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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Distribution centers
4473 Progress Ave Naples, FL 34104-7094
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-4816211
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1981
Total area
13,150 SF
Lot
1.13 ac (49,223 SF)
Zoning code
I
APN
276160004
UPID
US18-4816211
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
-
KleanTerpenes™ Big Box & Wholesale Store
-
All Weather Hurricane Protection LLC. (Bike/Boat/Book/etc) Store Home Decor Store
-
Shoreline Custom Glass Hardware & Home Improvement Home Decor Store
-
Rite Now Movers Inc Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.76M
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$670k
Owner & transaction history
Prospect Avenue LLC · 1 yrs held
Prospect Avenue LLC
since 2024
4 recorded transactions
Zoning & alternative use
I · Naples, FL
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%
$1,905,000
6.5%
$1,760,000
7%
$1,630,000
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$51 / 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
$10,001
Tax year 2023
Assessed value
$960,310
Assessed 2023
Previous assessed
$906,264
+6.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$717,833
Assessed improvement
$242,477
Land market value
$717,833
Improvement market value
$242,477
Total market value
$960,310
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
1981
Heating
NONE
Stories
1
Total area
13,150 SF
Lot
1.13 ac (49,223 SF)
Zoning code
I
APN
276160004
UPID
US18-4816211
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
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Prospect Avenue LLC
Entity
Mailing address
PO BOX 8537, NAPLES, FL 34101-8537
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2024
$473,106
Prospect Avenue LLC
Rick Leesley
Special Warranty Deed
$525,000 · Busey Bank
Feb 16, 2018
—
Rick D Leesley
—
Deed
related
$546,242 · Busey Bk
Aug 18, 2017
$795,000
Rick Lesley
Boran Craig Schreck Partnership A F
Warranty Deed
$190,000 · Busey Bank
—
—
Rick D Leesley
—
Loan Modification
related
$546,242 · Busey Bk
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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