This exceptional single-tenant office building, located at 550 Airport Ave E in Venice, Florida, presents a fantastic opportunity. Boasting 2,067 square feet of well-maintained space, this property sits on a generous 13,275 square foot lot. Built in 2001, the single-story structure is zoned AAV and features a traditional office layout, ideal for a variety of businesses. The property's address is 550 Airport Ave E, Venice, FL 34285. The building is currently undergoing renovations, including fresh paint, new flooring, and updated cabinets, ensuring a modern and attractive workspace for the next tenant. The property's APN is 0431-01-0007. This is a rare opportunity to secure a well-located, updated office space in the desirable Venice Island area. The property's convenient location and upcoming improvements make it an attractive investment for businesses seeking a comfortable and functional office environment. The single-tenant occupancy provides simplicity and control, while the ample lot size offers potential for future expansion or outdoor amenities. This property is ready for immediate occupancy.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$548,293
6.5%
$506,116
7%
$469,965
Comparable approach
Method
Valuation
Relative Method
$414,660
Geo Method
$377,496
Alternative Use
Use
Valuation
Residential
$627,584
Hospitality
$574,864
Educational
$478,280
Medical
$494,729
Retail
$743,991
Location Insight
City
Venice
County
Sarasota
State
Florida
Latitude
27.0789
Longitude
-82.4355
CBSA code
35840
CBSA name
NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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