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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5450 Shirley St Naples, FL 34109-1853

    • Distribution centers
    • 21,300 SF
    • 1.13 lot acres
    OFF-MARKET
    Last Sale
    Sep 14, 2023
    $4,350,000
    Value Estimations
    $3,755,000
    Show details
    Cap Rate Potential
    5.4%
    Distribution centers
    Location Intelligence
    Property ID
    US18-3911462
    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

    • Franklin Scott, Inc / Fireplace Store
    • Samaniego Art / Art Center / Art Gallery
    • Green Path Artificial Turf of Naples / Turf Supplier / Service Establishment
    • Ocean Prime Pool Service / Pool Cleaning Service

    Property Details for 5450 Shirley St

    Year built
    1980
    Lot size
    1.13 lot acres
    Property size
    21,300 SF
    Zone code
    I
    Property type
    Distribution centers
    APN
    255088903
    APU
    255088903

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,430,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,085,000
      6.5%
      $2,845,000
      7%
      $2,645,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,789,000
      Market price range: $3.79M - $6.19M
      AI Estimate
      $2,364,000
      Market price range: $1.32M - $5.97M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $5,090,000
      Current use
      INDUSTRIAL (GENERAL)
      $5,235,000
      Change: +3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Naples
    County
    Collier
    State
    Florida
    Longitude
    -81.7809
    Latitude
    26.2131
    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
    $19,974
    $0.00
    $0.00
    $1,687,440
    -
    $1,478,082
    $965,348
    $2,443,430

    Comparable in this City

    • Value Estimation
      $2,475,000
      18,000 SF

      2409 J And C Blvd

      DISTRIBUTION WAREHOUSE • 18,000 SF
      2409 J And C Blvd, Naples, FL 34109-2045
      View Details
    • Value Estimation
      $2,535,000
      16,600 SF

      5910 Taylor Rd

      DISTRIBUTION WAREHOUSE • 16,600 SF
      5910 Taylor Rd, Naples, FL 34109-1870
      View Details
    • Value Estimation
      $1,700,000
      11,250 SF

      5550 Shirley St

      DISTRIBUTION WAREHOUSE • 11,250 SF
      5550 Shirley St, Naples, FL 34109-1869
      View Details
    • Value Estimation
      $1,540,000
      8,400 SF

      6187 Shirley St

      DISTRIBUTION WAREHOUSE • 8,400 SF
      6187 Shirley St, Naples, FL 34109-6261
      View Details
    • Value Estimation
      $1,670,000
      10,000 SF

      5643 Taylor Rd

      DISTRIBUTION WAREHOUSE • 10,000 SF
      5643 Taylor Rd, Naples, FL 34109-1826
      View Details
    • Value Estimation
      $2,185,000
      15,840 SF

      5791 Taylor Rd

      DISTRIBUTION WAREHOUSE • 15,840 SF
      5791 Taylor Rd, Naples, FL 34109-2306
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,500 SF

      North Naples Industrial Park Property

      Two industrial buildings on 1.14 acres in North Naples.
      5309 Shirley St, Naples, FL 34109
      View Details
    • Contact for pricing
      35 SF

      North Naples Industrial Park Opportunity

      Two adjacent parcels with industrial buildings in North Naples.
      5307 Shirley St, Naples, FL 34109
      View Details
    • $1,045,800
      2,520 SF

      Naples Flex Space: Class A Condo

      2,520 SF Flex Space, Vacant, $1.04M
      5651 Shirley St, Naples, FL 34109
      View Details
    • $4,100,000
      22,053 SF

      North Naples Industrial Park Opportunity

      Two-building flex/industrial property in North Naples Industrial Park.
      5307 Shirley St, Naples, FL 34109
      View Details
    • $900,000

      Industrial Condo in Naples Art District

      Exquisitely designed industrial condo in the Naples Art District.
      5880 Shirley St, Naples, FL 34109
      View Details
    • $4,000,000
      15,255 SF

      Naples Warehouse and Office Space

      Warehouse and office space with excellent access to major thoroughfares.
      2221 Corporation Blvd, Naples, FL 34109
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      11,000 SF

      Naples Warehouse Space Available

      Industrial warehouse space available for lease in Naples, Florida.
      6026 Taylor Rd, Naples, FL 34109
      View Details
    • $19 SF/Yr
      2,477 SF

      Naples Flex/Industrial Space Available

      Flex/industrial space available for lease in Naples, Florida.
      5701 Houchin St, Naples, FL 34109
      View Details
    • $24 SF/Yr
      9,696 SF

      Industrial Space in Naples, Florida

      Industrial property available for lease in Naples, Florida.
      1989 Trade Center Way, Naples, FL 34109
      View Details
    • $16 SF/Yr
      1,500 SF

      Naples Flex/Industrial Space Available

      Flex/Industrial space available for lease in Naples, Florida.
      5751 Houchin St, Naples, FL 34109
      View Details
    • $32 SF/Yr
      3,700 SF

      Ridgeport Plaza: Naples Retail Space

      Prime Naples retail space, multiple units available.
      5327 Airport-Pulling Rd, Naples, FL 34109
      View Details
    • $17 SF/Yr
      5,532 SF

      Naples Executive Office Suites

      Prime Naples office space, 1,994-3,538 sq ft.
      2277 Trade Center Way, Naples, FL 34109
      View Details
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    5450 Shirley St
    Naples, FL 34109-1853
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    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
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