Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    671 Goodlette-frank N Rd Naples, FL 34102-5469

    • Office buildings
    • 13,620 SF
    • 1.99 lot acres
    OFF-MARKET
    Last Sale
    Oct 28, 2022
    $5,300,000
    Value Estimations
    $5,960,000
    Show details
    Cap Rate Potential
    5.3%
    Office buildings
    Location Intelligence
    Property ID
    US18-2930980
    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

    • Office buildings

    Property Details for 671 Goodlette-frank N Rd

    Year built
    1992
    Lot size
    1.99 lot acres
    Property size
    13,620 SF
    Zone code
    NAPLES
    Property type
    Office buildings
    APN
    19110090001
    APU
    19110090001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,675,000
      ML approach
      $6,045,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,985,000
      6.5%
      $4,600,000
      7%
      $4,275,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,026,000
      Market price range: $8.74M - $28.9M

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

    Location Insight

    • Map
    • Local Demand
    City
    Naples
    County
    Collier
    State
    Florida
    Longitude
    -81.7916
    Latitude
    26.156
    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
    $39,173
    $3,393,679
    $1,202,188
    $4,595,867
    -
    $3,393,679
    $1,202,188
    $4,595,867

    Comparable in this City

    • Value Estimation by Request
      7,254 SF

      88 12th N St

      OFFICE BUILDING • 7,254 SF
      88 12th N St, Naples, FL 34102-6249
      View Details
    • Value Estimation by Request
      12,660 SF

      1300 3rd S St

      OFFICE BUILDING • 12,660 SF
      1300 3rd S St, Naples, FL 34102-7220
      View Details
    • Value Estimation by Request
      7,512 SF

      350 5th S Ave

      OFFICE BUILDING • 7,512 SF
      350 5th S Ave, Naples, FL 34102-6576
      View Details
    • Value Estimation by Request
      10,761 SF

      820 Goodlette-frank N Rd

      OFFICE BUILDING • 10,761 SF
      820 Goodlette-frank N Rd, Naples, FL 34102-5445
      View Details
    • Value Estimation by Request
      25,189 SF

      99 Riverside Cir

      OFFICE BUILDING • 25,189 SF
      99 Riverside Cir, Naples, FL 34102
      View Details
    • Value Estimation by Request
      5,377 SF

      625 Tamiami N Trl

      OFFICE BUILDING • 5,377 SF
      625 Tamiami N Trl, Naples, FL 34102-8143
      View Details

    Similar Nearby for Sale

    • $6,240,000
      0.37 Acres

      Naples Commercial Property on US-41

      Commercial property in downtown Naples with high visibility and access.
      330 9Th St S, Naples, FL 34102
      View Details
    • $1,100,000
      2,722 SF

      Professionally Managed Office Building

      Well-maintained office building near downtown Naples and 5th Ave S.
      750 11Th St S, Naples, FL 34102
      View Details
    • $2,800,000
      2,012 SF

      Olde Naples Office Redevelopment Opportunity

      Prime location, vacant, redevelopment potential.
      49 8Th St, Naples, FL 34102
      View Details
    • Contact for pricing
      42,595 SF

      Waterfront Mixed-Use Investment Opportunity

      Rare mixed-use asset in Naples, Florida with waterfront frontage.
      1400 Gulf Shore Blvd N, Naples, FL 34102
      View Details
    • $975,000

      Municipal Plaza Office/Retail Opportunity

      Two units in desirable Municipal Plaza, ideal for office/retail.
      1013 5Th Ave N A2, Naples, FL 34102
      View Details
    • $2,600,000
      3,062 SF

      Downtown Naples Class A Office

      Prime location, furnished office space.
      599 9Th St, Naples, FL 34102
      View Details

    Similar Nearby for Lease

    • $90 SF/Yr
      4,335 SF

      Prime Naples Executive Office Space

      Downtown Naples Office Suites Available
      385 14Th Ave, Naples, FL 34102
      View Details
    • $38 SF/Yr
      2,153 SF

      Office Space For Rent

      Office space available for lease in Naples, Florida.
      400 5Th Ave S, Naples, FL 34102
      View Details
    • $37 SF/Yr
      16,875 SF

      Askar Building: Premier Naples Office Space

      Downtown Naples Executive Suites, 875-2665 SF Available
      848 1St Ave, Naples, FL 34102
      View Details
    • $35 SF/Yr
      700 SF

      Office Space Available For Rent

      700 square feet office space for lease in Naples.
      1020 8Th Ave S, Naples, FL 34102
      View Details
    • Contact for pricing
      3,750 SF

      Naples Office Space For Rent

      Office space available for rent in Naples, Florida.
      550 5Th Ave S, Naples, FL 34102
      View Details
    • $30 SF/Yr
      1,800 SF

      Naples Office Space Available

      Office space available for lease in Naples, Florida.
      1010 Central Ave, Naples, FL 34102
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    671 Goodlette-frank N Rd
    Naples, FL 34102-5469
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.