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Property profile & analytics
OFF-MARKET
Estimated value
$8,470,000
Office buildings
375 5th S Ave Naples, FL 34102-6549
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4241113
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
8,675 SF
Lot
0.34 ac (14,810 SF)
Zoning code
NAPLES
APN
14020920004
UPID
US18-4241113
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
-
Lfe Capital Business Management Consultant
-
TD Bank Bank Loan Service
-
TD Bank ATM Atm
-
Resolutions Title Inc. Title Company
-
Francisco Avalle Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.47M
Owner & transaction history
Neco 375 5th Avenue South LLC · 2 yrs held
Neco 375 5th Avenue South LLC
since 2023
Last sale
$9.9M
7 recorded transactions
Zoning & alternative use
NAPLES · 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
$7,780,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,660,000
Current use
Blend value · Realmo final
$8.47M
Range $7.62M – $9.32M · ±10% · vs last sale $9.86M (Oct 23 2023)
Last sale anchor
$9.86M
Oct 23 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
$976 / 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
$109,429
Tax year 2023
Assessed value
$8,069,059
Assessed 2023
Previous assessed
$7,779,368
+3.7% YoY
Effective rate
1.36%
On assessed value
Land market value
$7,123,569
Improvement market value
$5,566,340
Total market value
$12,689,909
Applied tax rate
259.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Heating
NONE
Stories
3
Units
1
Total area
8,675 SF
Lot
0.34 ac (14,810 SF)
Zoning code
NAPLES
APN
14020920004
UPID
US18-4241113
Jurisdiction
COLLIER
Zoning & alternative use
NAPLES · Naples, FL
Zoning NAPLES · permitted uses
NAPLES · 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
OFFICE BUILDING Current
Est. value
$10.7M
OFFICE BUILDING 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
3
Units
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Neco 375 5th Avenue South LLC
Entity
Mailing address
625 E MAIN ST, ASPEN, CO 81611-2153
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2023
$9,863,000
Neco 375 5th Avenue South LLC
375 Fifth Avenue South Holdings LLC
Special Warranty Deed
$153,500,000 · American General Life Insurance Co
Jun 9, 2017
—
305 Fifth Avenue South Holding
—
Loan Modification
related
$24,434,063 · Bank Of America
Oct 9, 2015
$10,071,977
375 Fifth Avenue South Holding
Naples Fifth Avenue 375 LLC
Grant Deed
—
Jun 18, 2015
$850,000
Hans Middelberg
Naples Fifth Avenue 375 LLC
Grant Deed
—
May 12, 2015
$870,000
Robert B Moore
Naples Fifth Avenue 375 LLC
Grant Deed
—
Jan 31, 2014
—
Naples Fifth Avenue 375 LLC
Naples Fifth Avenue La Trust
Quit Claim Deed
—
Dec 31, 2013
$8,800,000
Naples Fifth Avenue Land Trust
Granite Naples 375 LLC
Grant Deed
—
Jul 5, 2007
$12,780,096
Granite Naples 375 LLC
Fifth Of Fourth Development Corp
Grant Deed
—
May 18, 2006
—
Fifth Of Fourth Dev Corp
—
Grant Deed
related
$6,952,800 · Investec Bank
May 19, 1998
$470,000
Fifth/fourth Dev Corp
Hel-mar Corp
Grant Deed
—
—
—
Naples Fifth Avenue 305 LLC|naples Fifth Avenue 36
—
Loan Modification
related
$56,000,000 · Pfp Holding Co IV LLC
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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