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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Distribution centers
3984 Progress Ave Naples, FL 34104-3651
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US19-0713739
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1980
Total area
7,000 SF
Lot
1.13 ac (49,223 SF)
Zoning code
I
APN
279120009
UPID
US19-0713739
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
-
Doug Brann Paint and Body Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$940k
Owner & transaction history
Doug Brann Paint · 21 yrs held
Doug Brann Paint
since 2004
7 recorded transactions
Zoning & alternative use
I · Naples, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Planning | Naples, FL
Top alternative use upside
Industrial (general)
$2.6M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,675,000
Current use
INDUSTRIAL (GENERAL)
$2,555,000
Change: +53% · Conversion: Easy
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10%
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
$134 / 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
$11,585
Tax year 2023
Assessed value
$1,032,711
Assessed 2023
Previous assessed
$938,828
+10.0% YoY
Effective rate
1.12%
On assessed value
Land market value
$997,508
Improvement market value
$228,647
Total market value
$1,226,155
Applied tax rate
153.0000
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
1980
Heating
NONE
Stories
1
Total area
7,000 SF
Lot
1.13 ac (49,223 SF)
Zoning code
I
APN
279120009
UPID
US19-0713739
Jurisdiction
COLLIER
Zoning & alternative use
I · Naples, FLZoning I · permitted uses
I · Naples, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning | Naples, FL
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
WAREHOUSE, STORAGE Current
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
1980
Heating
NONE
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Doug Brann Paint
Individual
Mailing address
3984 PROGRESS AVE, NAPLES, FL 34104-3651
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2025
—
Doug Brann Paint And Body Repair In
—
Deed
related
$493,000 · First Horizon Bank
Sep 2, 2004
$950,000
Doug Brann Paint
Klink Of Lawton Holding
Warranty Deed
$788,000 · First National Bank Florida
Jul 23, 1999
$397,900
Klink/lawton Holdings Co
Klink,robert H
Grant Deed
related
—
—
—
Doug Brann Paint & Body Repair
—
Deed Of Trust
related
$840,000 · First Fl Integrity Bk
—
—
Doug Brann Paint
—
Deed Of Trust
related
$250,000 · Fifth Third Bank
—
—
Doug Brann Paint
—
Deed Of Trust
related
$250,000 · Fifth Third Bank
—
—
Klink/lawton Holdings Co
—
Deed Of Trust
related
$600,000 · Tib Bank Of The Keys
—
—
Doug Brann Paint
—
Deed Of Trust
related
$45,000 · First National Bank Florida
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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