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Property profile & analytics
OFF-MARKET
Estimated value
$490,000
Manufacturing properties
1402 New Market W Rd Immokalee, FL 34142-2266
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5202355
Property profile
Verified
Property type
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Year built
1967
Total area
1,200 SF
Lot
0.16 ac (6,970 SF)
Zoning code
C-1-SR29COSD
APN
63850080000
UPID
US18-5202355
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$545k
Blend (final)
Blend
$490k
Owner & transaction history
Newmarket Professional Building LLC · 2 yrs held
Newmarket Professional Building LLC
since 2023
Last sale
$620,000
4 recorded transactions
Zoning & alternative use
C-1-SR29COSD · Immokalee, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$665,000
+75.7%
Retail stores
$605,000
+60.4%
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 Immokalee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Immokalee 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
$490,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$380,000
Current use
OFFICE BUILDING
$665,000
Change: +76% · Conversion: Difficult
RETAIL STORES
$605,000
Change: +60% · Conversion: Moderate
Blend value · Realmo final
$490k
Range $441k – $539k · ±10% · vs last sale $620k (Oct 4 2023)
Last sale anchor
$620k
Oct 4 2023
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
$408 / 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
$2,877
Tax year 2023
Assessed value
$210,567
Assessed 2023
Previous assessed
$198,513
+6.1% YoY
Effective rate
1.37%
On assessed value
Assessed land
$56,000
Assessed improvement
$154,567
Land market value
$56,000
Improvement market value
$154,567
Total market value
$210,567
Applied tax rate
5.0000
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
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Status
Off-Market
Year built
1967
Heating
NONE
Stories
1
Total area
1,200 SF
Lot
0.16 ac (6,970 SF)
Zoning code
C-1-SR29COSD
APN
63850080000
UPID
US18-5202355
Jurisdiction
COLLIER
Zoning & alternative use
C-1-SR29COSD · Immokalee, FLZoning C-1-SR29COSD · permitted uses
C-1-SR29COSD · Immokalee, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$380,000
OFFICE BUILDING
Est. value
$665,000
RETAIL STORES
Est. value
$605,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
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
1967
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Newmarket Professional Building LLC
Entity
Free & Clear · 2 yrs held
Mailing address
212 S 1ST ST, IMMOKALEE, FL 34142-3904
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2023
—
Newmarket Professional Building LLC
Mdv Ventures LLC
Quit Claim Deed
related
—
Oct 4, 2023
$620,000
Mdv Ventures LLC
Newmarket Professional Building LLC
Special Warranty Deed
$590,000 · Newmarket Professional Building LLC
Feb 15, 2022
—
Newmarket Professional Building LLC
Denise Lujan
Deed
—
Aug 15, 2008
—
Lujan Denise Trust
Blanton,denise L
Quit Claim Deed
related
—
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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