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Property profile & analytics
OFF-MARKET
Estimated value
$3,755,000
Distribution centers
5450 Shirley St, Naples, FL 34109-1853
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3911462
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1980
Total area
21,300 SF
Lot
1.13 ac (49,223 SF)
Zoning code
I
APN
255088903
UPID
US18-3911462
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
-
Franklin Scott, Inc Hardware & Home Improvement
-
Samaniego Art Theater & Performing Art Venue
-
Green Path Artificial Turf of Naples Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Ocean Prime Pool Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.85M
Comparable Approach
Comparable
$3.79M
Blend (final)
Blend
$3.76M
Owner & transaction history
Jericho Drive LLC · 2 yrs held
Jericho Drive LLC
since 2023
Last sale
$4.4M
7 recorded transactions
Zoning & alternative use
I · Naples, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$5.2M
+2.8%
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
$3,430,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,085,000
6.5%
$2,845,000
7%
$2,645,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,090,000
Current use
INDUSTRIAL (GENERAL)
$5,235,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$3.76M
Range $3.38M – $4.13M · ±10% · vs last sale $4.35M (Sep 14 2023)
Last sale anchor
$4.35M
Sep 14 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
$176 / 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
$19,974
Tax year 2023
Assessed value
$1,687,440
Assessed 2023
Previous assessed
$1,534,036
+10.0% YoY
Effective rate
1.18%
On assessed value
Land market value
$1,478,082
Improvement market value
$965,348
Total market value
$2,443,430
Applied tax rate
194.0000
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
1980
Heating
NONE
Stories
1
Total area
21,300 SF
Lot
1.13 ac (49,223 SF)
Zoning code
I
APN
255088903
UPID
US18-3911462
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
$5.1M
INDUSTRIAL (GENERAL)
Est. value
$5.2M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
1980
Heating
NONE
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Jericho Drive LLC
Entity
Mailing address
6625 CHARLES ST, CALEDONIA, WI 53402-1571
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2024
—
Jericho Drive LLC
—
Deed
related
$1,915,000 · Midflorida Cu
Sep 14, 2023
$4,350,000
Jericho Drive LLC
Lrp Partnership
Warranty Deed
—
Jan 20, 2023
$2,466,666
Kim A Kirby
Lrp Partnership
Warranty Deed
—
Feb 12, 2020
—
Lrp Ptshp
—
Deed
related
—
Feb 1, 2018
—
Lrp Ptshp
—
Deed
related
—
—
—
Lrp Ptshp
—
Loan Modification
related
$150,000 · First Fl Integrity Bk
—
—
Lrp Ptshp
—
Loan Modification
related
—
—
—
Lrp Ptshp
—
Loan Modification
related
—
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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