Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    15898 Old 41st N Naples, FL 34110

    • Manufacturing properties
    • 8,182 SF
    • 3.83 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2607607
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 15898 Old 41st N

    Year built
    2018
    Lot size
    3.83 lot acres
    Property size
    8,182 SF
    Zone code
    I
    Property type
    Manufacturing properties
    APN
    143280004
    APU
    143280004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Naples
    County
    Collier
    State
    Florida
    Longitude
    -81.7903
    Latitude
    26.3132
    CBSA code
    34940
    CBSA name
    NAPLES-MARCO ISLAND, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $68,435
    $0.00
    $0.00
    $6,536,332
    -
    $3,159,750
    $4,379,120
    $7,538,870

    Comparable in this City

    • Value Estimation by Request
      9,262 SF

      1510 Rail Head Blvd

      FACTORY (MANUFACTURING) • 9,262 SF
      1510 Rail Head Blvd, Naples, FL 34110-8402
      View Details
    • Value Estimation by Request
      4,950 SF

      1020 Collier Ctr Way

      FACTORY (MANUFACTURING) • 4,950 SF
      1020 Collier Ctr Way, Naples, FL 34110-8422
      View Details
    • Value Estimation by Request
      35,600 SF

      16160 Performance Way

      FACTORY (MANUFACTURING) • 35,600 SF
      16160 Performance Way, Naples, FL 34110-2224
      View Details
    • Value Estimation
      $600,000
      10,468 SF

      1400 Rail Head Blvd

      FACTORY (MANUFACTURING) • 10,468 SF
      1400 Rail Head Blvd, Naples, FL 34110-8421
      View Details
    • Value Estimation
      $1,390,000
      7,952 SF

      1025 Collier Ctr Way

      FACTORY (MANUFACTURING) • 7,952 SF
      1025 Collier Ctr Way, Naples, FL 34110-8458
      View Details
    • Value Estimation by Request
      28,600 SF

      1330 Rail Head Blvd

      MANUFACTURING (LIGHT) • 28,600 SF
      1330 Rail Head Blvd, Naples, FL 34110-8428
      View Details

    Similar Nearby for Sale

    • $300,000

      North Naples Industrial Condo

      Industrial condo with office, warehouse, and mezzanine space for sale.
      1101 Sun Century Rd, Naples, FL 34110
      View Details
    • Contact for pricing

      North Naples Flex Space Available

      2,668 SF flex space in North Naples for sale.
      1085 Business Ln, Naples, FL 34110
      View Details
    • New
      $550,000
      0.15 Acres

      Cleared Canal Lot in Naples

      Cleared waterfront lot in North Naples, ideal for building a home.
      1294 Venetian Way, Naples, FL 34110
      View Details
    • Contact for pricing
      30,000 SF

      Naples Flex Space - 2668 SF

      Versatile flex space, ideal North Naples location. Immediate occupancy.
      1085 Business Ln, Naples, FL 34110
      View Details
    • $550,000

      Sterling Oaks Drive Property

      Property located on Sterling Oaks Drive, Naples, Florida.
      14489 Sterling Oaks Dr, Naples, FL 34110
      View Details
    • $450,000

      New North Naples Boat Slip

      48 x 18 boat slip with 40,000# lift.
      243D Wiggins Bay Dr, Naples, FL 34110
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      26 SF

      Industrial Space in North Naples

      8,775± SF air-conditioned industrial/storage space, convenient location.
      1401 Rail Head Blvd, Naples, FL 34110
      View Details
    • $22 SF/Yr
      2,745 SF

      Naples Flex/Industrial Space Available

      Flex/industrial space available for lease in Naples, Florida.
      1474 Rail Head Blvd, Naples, FL 34110
      View Details
    • $16 SF/Yr
      3,630 SF

      Naples Warehouse Space Available

      Warehouse space for rent with convenient access to major roads.
      1455 Rail Head Blvd, Naples, FL 34110
      View Details
    • $24 SF/Yr
      2,147 SF

      Naples Flex/Industrial Space Available

      Flex/industrial space available for lease in Naples, Florida.
      1076 Business Ln, Naples, FL 34110
      View Details
    • $15 SF/Yr
      43 SF

      Industrial Warehouse Sublease in Naples

      43,370 SF warehouse available for sublease starting February 2025.
      16160 Performance Way, Naples, FL 34110
      View Details
    • $19 SF/Yr
      1,250 SF

      Naples Industrial Space Available

      Industrial property available for lease in Naples, Florida.
      1447 Rail Head Blvd, Naples, FL 34110
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15898 Old 41st N
    Naples, FL 34110
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.