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Property profile & analytics
OFF-MARKET
Estimated value
$1,585,000
Office buildings
4365 Radio Rd Naples, FL 34104-4372
Entity Owned
16-yr Hold
Free & Clear
Property ID
US18-8955228
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
3,970 SF
Lot
1.55 ac (67,518 SF)
Zoning code
I
APN
27830240000
UPID
US18-8955228
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
-
Davidson Engineering, Inc. General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.34M
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.59M
Owner & transaction history
Radio Road 6 LLC · 16 yrs held
Radio Road 6 LLC
since 2010
7 recorded transactions
Zoning & alternative use
I · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,455,000
6.5%
$1,340,000
7%
$1,245,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,235,000
Current use
RETAIL STORES
$2,210,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$1.59M
Range $1.43M – $1.74M · ±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
$399 / 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
$21,289
Tax year 2023
Assessed value
$2,044,206
Assessed 2023
Previous assessed
$2,032,168
+0.6% YoY
Effective rate
1.04%
On assessed value
Assessed land
$817,185
Assessed improvement
$1,227,021
Land market value
$817,185
Improvement market value
$1,227,021
Total market value
$2,044,206
Applied tax rate
172.0000
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
2005
Heating
NONE
Buildings
2
Stories
2
Units
2
Total area
3,970 SF
Lot
1.55 ac (67,518 SF)
Zoning code
I
APN
27830240000
UPID
US18-8955228
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
OFFICE BUILDING Current
Est. value
$2.2M
RETAIL STORES
Est. value
$2.2M
OFFICE BUILDING Current
RETAIL STORES
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
2005
Heating
NONE
Stories
2
Buildings
2
Units
2
Lot
1.55 ac
Current owner
From public records · entity-resolved
Radio Road 6 LLC
Entity
Free & Clear · 16 yrs held
Mailing address
1066 VAUGHN CRST DR, FRANKLIN, TN 37069-7211
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2010
$940,000
Radio Road 6 LLC
Bank Of Fl Of Sw
Grant Deed
—
Dec 17, 2009
$2,126,500
Bank Of Fl Of Sw
Metonoia Properties LLC
Warranty Deed
—
Apr 2, 2007
—
Metonoia Properties LLC
—
Trustees Deed
related
$550,000 · Bank Of Florida Sw
Mar 19, 2007
$3,300,000
Metonoia Properties LLC
Newco Of Naples At Corporate Square
Warranty Deed
$4,400,000 · Bank Of Florida Southwest
Jan 29, 2007
—
Record Owner
Owner,record
Quit Claim Deed
related
—
May 9, 2002
$512,900
Newco Of Naples At Corporate
Illum-elliot Investments LLC
Grant Deed
—
Aug 17, 2000
$520,000
Illum Elliott Investments LLC
Naples Business Park
Grant Deed
$512,893 · Community Bank Of Naples NA
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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