Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4850 Tamiami N Trl Naples, FL 34103-3029

    • Office buildings
    • 43,337 SF
    • 1.32 lot acres
    OFF-MARKET
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3120727
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Oracle America Inc. / Software Company
    • Falls River Group / Investment Bank
    • Legacy Insurance Enterprises LLC / Insurance Agency
    • Gezellig Scientific / Consultant
    • TechTrueUp / Human Resource Consulting

    Property Details for 4850 Tamiami N Trl

    Year built
    2021
    Lot size
    1.32 lot acres
    Property size
    43,337 SF
    Zone code
    C-4
    Property type
    Office buildings
    APN
    63400040005
    APU
    63400040005

    Description

    The Lutgert Professional Center offers exceptional Class A office space in the heart of Naples, Florida. This newly completed, three-story building boasts a total of 42,000 square feet of modern, efficient workspace. Currently, there are 6,469 square feet of vacant space available, with a minimum divisible unit of 2,464 square feet, perfect for businesses of various sizes. The building features one elevator for convenient access to all three floors. Its prime location on Tamiami Trail North (US 41), just south of Pine Ridge Road, provides excellent visibility and accessibility. The Lutgert Professional Center is ideally situated near the upscale Pelican Bay and Park Shore communities, making it an attractive location for professionals and corporations. The building's modern design and amenities cater to the needs of discerning tenants seeking a prestigious and productive work environment. This is a rare opportunity to secure high-quality office space in one of Naples' most desirable locations. The building's multiple tenancy structure allows for flexibility in lease terms and space configurations. This is a single building property with ample space for a variety of business needs. The address is 4850 Tamiami Trail N, Naples, FL 34103.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $570,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Naples
    County
    Collier
    State
    Florida
    Longitude
    -81.7996
    Latitude
    26.2054
    CBSA code
    34940
    CBSA name
    NAPLES-MARCO ISLAND, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $135,926
    $2,510,966
    $11,342,505
    $13,853,471
    -
    $2,510,966
    $11,342,505
    $13,853,471

    Comparable in this City

    • Value Estimation
      $440,000
      8,494 SF

      2355 Tamiami N Trl

      OFFICE BUILDING • 8,494 SF
      2355 Tamiami N Trl, Naples, FL 34103-4404
      View Details
    • Value Estimation by Request
      5,128 SF

      4530 Tamiami N Trl

      OFFICE BUILDING • 5,128 SF
      4530 Tamiami N Trl, Naples, FL 34103-3011
      View Details
    • Value Estimation
      $325,000
      12,180 SF

      1048 Castello Dr

      OFFICE BUILDING • 12,180 SF
      1048 Castello Dr, Naples, FL 34103-8924
      View Details
    • Value Estimation
      $280,000
      3,143 SF

      5117 Castello Dr

      OFFICE BUILDING • 3,143 SF
      5117 Castello Dr, Naples, FL 34103-1925
      View Details
    • Value Estimation
      $275,000
      4,379 SF

      971 Michigan Ave

      OFFICE BUILDING • 4,379 SF
      971 Michigan Ave, Naples, FL 34103-8803
      View Details
    • Value Estimation
      $8,030,000
      4,184 SF

      3650 Tamiami N Trl

      OFFICE BUILDING • 4,184 SF
      3650 Tamiami N Trl, Naples, FL 34103-3720
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Office Space Available For Sale

      1,428 RSF office space for sale, ready February 2025.
      2390 Tamiami Trl N 106, Naples, FL 34103
      View Details
    • $6,200,000

      Tamiami Trail Commercial Building For Sale

      Commercial building with high visibility and income potential.
      3411 Tamiami Trl N 2, Naples, FL 34103
      View Details
    • Contact for pricing
      1,428 SF

      Office Space in Naples, FL

      1,428 RSF office space available February 1, 2025.
      2390 Tamiami Trl N, Naples, FL 34103
      View Details
    • $1,825,000
      2,382 SF

      Naples Office Space For Sale

      Office property with 2,382 square feet of space available.
      803 Myrtle Ter, Naples, FL 34103
      View Details
    • Contact for pricing
      0.01 Acres

      Naples Commercial Space - Tamiami Trail

      1,428 RSF, Ready February 1st, 2025
      2390 Tamiami Trl, Naples, FL 34103
      View Details
    • $4,250,000

      Hollygate Lane Specialty Property

      Specialty property available for sale in Naples, Florida.
      1105 Hollygate Ln, Naples, FL 34103
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      38,155 SF

      Heron Place: Retail/Office Space

      North Naples commercial space, high visibility.
      4186 Tamiami Trl, Naples, FL 34103
      View Details
    • $14 SF/Yr
      24 SF

      Midtown Naples Flex Space Available

      Office, retail, and flex space in Midtown Naples for rent.
      3066 Tamiami Trl North | Naples, Naples, FL 34103
      View Details
    • $24 SF/Yr
      25 SF

      Downtown Naples Office Suites Available

      Office and medical suites for lease in downtown Naples.
      2400 Tamiami Trl N | Naples, Naples, FL 34103
      View Details
    • $39 SF/Yr
      6,531 SF

      Naples Office Space For Rent

      6,531 square foot office space available for lease.
      4850 Tamiami Trl N, Naples, FL 34103
      View Details
    • $32 SF/Yr
      4,110 SF

      Newgate Center Executive Suites

      Prime Office Space, Multiple Sizes Available
      5100 Tamiami Trl, Naples, FL 34103
      View Details
    • Contact for pricing
      2,880 SF

      Prime Naples Executive Office Space

      Class A Office, Bank Drive-Thru Access
      3838 Tamiami Trl, Naples, FL 34103
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4850 Tamiami N Trl
    Naples, FL 34103-3029
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.