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    Property profile & analytics

    58 Collier Blvd Marco Island, FL 34145

    • Land
    • 1,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gulfview Club of Marco Island / Condominium Complex / Apartment Rental Agency
    • Marco Island Hideaway / Hotel

    Property Details for 58 Collier Blvd

    Property size
    1,000 SF
    Property type
    Land
    Property subtype
    Apartment buildings

    Description

    This stunning, newly remodeled beachfront condo in Marco Island, Florida, offers 1,000 square feet of luxurious living space. Boasting dazzling designer finishes and breathtaking Gulf views, the property features exquisite renovations throughout, creating a modern and bright Southwest Florida ambiance. The sleek open floor plan highlights panoramic views from Marco Island to Naples, perfect for enjoying colorful sunsets. High-end custom flooring and countertops, along with stylish new kitchen and bathrooms, complete the upscale aesthetic. Residents enjoy direct access to Crescent Beach, Tigertail Beach, and a nearby prestigious Residents Beach via a private walkway. The property's prime location is a short distance from shopping, dining, and nightlife. Community amenities include a heated beachfront pool with a spacious deck, pickleball and tennis courts, bocce ball, a fitness room, BBQ grills, a lobby concierge, and covered, gated garage parking. This exceptional property presents a unique opportunity for coastal luxury living, ideal for seasonal or long-term occupancy. The property is listed at $8,000 and is classified as a multifamily, land property, specifically an apartment building and duplex/triplex/quadruplex. While the listing shows zero units, the description indicates a single condo unit. The address is 58 N Collier BLVD 1010, Marco Island, FL 34145.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marco Island
    County
    Collier
    State
    Florida
    Longitude
    -81.7335
    Latitude
    25.9375

    Comparable in this City

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      0.42 Acres

      620 Collier Blvd

      VACANT COMMERCIAL LAND • 0.42 Acres
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      0.39 Acres

      691 Collier Blvd

      VACANT COMMERCIAL LAND • 0.39 Acres
      691 Collier Blvd, Marco Island, FL 34145-5601
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      0.51 Acres

      891 Elkcam Cir

      VACANT COMMERCIAL LAND • 0.51 Acres
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    Similar Nearby for Lease

    • $26 SF/Yr
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      Marco Island Office Space Available

      Office space suitable for medical, therapy, spa, or professional use.
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    • $35 SF/Yr
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      Marco Island Retail/Office Space

      Premier retail/office location with dock access on Marco Island.
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      675 SF

      Marco Island Retail Space Available

      Retail space available for rent in Marco Island, Florida.
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      5,169 SF

      Marco Island Restaurant Space

      Restaurant space with waterfront views and ample parking available for lease.
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    • $22 SF/Yr
      6,126 SF

      Marco Island Retail Center

      Redeveloped retail center with high visibility and accessibility.
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      2,250 SF

      Marco Island Retail Space Available

      Retail space for lease in Marco Island shopping center.
      1089 N Collier Blvd, Marco Island, FL 34145
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    58 Collier Blvd
    Marco Island, FL 34145
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    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
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