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Property profile & analytics
OFF-MARKET
Estimated value
$8,155,000
Distribution centers
3405 Radio Rd, Naples, FL 34104-3707
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5369545
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1999
Total area
50,940 SF
Lot
3.11 ac (135,472 SF)
Zoning code
I
APN
270680001
UPID
US18-5369545
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
-
Storage King USA Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.36M
CAP Approach
CAP
$6.81M
Comparable Approach
Comparable
$9.06M
Blend (final)
Blend
$8.16M
Owner & transaction history
Agap Naples LLC · 4 yrs held
Agap Naples LLC
since 2021
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
I · 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
$8,615,000
ML approach
$8,360,000
CAP Approach
CAP Return
Estimation
6%
$7,375,000
6.5%
$6,810,000
7%
$6,325,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,170,000
Current use
Blend value · Realmo final
$8.16M
Range $7.34M – $8.97M · ±10% · vs last sale $5.50M (Oct 21 2021)
Last sale anchor
$5.50M
Oct 21 2021
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
$160 / 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
$52,442
Tax year 2023
Assessed value
$5,035,600
Assessed 2023
Previous assessed
$4,381,469
+14.9% YoY
Effective rate
1.04%
On assessed value
Assessed land
$2,719,801
Assessed improvement
$2,315,799
Land market value
$2,719,801
Improvement market value
$2,315,799
Total market value
$5,035,600
Applied tax rate
272.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1999
Heating
NONE
Stories
1
Total area
50,940 SF
Lot
3.11 ac (135,472 SF)
Zoning code
I
APN
270680001
UPID
US18-5369545
Jurisdiction
COLLIER
Zoning & alternative use
I · Naples, FL
Zoning I · permitted uses
I · 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
WAREHOUSE, STORAGE Current
Est. value
$12.2M
WAREHOUSE, STORAGE Current
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
1999
Heating
NONE
Stories
1
Lot
3.11 ac
Current owner
From public records · entity-resolved
Agap Naples LLC
Entity
Free & Clear · 4 yrs held
Mailing address
150 E 52ND ST, NEW YORK, NY 10022-6017
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2026
—
680 T Trail North LLC
—
Deed
related
$1,500,000 · 680 Tamiami Trail N LLC
Jan 7, 2026
—
Agap Naples LLC
—
Deed
related
$5,580,000 · Wells Fargo Bank NA
Nov 3, 2022
—
Agap Naples LLC
—
Deed
related
$4,731,796 · Goldman Sachs Bank USA
Oct 21, 2021
$5,500,000
Agap Naples LLC
Maxi Self Storage INC
Special Warranty Deed
—
Sep 27, 2012
—
Maxi Self Storage INC
Maxi Storage INC
Quit Claim Deed
$1,650,000 · First National Bank
Aug 27, 1998
$700,000
Maxi Storage INC
Osterink,leonard J
Grant Deed
$469,000 · Osterink Trust
—
—
Maxi Storage INC
—
Deed Of Trust
related
$220,000 · First National Bank Naples
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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