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Property profile & analytics
OFF-MARKET
Estimated value
$16,470,000
Retail space
220 Basik Dr Naples, FL 34114-8507
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5200919
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Total area
86,446 SF
Lot
4.78 ac (208,217 SF)
Zoning code
C-4
APN
763880305
UPID
US18-5200919
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
-
Big C's Foods Products Grocery & Convenience Store Food Market
-
Art Plus Murals Art Gallery
-
ATM Atm
-
Go Store It Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.47M
Owner & transaction history
Cre Gsi Self Storage Opco LLC · 2 yrs held
Cre Gsi Self Storage Opco LLC
since 2024
7 recorded transactions
Zoning & alternative use
C-4 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$191 / 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
$56,524
Tax year 2023
Assessed value
$5,428,007
Assessed 2023
Previous assessed
$4,934,552
+10.0% YoY
Effective rate
1.04%
On assessed value
Land market value
$1,264,737
Improvement market value
$4,291,973
Total market value
$5,556,710
Applied tax rate
223.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Total area
86,446 SF
Lot
4.78 ac (208,217 SF)
Zoning code
C-4
APN
763880305
UPID
US18-5200919
Jurisdiction
COLLIER
Zoning & alternative use
C-4 · Naples, FL
Zoning C-4 · permitted uses
C-4 · 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
2008
Heating
NONE
Stories
1
Lot
4.78 ac
Current owner
From public records · entity-resolved
Cre Gsi Self Storage Opco LLC
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2024
—
Cre Gsi Self Storage Opco LLC
Gsi Naples 220 Basik Drive LLC
Lease
$224,000,000 · Pcred II Lending II LLC
Dec 21, 2022
—
Gsi Naples 220 Basik Drive LLC
—
Deed
related
$195,000,000 · Jpmorgan Chase Bank NA
Jan 28, 2021
—
Gsi Naples LLC
Heritage Property Holdings LLC
Quit Claim Deed
related
—
Jan 28, 2021
$8,150,000
Gsi Naples LLC
Heritage Property Holdings LLC
Grant Deed
—
Mar 25, 2015
$2,800,000
Heritage Property Holdings LLC
Sbt Naples LLC
Grant Deed
related
—
Jul 26, 2011
$1,001,000
Sbt Naples LLC
Naples Big Cypress Market Pl
Trustees Deed
related
—
Dec 31, 2008
—
Naples Big Cypress Market Plac
—
Deed Of Trust
related
$11,560,000 · Suburban Bank & Trust Co
Sep 8, 2008
—
Naples Big Cypress Market Plac
—
Deed Of Trust
related
$11,160,000 · Suburban Bank & Trust Co
May 9, 2008
—
Naples Big Cypress Market Plac
—
Deed Of Trust
related
$10,500,000 · Suburban Bank & Trust Co
Jun 1, 2007
$662,500
Naples Big Cypress Market Plac
Basik,larry
Grant Deed
—
Jun 1, 2007
—
Naples Big Cypress Marketplace
Basik,keith
Quit Claim Deed
related
$9,500,000 · Suburban Bank & Trust Co
Dec 18, 1998
$300,000
Ronald Webster Trustee
Westfield Financial Corp
Grant Deed
—
—
—
Heritage Property Holdings LLC
—
Deed Of Trust
related
$1,600,000 · Iberiabank
—
—
Naples Big Cypress Market Plac
—
Deed Of Trust
related
$1,000,000 · Suburban Bank & Trust Co
—
—
Naples Big Cypress Market Plac
—
Deed Of Trust
related
$660,000 · Suburban Bank & Trust Co
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.
Try Rey
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