun 18, 2025
$900,000
Venice Cove LLC
Tranquility Properties LLC
Warranty Deed
$1,634,000 · Meridian Bank
Jan 14, 2021
—
Tranquility Properties LLC
—
Deed
related
$380,000 · Fifth Third Bank
Nov 30, 2020
—
Tranquility Properties LLC
—
Deed
related
$380,000 · Fifth Third Bank
Aug 30, 2019
$325,000
Tranquility Properties LLC
Belfiore,betty M
Warranty Deed
—
Dec 20, 2011
—
Belfiore Family Trust
Belfiore,john F & Betty M
Quit Claim Deed
related
—
Dec 31, 2007
$451,400
John F Belfiore
Palms Day Spa INC
Warranty Deed
—
Apr 1, 2005
$370,000
Palms Day Spa INC
Venice Endowment INC
Warranty Deed
$544,000 · First Priority Bank
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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