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Property profile & analytics
FOR SALE
Retail space

382 9Th St S Naples, FL 34102

4,072 SF 0.29 ac lot Built 1978
Individually Owned Absentee Owner Free & Clear
Property ID
US18-5064337
Property summary
AI-generated overview

This exceptional investment opportunity presents a 4,075 square foot Sherwin-Williams convenience store located at 382 9th St S, Naples, FL 34102. The property sits on a 0.29-acre lot and includes 14 parking spaces. Currently operating under a triple-net lease (NNN), the store boasts a strong net operating income (NOI) of $85,132, yielding a 1.74% capitalization rate. The asking price is $4,900,000. Recent improvements include all-new showroom flooring, new bathroom tile, drywall repair up to two feet from the floor, and fresh paint throughout the building. The property is zoned for commercial use and presents significant potential for future commercial or residential development given its prime location in the highly desirable Naples market. Rent bumps are included in the lease agreement. This is a rare chance to acquire a well-maintained, income-producing asset in a thriving Florida market. The property's strong tenant and excellent location make it an attractive investment for discerning buyers. Don't miss this opportunity to secure a piece of Naples' vibrant commercial landscape.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1978
Total area 4,072 SF
Lot 0.29 ac (12,632 SF)
Zoning code NAPLES
APN 19012720000
UPID US18-5064337
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
  • Sherwin-Williams Paint Store (Bike/Boat/Book/etc) Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$765k
Comparable Approach Comparable
$1.25M
Blend (final) Blend
$1.03M
Owner & transaction history
JEFFREY R HARTMAN
JEFFREY R HARTMAN
Zoning & alternative use
NAPLES · Naples, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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