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Property profile & analytics
OFF-MARKET
Estimated value
$20,030,000
Parking lots & garages
221 9th S St 119 Naples, FL 34102-6258
Trust Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6029732
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
2004
Total area
6,370 SF
Lot
0.58 ac (25,265 SF)
Zoning code
NAPLES
APN
19014820005
UPID
US18-6029732
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
-
Hammer Forge Gunworks LLC Gun Shop Engraver
-
Bellasera Hotel Hotel & Motel
-
The London Club Restaurant
-
The Claw Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.03M
Owner & transaction history
Novitzki,caroline H Trust · 7 yrs held
Novitzki,caroline H Trust
since 2018
7 recorded transactions
Zoning & alternative use
NAPLES · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$14,630,000
Current use
Blend value · Realmo final
$20.03M
Range $18.03M – $22.03M · ±10%
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
$3,144 / 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
$27,010
Tax year 2023
Assessed value
$2,679,537
Assessed 2023
Previous assessed
$2,435,943
+10.0% YoY
Effective rate
1.01%
On assessed value
Land market value
$3,166,576
Improvement market value
$28,798
Total market value
$3,195,374
Applied tax rate
282.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
2004
Heating
NONE
Stories
1
Total area
6,370 SF
Lot
0.58 ac (25,265 SF)
Zoning code
NAPLES
APN
19014820005
UPID
US18-6029732
Jurisdiction
COLLIER
Zoning & alternative use
NAPLES · Naples, FL
Zoning NAPLES · permitted uses
NAPLES · 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
PARKING LOT Current
Est. value
$14.6M
PARKING LOT Current
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
2004
Heating
NONE
Stories
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Novitzki,caroline H Trust
Trust
Free & Clear · 7 yrs held
Mailing address
799 WALKERBILT RD, NAPLES, FL 34110-1519
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2018
$100
Novitzki,caroline H Trust
Novitzki,mark & Caroline H
Warranty Deed
related
—
Aug 18, 2017
$1,150,000
London Club Properties LLC
Bellasera LLC
Warranty Deed
—
Jul 22, 2004
$650,000
Investment Brokers Of Southwest F
Bellasera LLC
Warranty Deed
—
Mar 31, 2004
—
Vecci Raymond J Trust
Vecci,raymond J
Quit Claim Deed
related
—
Feb 25, 2004
$475,000
Florida Prop Co Of Sw Florida INC
Bellasera LLC
Warranty Deed
—
Jan 16, 2004
—
Mk Investments LLC
Movizzo,frank
Quit Claim Deed
related
—
Jan 13, 2004
$396,000
William R Sieben
Bellasera LLC
Warranty Deed
$297,000 · Lehman Brothers Bank Fsb
Nov 26, 2003
$274,500
Ronald J Otto
Bellasera LLC
Grant Deed
$219,600 · First National Bank Florida
Nov 25, 2003
$396,000
Ronald J Otto
Bellasera LLC
Grant Deed
$316,800 · First National Bank Florida
Nov 24, 2003
$475,000
William J Burwinkel
Bellasera Corp
Grant Deed
$380,000 · First National Bank Florida
Nov 24, 2003
$396,000
Kevin D Horner
Bellasera Corp
Grant Deed
—
Nov 24, 2003
$274,500
Paul J Niebur
Bellasera Corp
Grant Deed
—
Nov 21, 2003
$396,000
Robert J Van Hoef
Bellasera Corp
Grant Deed
$137,000 · Bank Of Naples
Nov 21, 2003
$504,000
Samuel H Hertogs
Bellasera Corp
Grant Deed
$403,200 · Nwa FCU
Nov 21, 2003
$315,000
Randall Harris
Bellasera Corp
Grant Deed
$252,000 · Suntrust Mortgage INC
Nov 21, 2003
$157,500
Stephen Brandauer
Bellasera Corp
Grant Deed
$91,800 · Lehman Brothers Bank Fsb
Nov 21, 2003
$443,300
Dale E Swedberg
Bellasera Corp
Grant Deed
—
Nov 21, 2003
$535,500
Robert P O'gorman
Bellasera Corp
Grant Deed
—
Jul 17, 2002
$6,500,000
Bellasera LLC
Olde Naples Land Partners
Grant Deed
—
—
—
Florida Prop Co Of Sw Florida INC
—
Deed Of Trust
related
$300,000 · First National Bank Florida
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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