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    Nec Immokalee Rd & Randall Blvd Naples, FL 34120
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    Nec Immokalee Rd & Randall Blvd, Naples, FL 34120

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    • Lifestyle centers
    • 0.98 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 Nec Immokalee Rd & Randall Blvd

    Lot size
    0.98 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail development opportunity presents seven available outparcels situated at the northeast corner of Immokalee Road and Randall Boulevard in Naples, Florida, zip code 34120. The property, designated as "Randall at Orangetree," is zoned MPUD and offers a flexible lot size ranging from approximately 0.98 acres to 3.5 acres. This prime location provides excellent visibility and accessibility, making it ideal for a variety of retail uses. The site's strategic placement at a major intersection ensures high traffic counts and significant exposure to potential customers. The seven individual outparcels offer developers the flexibility to create a cohesive retail center or develop individual properties tailored to specific tenant needs. Whether seeking a purchase or a ground lease, this opportunity provides a unique chance to capitalize on the robust retail market in Naples, Florida. The property's location within Collier County, near the intersection of Immokalee Road and Randall Boulevard, ensures convenient access for residents and visitors alike. This is a rare chance to acquire a significant retail development site in a high-demand area. The flexible lot sizes allow for diverse development plans, catering to a wide range of retail concepts. Serious inquiries are encouraged to explore this exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Naples
    County
    Collier
    State
    Florida
    Longitude
    -81.5992
    Latitude
    26.2782

    Comparable in this City

    • Value Estimation by Request
      18,995 SF

      Immokalee Rd & Orange Tree Blvd

      Lifestyle centers
      0 Immokalee Rd & Orange Tree Blvd, Orangetree, FL 34120
      View Details
    • Value Estimation by Request
      40,000 SF

      Immokalee Rd & Orange Tree Blvd

      Retail properties & Spaces
      0 Immokalee Rd & Orange Tree Blvd, Orangetree, FL 34120
      View Details
    • Value Estimation by Request
      3.02 Acres

      8900 Founders Sq Dr

      Restaurants
      8900 Founders Sq Dr, Naples, FL 34120
      View Details
    • Value Estimation by Request
      2.81 Acres

      78 Wilson Blvd

      Restaurants
      78 Wilson Blvd, Naples, FL 34120
      View Details
    • Value Estimation by Request
      1 SF

      SR 951 Seq Immokalee Rd & Collier Blvd

      Restaurants
      SR 951 Seq Immokalee Rd & Collier Blvd, Naples, FL 34120
      View Details
    • Value Estimation by Request
      33,343 SF

      and Twin Eagles Immokalee Rd

      Restaurants
      and Twin Eagles Immokalee Rd, Naples, FL 34120
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space in Naples, Florida

      Retail property with 86,187 SF of restaurants and retail.
      SR 951 Seq Immokalee Rd & Collier Blvd, Naples, FL 34120
      View Details
    • Contact for pricing

      Fully Leased Shopping Center

      Ace Hardware anchored shopping center in high-growth area.
      Immokalee Rd & Orange Tree Blvd, Naples, FL 34120
      View Details
    • $90,000
      2.27 Acres

      Large Lot in Naples, FL

      2.34 acre lot near Immokalee Road, no HOA.
      7060 Everglades Blvd N, Naples, FL 34120
      View Details
    • $99,900

      Land Available in Naples, Florida

      Land for sale in Collier County, Naples, Florida.
      725 Rabbit Run Rd, Naples, FL 34120
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Founders Square Retail Outparcel

      Prime Collier County retail opportunity. Three spaces available, one acre lot.
      SR 951 Seq Immokalee Rd & Collier Blvd, Naples, FL 34120
      View Details
    • Contact for pricing
      1,507 SF

      Retail Space on Immokalee Road

      Retail space available on Immokalee Rd near Randall Curve.
      2430 Catawba St, Naples, FL 34120
      View Details
    • Contact for pricing

      Prime Retail Pad Frontage Available

      8 acres of retail frontage near planned multi-family development.
      13725 Immokalee Rd, Naples, FL 34120
      View Details
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    Naples, FL 34120
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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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