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    Property profile & analytics

    3033 Riviera Dr Naples, FL 34103-2752

    • Office buildings
    • 11,396 SF
    • 1.33 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2997013
    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

    • Budd & Macia / Apartment Building
    • Licht & Andrews, LLC / Accounting Firm
    • Beasley Mezzanine Holdings Llc / Radio Broadcaster
    • Lile Laird A / Attorney
    • Holly Chernoff, P.A. / Real Estate Attorney / Title Company

    Property Details for 3033 Riviera Dr

    Year built
    1989
    Lot size
    1.33 lot acres
    Property size
    11,396 SF
    Zone code
    NAPLES
    Property type
    Office buildings
    APN
    12980600000
    APU
    12980600000

    Description

    The Beasley Building offers 720 square feet of immediately available executive office space. This multi-tenant building presents a fantastic opportunity for a business seeking a professional and efficient workspace. The entire 720 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their exact needs. The property is classified as an executive office suite, suggesting a higher level of finish and amenities than standard office space. While the initial listing mentioned 950 square feet, the accurate total building square footage is 720 square feet, representing the entirety of the available space. This presents a unique opportunity for a single tenant to occupy the entire building, offering complete control and privacy. The building's address is not currently available, but interested parties are encouraged to inquire for further details. Given the size and executive classification, this property is ideal for a small business, professional services firm, or individual requiring a prestigious and functional office environment. The space is ready for immediate occupancy, allowing for a swift and seamless transition for the new tenant. Further information regarding lease terms and conditions is available upon request. Don't miss this chance to secure this prime executive office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Naples
    County
    Collier
    State
    Florida
    Longitude
    -81.8008
    Latitude
    26.1829
    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
    $36,420
    $0.00
    $0.00
    $3,655,177
    -
    $1,157,639
    $3,102,361
    $4,260,000

    Comparable in this City

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      4530 Tamiami N Trl

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      1048 Castello Dr

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      971 Michigan Ave

      OFFICE BUILDING • 4,379 SF
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    • Value Estimation
      $8,030,000
      4,184 SF

      3650 Tamiami N Trl

      OFFICE BUILDING • 4,184 SF
      3650 Tamiami N Trl, Naples, FL 34103-3720
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Tamiami Trail Commercial Building For Sale

      Commercial building with high visibility and income potential.
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    • New
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      1,428 SF

      Office Space in Naples, FL

      1,428 RSF office space available February 1, 2025.
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    • $1,825,000
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      Naples Office Space For Sale

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      Naples Specialty Property for Sale

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      Gulf Shore Boulevard Apartment Building

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    Similar Nearby for Lease

    • $32 SF/Yr
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      Newgate Center Executive Suites

      Prime Office Space, Multiple Sizes Available
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      Naples Office Space For Rent

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    • $14 SF/Yr
      24 SF

      Midtown Naples Flex Space Available

      Office, retail, and flex space in Midtown Naples for rent.
      3066 Tamiami Trl North | Naples, Naples, FL 34103
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    • $24 SF/Yr
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      Downtown Naples Office Suites Available

      Office and medical suites for lease in downtown Naples.
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    • Contact for pricing
      2,880 SF

      Prime Naples Executive Office Space

      Class A Office, Bank Drive-Thru Access
      3838 Tamiami Trl, Naples, FL 34103
      View Details
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    Naples, FL 34103-2752
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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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