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    382 9Th St Naples, FL 34102

    For Sale
    $4,900,000

    Profitable Sherwin-Williams, prime Naples location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a 4,075 square foot Sherwin-Williams convenience store located at 382 9th St S, Naples, FL 34102. The property sits on a 0.29-acre lot and includes 14 parking spaces. Currently operating under a triple-net lease (NNN), the store boasts a strong net operating income (NOI) of $85,132, yielding a 1.74% capitalization rate. The asking price is $4,900,000. Recent improvements include all-new showroom flooring, new bathroom tile, drywall repair up to two feet from the floor, and fresh paint throughout the building. The property is zoned for commercial use and presents significant potential for future commercial or residential development given its prime location in the highly desirable Naples market. Rent bumps are included in the lease agreement. This is a rare chance to acquire a well-maintained, income-producing asset in a thriving Florida market. The property's strong tenant and excellent location make it an attractive investment for discerning buyers. Don't miss this opportunity to secure a piece of Naples' vibrant commercial landscape.

    Property Features for 382 9Th St

    General Information

    Property type
    Individual retail properties
    Lot Size
    12,632 SF

    HighLights

    • $4,900,000 asking price for a 4,075 SF convenience store.
    • Sherwin‑Williams NNN tenant in Naples, FL.
    • 1.74% cap rate with $85,132 NOI.
    • Located on a 0.29‑acre lot with 14 parking spaces.
    • Recently renovated with new flooring, bathroom tile, and paint.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sherwin-Williams Paint Store Wallpaper Store

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Wholesale Shop Spa & Massage Auto Repair Shop Realty agency Hair Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Naples
    County
    Collier
    State
    Florida
    Longitude
    -81.7952336
    Latitude
    26.1433016

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    FAQs

    What type of property is this?
    Individual retail property - Profitable Sherwin-Williams, prime Naples location.
    Where is this individual retail property located?
    The property is located at 382 9Th St Naples, FL.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: $4,900,000 asking price for a 4,075 SF convenience store.; Sherwin-Williams NNN tenant in Naples, FL.; 1.74% cap rate with $85,132 NOI.
    Request Owner's contact information
    382 9Th St Naples, FL 34102
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    Naples, FL 34102
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    Realmo Value Estimation

    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.

    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.

    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
    382 9Th St Naples, FL 34102
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