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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Office buildings
1441 Rdg St Naples, FL 34103-4211
Entity Owned
~
Est. High Equity
Property ID
US18-4234614
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Total area
3,664 SF
Lot
0.48 ac (20,909 SF)
Zoning code
C-1
APN
69540000051
UPID
US18-4234614
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
-
Naples Radiologists Pa: Smock David E MD Physician Medical Clinic
-
Lagman Sergio M MD Physician
-
Kyle McLaughlin Real Estate Agency
-
Dr. Michael R. Theobald, MD Physician Medical Clinic
-
Dr. Eric E. Vensel, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.84M
CAP Approach
CAP
$1.24M
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.52M
Owner & transaction history
Dancing Bear Partners LLC
Dancing Bear Partners LLC
since 2025
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
C-1 · Naples, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,795,000
ML approach
$1,840,000
CAP Approach
CAP Return
Estimation
6%
$1,340,000
6.5%
$1,240,000
7%
$1,150,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,060,000
Current use
RETAIL STORES
$2,040,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±10% · vs last sale $1.50M (May 4 2025)
Last sale anchor
$1.50M
May 4 2025
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
$415 / 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
$12,837
Tax year 2023
Assessed value
$1,046,569
Assessed 2023
Previous assessed
$555,225
+88.5% YoY
Effective rate
1.23%
On assessed value
Assessed land
$622,483
Assessed improvement
$424,086
Land market value
$622,483
Improvement market value
$424,086
Total market value
$1,046,569
Applied tax rate
6.0000
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
1993
Heating
NONE
Stories
1
Units
1
Total area
3,664 SF
Lot
0.48 ac (20,909 SF)
Zoning code
C-1
APN
69540000051
UPID
US18-4234614
Jurisdiction
COLLIER
Zoning & alternative use
C-1 · Naples, FL
Zoning C-1 · permitted uses
C-1 · 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
$2.1M
RETAIL STORES
Est. value
$2.0M
OFFICE BUILDING Current
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
1993
Heating
NONE
Stories
1
Units
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Dancing Bear Partners LLC
Entity
Mailing address
2205 CORDILLERA WAY, EDWARDS, CO 81632-6290
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2025
$1,500,000
Dancing Bear Partners LLC
Csmn Investments Fl LLC
Warranty Deed
$1,200,000 · Bank Of America NA
Jan 4, 2023
—
Csmn Investments Fl LLC
—
Deed
related
$12,500,000 · Alecko Lending I LLC
Jan 26, 2022
$1,675,000
Csmn Investments Fl LLC
Dh Squared Properties LLC
Warranty Deed
—
Apr 1, 2020
—
LLC 2020 Dh Squared Properties
—
Deed
related
$4,500,000 · Bmo Harris Bank N A
Jan 9, 2018
$540,000
Dh Squared Properties LLC
Naples Radiologists LLC
Warranty Deed
$378,000 · Bmo Harris Bank NA
—
—
Dh Squared Properties LLC
—
Deed Of Trust
related
$1,000,000 · Bmo Harris Bk NA
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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