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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2950 Tamiami N Trl Naples, FL 34103-4420

    • Retail space
    • 19,596 SF
    • 2.57 lot acres
    OFF-MARKET
    Last Sale
    Mar 05, 2022
    $6,380,000
    Value Estimations
    $6,830,000
    Show details
    Cap Rate Potential
    3.5%
    Retail space
    Location Intelligence
    Property ID
    US18-3690359
    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

    • Welsh Companies FL Inc / Commercial Real Estate Agency / Property Management Company
    • dr. flanagan aesthetics / Medical Spa
    • Skin and Vein Wellness Center / Doctor
    • Meghan K Deloney Cosmetologist / Barber Shop
    • Glenn Flanagan, MD / Pain Management Physician

    Property Details for 2950 Tamiami N Trl

    Year built
    1986
    Lot size
    2.57 lot acres
    Property size
    19,596 SF
    Zone code
    NAPLES
    Property type
    Retail space
    APN
    13800040008
    APU
    13800040008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,830,000
      ML approach
      $7,425,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $10,915,000
      Current use
      OFFICE BUILDING
      $11,020,000
      Change: +1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Naples
    County
    Collier
    State
    Florida
    Longitude
    -81.7989
    Latitude
    26.1812
    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
    $57,379
    $4,693,793
    $1,506,861
    $6,200,654
    -
    $4,693,793
    $1,506,861
    $6,200,654

    Comparable in this City

    • Value Estimation
      $320,000
      6,710 SF

      5201 Tamiami N Trl

      RETAIL STORES (PERSONAL SERVICES) • 6,710 SF
      5201 Tamiami N Trl, Naples, FL 34103-2839
      View Details
    • Value Estimation by Request
      19,586 SF

      3301 Tamiami N Trl

      RETAIL STORES (PERSONAL SERVICES) • 19,586 SF
      3301 Tamiami N Trl, Naples, FL 34103-3712
      View Details
    • Value Estimation
      $280,000
      5,744 SF

      5187 Tamiami N Trl

      RETAIL STORES (PERSONAL SERVICES) • 5,744 SF
      5187 Tamiami N Trl, Naples, FL 34103-2840
      View Details
    • Value Estimation
      $275,000
      2,476 SF

      963 Trl Ter Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,476 SF
      963 Trl Ter Dr, Naples, FL 34103-2329
      View Details
    • Value Estimation by Request
      8,864 SF

      3078 Tamiami N Trl

      RETAIL STORES (PERSONAL SERVICES) • 8,864 SF
      3078 Tamiami N Trl, Naples, FL 34103-2767
      View Details
    • Value Estimation by Request
      6,640 SF

      3750 Tamiami N Trl

      RETAIL STORES (PERSONAL SERVICES) • 6,640 SF
      3750 Tamiami N Trl, Naples, FL 34103-3707
      View Details

    Similar Nearby for Sale

    • $6,200,000

      Tamiami Trail Commercial Building For Sale

      Commercial building with high visibility and income potential.
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      Retail and Service Property Naples

      27,372 SF retail and service property in Naples, Florida.
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      0.01 Acres

      Naples Commercial Space - Tamiami Trail

      1,428 RSF, Ready February 1st, 2025
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    Similar Nearby for Lease

    • $18 SF/Yr
      7,990 SF

      Retail Space in Prime Location

      Ready-to-occupy retail space at a signalized intersection.
      4130-4188 Tamiami Trl N, Naples, FL 34103
      View Details
    • Contact for pricing
      3,404 SF

      Retail Space on Tamiami Trail

      Retail space available for lease in Naples, Florida.
      4901 Tamiami Trl E, Naples, FL 34103
      View Details
    • $32 SF/Yr
      5,269 SF

      Retail Space on Gulf Shore

      Retail space available for lease on Gulf Shore Boulevard.
      4200-4206 Gulf Shore Blvd N, Naples, FL 34103
      View Details
    • $25 SF/Yr
      1,100 SF

      Retail Space Available For Rent

      Retail space available for lease in Naples, Florida.
      3333 Tamiami Trl N, Naples, FL 34103
      View Details
    • $35 SF/Yr
      1,210 SF

      Retail Space For Rent

      Retail space available for lease in Naples, Florida.
      5187 Tamiami Trl N, Naples, FL 34103
      View Details
    • Contact for pricing
      18,676 SF

      Retail Space in Naples, Florida

      Retail space with high visibility and strong national retailers.
      4111-4395 Tamiami Trl N, Naples, FL 34103
      View Details
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    Naples, FL 34103-4420
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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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