New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,830,000
Distribution centers
3700 Mercantile Ave, Naples, FL 34104-3355
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4665790
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1994
Total area
6,900 SF
Lot
1.1 ac (47,916 SF)
Zoning code
I
APN
275360009
UPID
US18-4665790
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
-
Belle Arte Galleria Art Gallery
-
Kci Architectural Elements Inc General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.01M
Blend (final)
Blend
$1.83M
Owner & transaction history
Classiche LLC · 3 yrs held
Classiche LLC
since 2023
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
I · Naples, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.9M
+73.4%
Industrial (general)
$2.5M
+52.6%
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
$1,840,000
ML approach
$1,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,650,000
Current use
COMMERCIAL (GENERAL)
$2,860,000
Change: +73% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,515,000
Change: +53% · Conversion: Easy
Blend value · Realmo final
$1.83M
Range $1.65M – $2.01M · ±10% · vs last sale $1.82M (Feb 13 2023)
Last sale anchor
$1.82M
Feb 13 2023
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
$265 / 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
$14,357
Tax year 2023
Assessed value
$1,378,580
Assessed 2023
Previous assessed
$1,356,775
+1.6% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,098,075
Assessed improvement
$280,505
Land market value
$1,098,075
Improvement market value
$280,505
Total market value
$1,378,580
Applied tax rate
140.0000
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
1994
Heating
NONE
Stories
1
Total area
6,900 SF
Lot
1.1 ac (47,916 SF)
Zoning code
I
APN
275360009
UPID
US18-4665790
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
$1.7M
COMMERCIAL (GENERAL)
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
INDUSTRIAL (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
1994
Heating
NONE
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Classiche LLC
Entity
Mailing address
1000 ADMIRALTY PARADE E, NAPLES, FL 34102-7855
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2023
—
Classiche LLC
Classiche LLC
Intrafamily Transfer
related
—
Jul 2, 2021
$1,816,667
Classiche LLC
Ki 3700 LLC
Warranty Deed
—
Mar 13, 2019
—
Ki 3700 LLC
—
Deed
related
$100,000 · First Florida Integrity Bank
Oct 27, 2016
—
Ki 3700 LLC
Kci Architectural Elements INC
Quit Claim Deed
related
—
Sep 1, 2016
$1,050,000
Kci Architectural Elements INC
3700 Mer LLC
Grant Deed
—
Aug 31, 2016
$1,050,000
Kci Architectural Elements INC
3700 Mer LLC
Warranty Deed
—
Feb 1, 2012
$432,400
3700 Mer LLC
Special Acquisitions Holdings
Grant Deed
—
Dec 20, 2011
—
Acquisitions Holdings Special
Polisena Ent INC Coc
Trustees Deed
related
—
Aug 22, 2008
—
Polisena Ent INC
—
Trustees Deed
related
$50,000 · Partners Bank
—
—
Polisena Enterprises INC
—
Deed Of Trust
related
$1,952,000 · Tib Bank Of The Keys
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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