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    960 CHALMER Drive Marco Island, FL 34145

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    Claim this Listing
    For Sale
    $550,000

    COMMERCIAL - Marco Island, FL

    Property size:
    936 SF
    Price / SF:
    $587/SF
    Added:
    Jul 7, 2025
    Days on Market:
    298
    Last Refresh:
    Apr 30 at 4:06 pm

    Property Features for 960 CHALMER Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C5
    Parking
    10
    Standard status
    Active
    APN
    59230240005
    Size
    936 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2041

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1983
    Floors in Building
    1
    Flooring type
    Concrete, Carpet, Tile
    Building materials
    Concrete
    Roof type
    Flat

    We can help!

    Listing Contact
    Paul Tateo
    Paul Tateo

    Listing agent Paul Tateo License #267500211

    Listing office Horizons by the Sea, INC 661 S Collier Blvd, Marco Island, FL

    Listing date Jul 7, 2025

    MLS# 2251496

    Copyright © 2026 Marco Island Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Marco Island Commercial Condo

    This commercial condo, located in Marco Island, Florida, offers 936 square feet of space suitable for business, car storage, or warehouse use. Zoned C5, the property features a roll-up door and workspace with a loft in the rear, along with air-conditioned office space in the front. A fenced rear security yard is shared in common with other condo unit owners at Marco Industrial Center. Signage is available on the front of the unit. The property benefits from easy access from Chalmers to the alley. Situated next to the County Recycle station, the site is surrounded by storage facilities, auto repair shops, boat sales, and other unique C5 uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Marco Pet Salon Pet Grooming Service Island Graphics (Bike/Boat/Book/etc) Store ClassicLuxuryLimo Bus Charter Island Audio and Graphics ... Computer & Electronic Repair Maiden Mold Removal General Contractor

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Marco Self Storage — 940 Chalmer Dr Unit 1, Marco Island, FL 34145
    • Rizzi Storage & Industrial — 939 Chalmer Dr Suite 11, Marco Island, FL 34145
    • Auto Nanny Inc — 710 e elkcam cir, marco island, fl 34145
    • Price Moving LLC — 950 n collier blvd suite 400, marco island, fl 34145
    • Price Moving - Marco Island — 950 N Collier Blvd STE 400, Marco Island, FL 34145

    Location Insight

    • Map
    • Local Demand
    City
    Marco Island
    County
    Collier
    State
    Florida
    Longitude
    -81.723837
    Latitude
    25.95677

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    FAQs

    What type of property is this?
    Warehouse - C5 zoned commercial condo for business, car storage, warehouse.
    Where is this warehouse located?
    The property is located at 960 CHALMER Drive Marco Island, FL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Rare C5 zoning allows for a wide range of commercial uses, including business, car storage, and warehouse.; Includes a roll‑up door and workspace with loft, alongside an AC office space.; Features a fenced rear security yard shared with other condo unit owners.
    (239) 821-7606
    We can help!
    Listing Contact
    Paul Tateo
    Paul Tateo
    Real Estate License ID: 267500211
    Learn More
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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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