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Property profile & analytics
OFF-MARKET
Estimated value
$7,570,000
Automotive properties
3384 Progress Ave Naples, FL 34104-3642
Trust Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4957722
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1971
Total area
19,900 SF
Lot
1.92 ac (83,635 SF)
Zoning code
C-5
APN
273920001
UPID
US18-4957722
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
-
CRAFT SPORTS, INC. Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.48M
Blend (final)
Blend
$7.57M
Owner & transaction history
Airport Progress Trust LLC · 4 yrs held
Airport Progress Trust LLC
since 2022
Last sale
$6.8M
5 recorded transactions
Zoning & alternative use
C-5 · Naples, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.0M
+71.2%
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
$7,475,000
ML approach
$7,765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,990,000
Change: +71% · Conversion: Moderate
Blend value · Realmo final
$7.57M
Range $6.81M – $8.33M · ±10% · vs last sale $6.82M (Apr 12 2022)
Last sale anchor
$6.82M
Apr 12 2022
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
$380 / 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
$57,325
Tax year 2023
Assessed value
$5,504,484
Assessed 2023
Previous assessed
$2,801,330
+96.5% YoY
Effective rate
1.04%
On assessed value
Assessed land
$3,184,248
Assessed improvement
$2,320,236
Land market value
$3,184,248
Improvement market value
$2,320,236
Total market value
$5,504,484
Applied tax rate
153.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1971
Heating
NONE
Stories
1
Total area
19,900 SF
Lot
1.92 ac (83,635 SF)
Zoning code
C-5
APN
273920001
UPID
US18-4957722
Jurisdiction
COLLIER
Zoning & alternative use
C-5 · Naples, FL
Zoning C-5 · permitted uses
C-5 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$7.0M
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Heating
NONE
Stories
1
Lot
1.92 ac
Current owner
From public records · entity-resolved
Airport Progress Trust LLC
Trust
Mailing address
1100 COMMERCIAL BLVD STE #118, NAPLES, FL 34104-7097
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2022
$6,821,136
Airport Progress Trust LLC
Lighthouse Group Realty LLC
Special Warranty Deed
$4,092,068 · Waterfall Bank
Dec 24, 2019
$3,180,000
Lighthouse Group Realty LLC
Anixter INC
Special Warranty Deed
$2,100,000 · First Horizon Bank
Jul 15, 2015
$1,600,000
Hd Supply Power Solutions Ltd
Hd Supply Holdings LLC
Quit Claim Deed
related
—
Sep 26, 2011
—
Hd Supply Holdings LLC
Hd Supply Plumbing Of Hvac Ltd
Quit Claim Deed
—
Jun 14, 2005
—
Hughes Plumbing Supply Ltd
Hughes Supply INC
Quit Claim Deed
—
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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