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

    2647 Professional Cir Naples, FL 34119-8089

    • Office buildings
    • 24,370 SF
    • 2.92 lot acres
    OFF-MARKET
    Last Sale
    Jul 02, 2021
    $10,500,000
    Value Estimations
    $12,620,000
    Show details
    Cap Rate Potential
    4.2%
    Office buildings
    Location Intelligence
    Property ID
    US18-7200368
    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

    • Mason Classical Academy High School / High School / Charter School
    • Mason Classical Academy High School Campus / Charter School
    • Northbrooke East Owners Association / Association Or Organization
    • Pizzazz Interiors / Interior Designer

    Property Details for 2647 Professional Cir

    Year built
    2007
    Lot size
    2.92 lot acres
    Property size
    24,370 SF
    Property type
    Office buildings
    APN
    68567000048
    APU
    68567000048

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $12,635,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,920,000
      6.5%
      $8,235,000
      7%
      $7,645,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $16,672,000
      Market price range: $7.75M - $21.2M

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

    Location Insight

    • Map
    • Local Demand
    City
    Naples
    County
    Collier
    State
    Florida
    Longitude
    -81.7384
    Latitude
    26.2759
    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
    $0.00
    $0.00
    $0.00
    $9,881,494
    -
    $1,906,395
    $8,532,563
    $10,438,958

    Comparable in this City

    • Value Estimation
      $425,000
      8,562 SF

      4529 Executive Dr

      OFFICE BUILDING • 8,562 SF
      4529 Executive Dr, Naples, FL 34119-9032
      View Details
    • Value Estimation
      $290,000
      5,674 SF

      4521 Executive Dr

      OFFICE BUILDING • 5,674 SF
      4521 Executive Dr, Naples, FL 34119-9037
      View Details
    • Value Estimation
      $3,225,000
      4,460 SF

      8644 Addison Pl Dr

      OFFICE BUILDING • 4,460 SF
      8644 Addison Pl Dr, Naples, FL 34119-7832
      View Details
    • Value Estimation
      $1,265,000
      78,706 SF

      6101 Pne Rdg Rd

      OFFICE BUILDING • 78,706 SF
      6101 Pne Rdg Rd, Naples, FL 34119-3900
      View Details
    • Value Estimation
      $350,000
      3,069 SF

      2435 Tarpon Bay Blvd

      OFFICE BUILDING • 3,069 SF
      2435 Tarpon Bay Blvd, Naples, FL 34119-8762
      View Details
    • Value Estimation
      $165,000
      5,898 SF

      6790 Vanderbilt Bch Rd

      OFFICE BUILDING • 5,898 SF
      6790 Vanderbilt Bch Rd, Naples, FL 34119-1465
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,216 SF

      Collier Boulevard Property For Sale

      Corner property on Collier Blvd, formerly a school.
      14785 Collier Blvd, Naples, FL 34119
      View Details
    • $5,150,000

      Pine Ridge Rd & Logan Blvd S, Naples, FL 34119

      Farms
      337600 Naples Blvd, Naples, FL 34119
      View Details
    • $749,900

      Land Available For Sale

      Land available for sale at 4244 5th Ave NW.
      4244 5Th Ave NW, Naples, FL 34119
      View Details
    • $747,400
      2.50 Acres

      Naples Land: Estate Opportunity Awaits

      2.5-acre Naples property with approved permit, ready for development.
      4244 5Th Ave NW, Naples, FL 34119
      View Details
    • $1,500,000

      Prime Land in Naples, FL

      2.14 acres of land ideal for commercial development.
      4721 7Th Ave NW, Naples, FL 34119
      View Details
    • $750,000
      2.27 Acres

      Spacious Residential Lot in Naples

      2.27-acre residential lot in a quiet, convenient Naples location.
      1st 1St Ave NW, Naples, FL 34119
      View Details

    Similar Nearby for Lease

    • $900 /Mo
      1,000 SF

      Executive Suite in Quail Plaza

      Ground floor office suite available for rent in Naples, Florida.
      4500 Executive Dr, Naples, FL 34119
      View Details
    • $30 SF/Yr
      7,468 SF

      North Naples Office Building For Lease

      Single-tenant office, ample parking.
      2610 Northbrooke Plaza Dr, Naples, FL 34119
      View Details
    • $30 SF/Yr
      28,019 SF

      Prime Naples Office Building

      Modern Office Suites, High Traffic Area
      2590 Northbrooke Plaza Dr, Naples, FL 34119
      View Details
    • $30 SF/Yr
      1,815 SF

      Naples Retail Outparcel Opportunity

      High-traffic Publix outparcel, 1815 sqft.
      4060 Pine Ridge Rd, Naples, FL 34119
      View Details
    • Contact for pricing
      27,230 SF

      Tree Farm Retail Plaza: Immokalee Rd

      Brand new retail space available now.
      0 Immokalee Rd & Collier Blvd, Naples, FL 34119
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in High-Traffic Area

      Retail space available in a high-growth, affluent area.
      15265-15275 Collier Blvd, Naples, FL 34119
      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.
    2647 Professional Cir
    Naples, FL 34119-8089
    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.