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    2900 Horseshoe Dr S Naples, FL 34104
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    Property profile & analytics

    2900 Horseshoe Dr S Naples, FL 34104

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    • Manufacturing properties
    • 35,472 SF
    • 4.74 lot acres
    For Lease
    $21 SF/Yr
    View Listing →
    Flex Space with High Ceilings For Lease
    $21 SF/Yr
    4,710 SF

    Flex Space with High Ceilings

    Flex space featuring high ceilings and multiple entrances for lease.

    2900 Horseshoe Dr S, Naples, FL
    View Listing
    Property ID
    US18-4625660
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • M. Shoaff Technologies / Telecommunications Service / General Contractor
    • Johnson Controls Inc / Construction Company / General Contractor
    • Collier Park of Commerce / Park
    • Guldshore Playhouse Office Annex / Corporate Office
    • Daltile Sales Service Center / General Contractor / Renovation Specialist

    Property Details for 2900 Horseshoe Dr S

    Year built
    1983
    Lot size
    4.74 lot acres
    Property size
    35,472 SF
    Property type
    Manufacturing properties
    APN
    7040002702
    APU
    7040002702

    Description

    This exceptional industrial property, Collier Park of Commerce, presents a rare opportunity in the thriving Naples, Florida market. Located at 2900 Horseshoe Dr S, 34104, this Class B property boasts a total of 33,150 square feet across a single building situated on a generous 5.52-acre lot. Built in 1983, the property is zoned BP - Business Park District (Collier County) and offers convenient access and high visibility. The property features ample parking with 110 spaces available for tenants and their clients. Currently, two flexible spaces are available, ranging from 7,434 to 10,120 square feet, ideal for a variety of industrial and flex uses. Its strategic location adjacent to the Naples Airport provides unparalleled accessibility and connectivity. The property benefits from a central location and numerous amenities in the immediate vicinity, making it an attractive option for businesses seeking a prime location in Naples. This is a multi-tenant property offering a blend of warehouse and flex space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,284,000
      Market price range: $8.74M - $19.4M
      AI Estimate
      $8,247,000
      Market price range: $2.63M - $13.4M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $12,935,000
      Current use
      COMMERCIAL (GENERAL)
      $14,695,000
      Change: +14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Naples
    County
    Collier
    State
    Florida
    Longitude
    -81.7707
    Latitude
    26.161
    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
    $64,868
    $0.00
    $0.00
    $6,430,629
    -
    $4,380,040
    $3,299,696
    $7,679,736

    Comparable in this City

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      $8,410,000
      47,006 SF

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      View Details
    • Value Estimation
      $1,020,000
      2,208 SF

      3706 Mercantile Ave

      MANUFACTURING (LIGHT) • 2,208 SF
      3706 Mercantile Ave, Naples, FL 34104-3355
      View Details
    • Value Estimation
      $8,685,000
      22,600 SF

      3325 Westview Dr

      FACTORY (MANUFACTURING) • 22,600 SF
      3325 Westview Dr, Naples, FL 34104-4040
      View Details
    • Value Estimation by Request
      1,180 SF

      3800 Prospect Ave

      FACTORY (MANUFACTURING) • 1,180 SF
      3800 Prospect Ave, Naples, FL 34104-3714
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    • Value Estimation
      $1,965,000
      10,568 SF

      4361 Corporate Sq

      FACTORY (MANUFACTURING) • 10,568 SF
      4361 Corporate Sq, Naples, FL 34104-4754
      View Details
    • Value Estimation
      $2,040,000
      10,200 SF

      4460 Corporate Sq

      FACTORY (MANUFACTURING) • 10,200 SF
      4460 Corporate Sq, Naples, FL 34104
      View Details

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      Naples Commercial Building For Lease

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      Collier Park of Commerce Space

      Located near Naples Airport with central location and high visibility.
      2975 Horseshoe Dr S, Naples, FL 34104
      View Details
    View Listing
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    Naples, FL 34104
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    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
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