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Property profile & analytics
OFF-MARKET
Estimated value
$4,195,000
Office buildings
271 Broad S Ave Naples, FL 34102-7038
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3383653
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Total area
8,588 SF
Lot
0.34 ac (14,810 SF)
Zoning code
NAPLES
APN
14013280007
UPID
US18-3383653
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
-
Mansfield Capital Corporation Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.43M
CAP Approach
CAP
$2.90M
Comparable Approach
Comparable
$2.59M
Blend (final)
Blend
$4.20M
Owner & transaction history
Neco 271 Broad Avenue South LLC · 2 yrs held
Neco 271 Broad Avenue South LLC
since 2023
Last sale
$5.5M
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
$4,310,000
ML approach
$4,430,000
CAP Approach
CAP Return
Estimation
6%
$3,145,000
6.5%
$2,900,000
7%
$2,695,000
Blend value · Realmo final
$4.20M
Range $3.78M – $4.61M · ±10% · vs last sale $5.46M (Oct 24 2023)
Last sale anchor
$5.46M
Oct 24 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
$488 / 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
$42,756
Tax year 2023
Assessed value
$4,620,458
Assessed 2023
Previous assessed
$5,183,700
-10.9% YoY
Effective rate
0.93%
On assessed value
Assessed land
$3,543,750
Assessed improvement
$1,076,708
Land market value
$3,543,750
Improvement market value
$1,076,708
Total market value
$4,620,458
Applied tax rate
4.0000
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
Off-Market
Year built
1975
Heating
NONE
Stories
2
Units
1
Total area
8,588 SF
Lot
0.34 ac (14,810 SF)
Zoning code
NAPLES
APN
14013280007
UPID
US18-3383653
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.
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Stories
2
Units
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Neco 271 Broad Avenue South LLC
Entity
Mailing address
625 E MAIN ST, ASPEN, CO 81611-2153
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2023
—
Neco 401 5th Avenue South LLC
—
Deed
related
$153,500,000 · American General Life Insurance Co
Oct 24, 2023
$5,462,000
Neco 271 Broad Avenue South LLC
271 Broad Avenue LLC
Special Warranty Deed
$153,500,000 · American General Life Insurance Co
Oct 24, 2023
$7,268,000
Neco 900 5th Avenue South LLC
900 Fifth Avenue South Holdings LLC
Special Warranty Deed
$153,500,000 · American General Life Insurance Co
Oct 24, 2023
—
Neco 271 Broad Avenue South LLC
—
Deed
related
$153,500,000 · American General Life Insurance Co
Nov 26, 2019
—
271 Broad Avenue LLC
—
Deed
related
$5,304,000 · Stephen H Farrington
Jun 22, 2018
—
271 Broad Avenue LLC
—
Deed
related
$5,304,000 · Stephen H Farrington
Nov 1, 2017
$6,630,000
271 Broad Avenue LLC
Farrington,stephen H
Grant Deed
$5,304,000 · Stephen H Farrington
—
—
271 Broad Avenue LLC
—
Loan Modification
related
$5,304,000 · Stephen H Farrington
—
—
Stephen H Farrington
—
Deed Of Trust
related
$850,000 · Northern Trust Bank Of Florida
—
—
271 Broad Avenue LLC
—
Loan Modification
related
$5,304,000 · Stephen H Farrington
—
—
Stephen H Farrington
—
Deed Of Trust
related
$850,000 · Northern 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.
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