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Property profile & analytics
FOR SALE
Outlet malls
2231 Linwood Ave Naples, FL 34112
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-2206835
For Sale
$3,500,000
2231 Linwood Ave, Naples, FL 34112
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1973
Total area
10,570 SF
Lot
0.82 ac (35,719 SF)
Zoning code
C-5
APN
61581160000
UPID
US18-2206835
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
-
MedEcho Products (Bike/Boat/Book/etc) Store Pharmacy
-
MedEcho Products / CBD Derived for Healthcare (Bike/Boat/Book/etc) Store Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.07M
CAP Approach
CAP
$1.98M
Comparable Approach
Comparable
$2.26M
Blend (final)
Blend
$1.98M
Owner & transaction history
Jessen Properties LLC · 5 yrs held
Jessen Properties LLC
since 2020
Last sale
$1.8M
5 recorded transactions
Zoning & alternative use
C-5 · 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
$2,035,000
ML approach
$2,065,000
CAP Approach
CAP Return
Estimation
6%
$2,145,000
6.5%
$1,980,000
7%
$1,840,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,250,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.98M
Range $1.78M – $2.17M · ±10% · vs last sale $1.75M (Oct 12 2020)
Last sale anchor
$1.75M
Oct 12 2020
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
$187 / 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
$14,726
Tax year 2023
Assessed value
$1,428,064
Assessed 2023
Previous assessed
$1,478,018
-3.4% YoY
Effective rate
1.03%
On assessed value
Assessed land
$1,067,952
Assessed improvement
$360,112
Land market value
$1,067,952
Improvement market value
$360,112
Total market value
$1,428,064
Applied tax rate
112.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Sale
Year built
1973
Heating
NONE
Stories
1
Total area
10,570 SF
Lot
0.82 ac (35,719 SF)
Zoning code
C-5
APN
61581160000
UPID
US18-2206835
Jurisdiction
COLLIER
Zoning & alternative use
C-5 · Naples, FL
Zoning C-5 · permitted uses
C-5 · 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
INDUSTRIAL (GENERAL)
Est. value
$3.3M
INDUSTRIAL (GENERAL)
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
1973
Heating
NONE
Stories
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Jessen Properties LLC
Entity
Mailing address
16269 CAMDEN LKS CIR, NAPLES, FL 34110-2882
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2020
$1,750,000
Jessen Properties LLC
Linwood Holdings LLC
Warranty Deed
$1,312,500 · First Horizon Bank
Jun 5, 2017
$1,150,000
Linwood Holdings LLC
Fhl Technologies LLC
Warranty Deed
$805,000 · Charlotte St Bk&tr
Dec 27, 2013
$1,050,000
Fhl Technologies LLC
Linwood Holdings LLC
Warranty Deed
$850,000 · Branch Banking And Trust Co
Oct 13, 2009
$650,000
Linwood Holdings LLC
Salley,holland T
Grant Deed
—
—
—
Holland T Salley
—
Deed Of Trust
related
$692,000 · Fifth Third Bank
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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