Sign Up Successful!
You now have access to more from Realmo!
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

    889 Us Hwy 41st S Byp Venice, FL 34285-4300

    • Bars
    • 13,816 SF
    • 1.42 lot acres
    OFF-MARKET
    Value Estimations
    $1,305,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4564477
    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

    • Bars

    Property Details for 889 Us Hwy 41st S Byp

    Year built
    1968
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.42 lot acres
    Property size
    13,816 SF
    Zone code
    CI
    Property type
    Bars
    APN
    0427-05-0010
    APU
    427050010

    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
    -82.4304
    Latitude
    27.0904
    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
    $13,157
    $609,700
    $27,400
    $637,100
    -
    $609,700
    $27,400
    $637,100

    Comparable in this City

    • Value Estimation by Request
      2,200 SF

      Venice Bch

      Restaurants • 2,200 SF
      0 Venice Bch, Venice, FL 34285
      View Details
    • Value Estimation
      $590,000
      3,876 SF

      661 Tamiami S Trl

      RESTAURANT • 3,876 SF
      661 Tamiami S Trl, Venice, FL 34285-3237
      View Details
    • Value Estimation
      $565,000
      5,718 SF

      215 Tamiami S Trl

      RESTAURANT • 5,718 SF
      215 Tamiami S Trl, Venice, FL 34285-2420
      View Details
    • Value Estimation
      $2,950,000
      2,134 SF

      395 Us Hwy 41st Byp

      RESTAURANT • 2,134 SF
      395 Us Hwy 41st Byp, Venice, FL 34285-6036
      View Details
    • Value Estimation by Request
      1,028 SF

      420 Us Hwy 41st Byp

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,028 SF
      420 Us Hwy 41st Byp, Venice, FL 34285-6056
      View Details
    • Value Estimation by Request
      1,329 SF

      335 Venice Ave

      RESTAURANT • 1,329 SF
      335 Venice Ave, Venice, FL 34285-2004
      View Details

    Similar Nearby for Sale

    • $6,250,000
      19,253 SF

      Venice Island Commercial Portfolio

      Three commercial properties on South Tamiami Trail in Venice, Florida.
      220 S Tamiami Trl, Venice, FL 34285
      View Details
    • $1,500,000
      1,344 SF

      Restaurant Building Near Downtown Venice

      Commercial parcel with restaurant near downtown Venice, Florida.
      200 S Tamiami Trl, Venice, FL 34285
      View Details
    • $1,800,000
      20,125 SF

      Venice Retail Investment Opportunity

      Prime Venice location, high cash flow potential.
      744 Venice Ave, Venice, FL 34285
      View Details
    • $350,000

      Retail Unit in Venice, FL

      1,520 SF retail unit for sale in Venice, FL.
      853 Us-41-Byp 853, Venice, FL 34285
      View Details
    • $2,950,000
      8,500 SF

      Downtown Venice Mixed-Use Redevelopment Opportunity

      Prime mixed-use property in Downtown Venice with redevelopment potential.
      219 W Venice Ave, Venice, FL 34285
      View Details
    • $844,000
      6,404 SF

      Venice Flex Space - Live/Work Opportunity

      6,404 SF Flex Space, Vacant, $844,000
      236 Grove St, Nokomis, FL 34285
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      135,134 SF

      Bird Bay Plaza Retail Space

      Venice, FL: Prime Retail Opportunity
      565 41 Byp, Venice, FL 34285
      View Details
    • $40 SF/Yr
      8,584 SF

      Downtown Venice Office Space

      Prime Venice location, multiple suites available
      127 Tampa Ave, Venice, FL 34285
      View Details
    • $19 SF/Yr
      38,144 SF

      Regency Square Shopping Center

      Venice, FL Retail Space: 915 sq ft available
      1185 41 Byp, Venice, FL 34285
      View Details
    • Contact for pricing
      23,722 SF

      Venice Beach Retail Opportunity

      Grocery-anchored shopping center in affluent Venice Beach community.
      501-555 Tamiami Trl S, Venice, FL 34285
      View Details
    • Contact for pricing
      1,605 SF

      Retail Space in Winn-Dixie Center

      Retail space with high visibility and accessibility on US 41.
      442-444 Us Highway 41 Byp, Venice, FL 34285
      View Details
    • $3,000 /Mo

      Venice, FL Office/Retail Space

      Office and retail spaces available for lease in Venice, FL.
      460 Base Ave E 125, Venice, FL 34285
      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.
    889 Us Hwy 41st S Byp
    Venice, FL 34285-4300
    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.