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Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Distribution centers
524 Industrial Blvd, Naples, FL 34104-3774
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1037194
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1981
Total area
10,400 SF
Lot
0.93 ac (40,511 SF)
Zoning code
I
APN
276720004
UPID
US18-1037194
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
-
Tough Love Garage Auto Repair Shop
-
US-CAN Do It Hardware & Home Improvement General Contractor
-
Olde Naples Wood Shoppe General Contractor Renovation Specialist
-
Bill Lone Fine Woodworking General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.24M
CAP Approach
CAP
$1.39M
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$1.83M
Owner & transaction history
Naples Rental Group LLC · 4 yrs held
Naples Rental Group LLC
since 2021
Last sale
$1.5M
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
$2,350,000
ML approach
$2,235,000
CAP Approach
CAP Return
Estimation
6%
$1,505,000
6.5%
$1,390,000
7%
$1,290,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,485,000
Current use
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±10% · vs last sale $1.50M (Sep 3 2021)
Last sale anchor
$1.50M
Sep 3 2021
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
$175 / 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
$11,844
Tax year 2023
Assessed value
$1,137,319
Assessed 2023
Previous assessed
$1,122,975
+1.3% YoY
Effective rate
1.04%
On assessed value
Assessed land
$874,665
Assessed improvement
$262,654
Land market value
$874,665
Improvement market value
$262,654
Total market value
$1,137,319
Applied tax rate
23.0000
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
10,400 SF
Lot
0.93 ac (40,511 SF)
Zoning code
I
APN
276720004
UPID
US18-1037194
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
WAREHOUSE, STORAGE Current
Est. value
$2.5M
WAREHOUSE, STORAGE Current
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
1981
Heating
NONE
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Naples Rental Group LLC
Entity
Free & Clear · 4 yrs held
Mailing address
309 ROOKERY CT, MARCO ISLAND, FL 34145-4016
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2021
$1,500,000
Naples Rental Group LLC
Osorio Pool Construction LLC
Warranty Deed
—
Mar 10, 2020
—
Krt Properties LLC
—
Deed
related
$330,908 · Suncoast Cu
Apr 3, 2002
$500,000
Krt Properties LLC
Lindsay,james S
Grant Deed
$400,000 · James S Lindsay Trustee
—
—
Krt Properties LLC|kato Investments LLC
—
Loan Modification
related
$439,697 · Suncoast FCU
—
—
John P Clark
—
Deed Of Trust
related
$61,050 · Norwest Mortgage INC
—
—
Krt Properties LLC
—
Deed Of Trust
related
$575,059 · Suncoast School FCU
—
—
Krt Properties LLC
—
Loan Modification
related
$330,908 · Suncoast Cu
—
—
Krt Properties LLC
—
Deed Of Trust
related
$675,000 · Suncoast Schools FCU
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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