Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3506 Prospect Ave Naples, FL 34104-3722

    • Investment properties
    • 1,160 SF
    • 1.29 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3323328
    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

    • Heritage Propane Inc / Propane Supplier
    • AmeriGas Propane / Propane Supplier / Service Establishment

    Property Details for 3506 Prospect Ave

    Year built
    1970
    Lot size
    1.29 lot acres
    Property size
    1,160 SF
    Zone code
    C-5
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    271560007
    APU
    271560007

    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
    -81.7651
    Latitude
    26.1563
    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
    $7,498
    $673,444
    $46,499
    $719,943
    -
    $673,444
    $46,499
    $719,943

    Comparable in this City

    • Value Estimation
      $1,300,000
      6,000 SF

      4327 Mercantile Ave

      STORE/OFFICE (MIXED USE) • 6,000 SF
      4327 Mercantile Ave, Naples, FL 34104-3357
      View Details
    • Value Estimation
      $2,600,000
      12,000 SF

      3763 Enterprise Ave

      STORE/OFFICE (MIXED USE) • 12,000 SF
      3763 Enterprise Ave, Naples, FL 34104-3607
      View Details
    • Value Estimation
      $1,925,000
      8,625 SF

      171 Commercial Blvd

      STORE/OFFICE (MIXED USE) • 8,625 SF
      171 Commercial Blvd, Naples, FL 34104-4764
      View Details
    • Value Estimation
      $1,900,000
      8,764 SF

      4027 Arnold Ave

      STORE/OFFICE (MIXED USE) • 8,764 SF
      4027 Arnold Ave, Naples, FL 34104-3335
      View Details
    • Value Estimation
      $2,535,000
      9,250 SF

      1470 Don St

      STORE/OFFICE (MIXED USE) • 9,250 SF
      1470 Don St, Naples, FL 34104-3375
      View Details
    • Value Estimation by Request
      0.88 Acres

      Naples, FL 34104

      STORE/OFFICE (MIXED USE) • 0.88 Acres
      Naples, FL 34104
      View Details

    Similar Nearby for Sale

    • $7,950,000
      Pending

      Prime Lot Near Naples Beach

      Prime lot near the beach, perfect for building your dream home.
      80 6Th Ave N, Naples, FL 34104
      View Details
    • Contact for pricing

      Industrial Building in Production Park

      6685 SF industrial building with office and warehouse space.
      351 Production Blvd, Naples, FL 34104
      View Details
    • $279,900

      Remodeled Home in 55+ Community

      Completely remodeled 2/2 in Naples 55+ community with amenities.
      89 Pacific Way, Naples, FL 34104
      View Details
    • $3,900,000
      10,080 SF

      Davis Village Retail Center

      Downtown Naples Shopping Center, High ROI
      2770 Davis Blvd, Naples, FL 34104
      View Details
    • Contact for pricing

      Commercial Warehouse End-Unit For Sale

      1,543 sq ft commercial warehouse with office and storage.
      4750 Enterprise Ave, Naples, FL 34104
      View Details
    • $535,900

      Radio Road Warehouse Condominium

      1,173 sqft warehouse condominium for storage or business use.
      4776 Radio Rd, Naples, FL 34104
      View Details

    Similar Nearby for Lease

    • $216 SF/Yr
      1,652 SF

      Naples Airport Warehouse Space

      1652 SF Warehouse, $18/SF NNN
      3573 Enterprise Ave, Naples, FL 34104
      View Details
    • $23 SF/Yr
      6,750 SF

      Naples Industrial Flex Space

      Three flex spaces for lease in Naples, FL.
      3884 Progress Ave, Naples, FL 34104
      View Details
    • Contact for pricing
      36,453 SF

      Naples Industrial Park Warehouse Space

      Industrial property in Naples Industrial Park with convenient transportation access.
      4206 Mercantile Ave, Naples, FL 34104
      View Details
    • Contact for pricing
      1,500 SF

      Air Conditioned Warehouse Space

      Air-conditioned warehouse with 15' clearance, suitable for storage.
      2960 Horseshoe Dr S, Naples, FL 34104
      View Details
    • Contact for pricing
      3,100 SF

      Medical Office Space For Rent

      Neighborhood medical park office space ready for immediate build-out.
      6400 Davis Blvd, Naples, FL 34104
      View Details
    • Contact for pricing
      3,348 SF

      Prime Commercial Land, Davis Blvd

      High-traffic corner lot, former bank branch.
      7379 Davis Blvd, Naples, FL 34104
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3506 Prospect Ave
    Naples, FL 34104-3722
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.