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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Distribution centers
5833 Houchin St Naples, FL 34109-1903
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3926484
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1972
Total area
14,340 SF
Lot
0.87 ac (37,897 SF)
Zoning code
I
APN
243200007
UPID
US18-3926484
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
-
X-Treme Stone Kitchen & Bath Showroom Hardware & Home Improvement
-
American Craftmen Factory General Contractor Renovation Specialist
-
Quartz Stone, Inc General Contractor Construction Company
-
Granimarb, LLC. Kitchen & Bath Showroom Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.55M
Blend (final)
Blend
$1.20M
Owner & transaction history
5833 Houchin Street LLC · 9 yrs held
5833 Houchin Street LLC
since 2016
4 recorded transactions
Zoning & alternative use
I · Naples, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Planning | Naples, FL
Top alternative use upside
Industrial (general)
$3.5M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,425,000
Current use
INDUSTRIAL (GENERAL)
$3,525,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10%
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
$84 / 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
$15,643
Tax year 2023
Assessed value
$1,377,690
Assessed 2023
Previous assessed
$1,252,445
+10.0% YoY
Effective rate
1.14%
On assessed value
Land market value
$970,398
Improvement market value
$869,701
Total market value
$1,840,099
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
1972
Heating
NONE
Stories
1
Total area
14,340 SF
Lot
0.87 ac (37,897 SF)
Zoning code
I
APN
243200007
UPID
US18-3926484
Jurisdiction
COLLIER
Zoning & alternative use
I · Naples, FLZoning I · permitted uses
I · Naples, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning | Naples, FL
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.4M
INDUSTRIAL (GENERAL)
Est. value
$3.5M
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
1972
Heating
NONE
Stories
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
5833 Houchin Street LLC
Entity
Mailing address
1496 UTOPIA PKWY, WHITESTONE, NY 11357-2930
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2016
$1,200,000
5833 Houchin Street LLC
Lippert Properties LLC
Warranty Deed
$486,275 · Private Individual
Mar 27, 2015
$1,050,000
Lippert Properties LLC
So Flo Speed Shop Naples LLC
Warranty Deed
$325,000 · So Flo Speed Shop LLC
Mar 6, 2015
—
So Flo Speed Shop Naples LLC
Nelson Barbara S
Grant Deed
related
—
Jan 5, 2015
$700,000
So Flo Speed Shop Naples LLC
Schneider John E 2001 Trust
Grant 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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