Property profile

4898 Davis Blvd Naples, FL 34104

OFF-MARKET
Office buildings
Property ID
US18-0358322
4,520 SF 0.52 ac lot Built 1988
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fee-simple, single-tenant, net-leased shopping center/storefront in Naples, Florida. The property, a 4,459 square foot building constructed in 2023, is 100% occupied by Heartland Dental, a creditworthy corporate tenant with a strong financial history. The lease, commencing July 1, 2023, and expiring September 30, 2033, offers a remaining term of 8.9 years with built-in rent bumps of 10% every five years and three five-year lease options. The property boasts a strong cap rate of 5.75% and a current NOI of $189,840, with a price per square foot of $740.75. Located on a 0.516-acre lot at 4898 Davis Blvd, Naples, FL 34104, this property benefits from its prime location in a high-growth, affluent market, situated on a highly trafficked retail corridor with over 4,500 homes within a one-mile radius and significant retail space within a two-mile radius. The building is situated in a Publix-anchored center experiencing 654,000 visits annually. The property is also conveniently located near schools and a country club, further enhancing its appeal. The state of Florida's 0% state income tax adds to the investment's attractiveness. This is a rare opportunity to acquire a high-quality, net-leased asset with a strong tenant and significant upside potential.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1988
Total area 4,520 SF
Lot 0.52 ac (22,651 SF)
Zoning code PUD
APN 52853320008
UPID US18-0358322

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Dental Office
  • Financial Advisor

Location

4898 Davis Blvd Naples, FL 34104-5338
Naples metro Census 10606 NAPLES-MARCO ISLAND, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2024
Last sale
$3.2M
3 recorded transactions
2024
$3.2M
2014
$2.6M
2008
$1.6M

Zoning & alternative use

PUD · Naples, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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