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Property profile & analytics
FOR SALE
Office buildings
1880 Elsa St Naples, FL 34109
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-5141372
For Sale
1 / 11
$1,250,000
1880 Elsa St, Naples, FL 34109
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Total area
3,865 SF
Lot
0.46 ac (20,038 SF)
Zoning code
I
APN
255089300
UPID
US18-5141372
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
-
5 Ber's Furniture Shop Renovation Specialist Hardware & Home Improvement
-
Creative Room PyV Inc Marketing & Advertising
-
Masterpiece Glass & Mirror Hardware & Home Improvement Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$885k
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.03M
Owner & transaction history
Elsa Street Properties LLC · 2 yrs held
Elsa Street Properties LLC
since 2023
Last sale
$987,500
2 recorded transactions
Zoning & alternative use
I · 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
$780,000
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
$1,415,000
6.5%
$1,305,000
7%
$1,215,000
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±10% · vs last sale $988k (Sep 19 2023)
Last sale anchor
$988k
Sep 19 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
$266 / 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
$4,034
Tax year 2023
Assessed value
$406,867
Assessed 2023
Previous assessed
$376,742
+8.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$348,381
Assessed improvement
$58,486
Land market value
$348,381
Improvement market value
$58,486
Total market value
$406,867
Applied tax rate
194.0000
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
For Sale
Year built
1975
Heating
NONE
Stories
1
Total area
3,865 SF
Lot
0.46 ac (20,038 SF)
Zoning code
I
APN
255089300
UPID
US18-5141372
Jurisdiction
COLLIER
Zoning & alternative use
I · Naples, FL
Zoning I · permitted uses
I · 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.
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Elsa Street Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1880 ELSA ST, NAPLES, FL 34109-1888
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2023
$987,500
Elsa Street Properties LLC
Arlene M Kovera
Warranty Deed
—
Feb 1, 2018
—
Kovera,arlene M Trust
Kovera,arlene M
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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