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Property profile & analytics
OFF-MARKET
Estimated value
$3,945,000
Office buildings
10975 Tamiami N Trl Naples, FL 34108-1932
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-3042078
Property summary
AI-generated overview
This exceptional 4,230 square foot, single-story Class B office building is available for lease in North Naples, Florida. Situated on a 4.8-acre lot with 35 parking spaces, the property features 4,230 square feet of vacant space, ideal for a variety of uses. Built in 1973, the building is located at 10975 Tamiami Trail N, near the intersection of 110th Street, offering excellent visibility and accessibility. The property boasts 133 feet of frontage on the busy North Tamiami Trail, ensuring high traffic exposure. The C-3 zoning allows for diverse commercial uses. This Collier County location, within the Bonita, Naples submarket cluster, provides easy access to local residents and commuters. The property's ample parking and prominent location make it an attractive option for businesses seeking high visibility and convenient access. The building is categorized as a traditional office space with multiple tenancy options.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2014
Total area
4,230 SF
Lot
0.96 ac (41,818 SF)
Zoning code
C-3
APN
62410040009
UPID
US18-3042078
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Chase Mortgage Loan Service Bank
-
Chase ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.67M
Blend (final)
Blend
$3.95M
Owner & transaction history
Butterfli Holdings 004 LLC · 3 yrs held
Butterfli Holdings 004 LLC
since 2022
Last sale
$3.9M
5 recorded transactions
Zoning & alternative use
C-3 · Naples, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.2M
+76.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Naples submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Naples submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,150,000
ML approach
$4,165,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,380,000
Current use
COMMERCIAL (GENERAL)
$4,195,000
Change: +76% · Conversion: Easy
Blend value · Realmo final
$3.95M
Range $3.55M – $4.34M · ±10% · vs last sale $3.88M (Nov 9 2022)
Last sale anchor
$3.88M
Nov 9 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$933 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$26,652
Tax year 2023
Assessed value
$2,687,169
Assessed 2023
Previous assessed
$1,954,107
+37.5% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,784,557
Assessed improvement
$902,612
Land market value
$1,784,557
Improvement market value
$902,612
Total market value
$2,687,169
Applied tax rate
68.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2014
Heating
NONE
Stories
1
Units
1
Total area
4,230 SF
Lot
0.96 ac (41,818 SF)
Zoning code
C-3
APN
62410040009
UPID
US18-3042078
Jurisdiction
COLLIER
Zoning & alternative use
C-3 · Naples, FL
Zoning C-3 · permitted uses
C-3 · Naples, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Naples. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$4.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Heating
NONE
Stories
1
Units
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Butterfli Holdings 004 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
30100 CHAGRIN BLVD STE #301, PEPPER PIKE, OH 44124-5705
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2022
$3,875,000
Butterfli Holdings 004 LLC
Jpmorgan Chase Bank National Associ
Special Warranty Deed
—
Jun 19, 2012
$925,000
Jp Morgan Chase Bk
Jusseaume Roger J Trust
Warranty Deed
—
Jun 19, 2012
$700,000
Jp Morgan Chase Bk
Novello,james & Jeanine
Warranty Deed
—
Jan 24, 2012
$675,000
Jusseaume,roger J Family Trust
Tw Management Of Naples INC
Warranty Deed
$500,000 · Tw Management Of Naples INC
Nov 5, 1997
$350,000
James Novello
Keller,donald E & Antoinette T
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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