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Property profile & analytics
OFF-MARKET
Estimated value
$7,045,000
Investment properties
500 5th S Ave Naples, FL 34102-6615
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4888731
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1972
Total area
2,244 SF
Lot
0.53 ac (23,087 SF)
Zoning code
NAPLES
APN
11430280007
UPID
US18-4888731
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
-
Rebecca Sinatra, Premier Sotheby's Real Estate Agency
-
Walter Patrick, Naples Luxury Realtor Real Estate Agency
-
Northern Trust Bank
-
James W Bates Real Estate Agency
-
Walter T. Patrick - Premier Sothebys Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.05M
Owner & transaction history
Neco 500 5th Avenue South LLC · 2 yrs held
Neco 500 5th Avenue South LLC
since 2023
Last sale
$7.8M
3 recorded transactions
Zoning & alternative use
NAPLES · 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
$6,175,000
ML approach
$6,355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.05M
Range $6.34M – $7.75M · ±10% · vs last sale $7.83M (Oct 24 2023)
Last sale anchor
$7.83M
Oct 24 2023
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
$3,139 / 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
$75,410
Tax year 2023
Assessed value
$6,791,445
Assessed 2023
Previous assessed
$7,462,751
-9.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$5,830,404
Assessed improvement
$961,041
Land market value
$5,830,404
Improvement market value
$961,041
Total market value
$6,791,445
Applied tax rate
259.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1972
Heating
NONE
Buildings
2
Stories
2
Units
2
Total area
2,244 SF
Lot
0.53 ac (23,087 SF)
Zoning code
NAPLES
APN
11430280007
UPID
US18-4888731
Jurisdiction
COLLIER
Zoning & alternative use
NAPLES · Naples, FL
Zoning NAPLES · permitted uses
NAPLES · 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.
Building & site characteristics
From public records
Year built
1972
Heating
NONE
Stories
2
Buildings
2
Units
2
Lot
0.53 ac
Current owner
From public records · entity-resolved
Neco 500 5th Avenue South LLC
Entity
Mailing address
625 E MAIN ST, ASPEN, CO 81611-2153
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2023
$7,829,000
Neco 500 5th Avenue South LLC
500 Fifth Avenue South Holdings LLC
Special Warranty Deed
$153,500,000 · American General Life Insurance Co
Feb 16, 2021
$8,900,000
500 Fifth Avenue South Holdings LLC
Stephen H Farrington
Special Warranty Deed
$7,100,000 · Stephen Farrington
Apr 29, 2008
$212,000
City Of Naples
Farrington,stephen H
Warranty Deed
—
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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