Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    787 Commerce Dr Venice, FL 34292-1747

    • Industrial properties
    • 6,864 SF
    OFF-MARKET
    Value Estimations
    $765,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5992983
    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

    • Gulf Coast Glass & Mirror Inc / Hardware & Home Improvement / Home Decor Store
    • Peterson Homes / Construction Company
    • Legacy Builders / Construction Company / General Contractor
    • SWT Aerospace / Freight Service / Logistics Company
    • Kurtz Plumbing / Plumbing Service / General Contractor

    Property Details for 787 Commerce Dr

    Year built
    2006
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    6,864 SF
    Zone code
    ILW
    Property type
    Industrial properties
    APN
    0398-04-4044
    APU
    398044044

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $718,000
      Market price range: $629k - $785k

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

    Location Insight

    • Map
    • Local Demand
    City
    Venice
    County
    Sarasota
    State
    Florida
    Longitude
    -82.3777
    Latitude
    27.1126
    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
    $11,436
    $0.00
    $912,000
    $912,000
    -
    $0.00
    $912,000
    $912,000

    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
      $550,000
      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 by Request
      2,084 SF

      779 Commerce Dr Ste, Unit 10

      CONDOMINIUMS (INDUSTRIAL) • 2,084 SF
      779 Commerce Dr Ste, Venice, FL 34292-1729
      View Details
    • Value Estimation by Request
      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 by Request
      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 by Request
      2,318 SF

      795 Commerce Dr Ste, Unit 10

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

    Similar Nearby for Sale

    • $1,600,000
      Pending

      Venice Land with Redevelopment Potential

      7.3 acre property near I-75, ideal for multifamily redevelopment.
      2327 Ewing Dr, Venice, FL 34292
      View Details
    • $525,000
      2.00 Acres

      Venice Vacant Land Opportunity

      2 acres of vacant land in Venice Farms.
      E Venice Ave, Venice, FL 34292
      View Details
    • New
      $699,000
      5.10 Acres

      Versatile 5.1-Acre Multi-Use Parcel

      Rare 5.1-acre parcel near Legacy Trail and Wellen Park.
      344 S Moon Dr, Venice, FL 34292
      View Details
    • $2,999,000

      Prime Vacant Land on Venice Avenue

      Expansive vacant land with frontage on East Venice Avenue.
      2575 E Venice Ave, Venice, FL 34292
      View Details
    • Contact for pricing
      1.76 Acres

      I-75 & River Road Commercial Land

      Prime 1.76-Acre Commercial Lot in Venice, FL
      2701 State Rte 777, North Port, FL 34292
      View Details

    Similar Nearby for Lease

    • $34,770

      Venice Flex Space For Rent

      Flex space with offices and warehouse in Venice, Florida.
      779 Commerce Dr, Venice, FL 34292
      View Details
    • New
      Contact for pricing
      4,875 SF

      Commerce Drive Warehouse Space

      Spacious warehouse with overhead doors and high ceilings.
      733-737 Commerce Dr, Venice, FL 34292
      View Details
    • $31,260

      Venice Flex Space For Rent

      Flex space with offices and warehouse in Venice, Florida.
      779 Commerce Dr, Venice, FL 34292
      View Details
    • $10 SF/Yr

      Lakeview Office Park Buildings

      Two office buildings in Lakeview Office Park available for lease.
      421 Commercial Ct, Venice, FL 34292
      View Details
    • $24 SF/Yr

      Medical Office Space For Lease

      Premium medical office space available for lease near I-75.
      435 Commercial Ct, Venice, FL 34292
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    787 Commerce Dr
    Venice, FL 34292-1747
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!