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    Property profile & analytics

    700 Neapolitan Way Naples, FL 34103-8570

    • Office buildings
    • 15,131 SF
    • 1.69 lot acres
    OFF-MARKET
    Value Estimations
    $465,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3560121
    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

    • Dr. Joseph Sowka / Optometrist
    • Center For Sight: Reena Patel, O.D. / Optometrist / Eye Care Center
    • Scherer Warren J MD / Doctor
    • Dr. Daniel M. Stingl, MD / Ophthalmologist
    • Center For Sight - Naples / Ophthalmologist

    Property Details for 700 Neapolitan Way

    Year built
    1988
    Lot size
    1.69 lot acres
    Property size
    15,131 SF
    Zone code
    NAPLES
    Property type
    Office buildings
    APN
    16054840006
    APU
    16054840006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $465,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $406,000
      Market price range: $407k - $1.34M

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

    Location Insight

    • Map
    • Local Demand
    City
    Naples
    County
    Collier
    State
    Florida
    Longitude
    -81.8037
    Latitude
    26.2024
    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
    $30,621
    $1,739,178
    $1,569,864
    $3,309,042
    -
    $1,739,178
    $1,569,864
    $3,309,042

    Comparable in this City

    • Value Estimation
      $465,000
      8,494 SF

      2355 Tamiami N Trl

      OFFICE BUILDING • 8,494 SF
      2355 Tamiami N Trl, Naples, FL 34103-4404
      View Details
    • Value Estimation by Request
      5,128 SF

      4530 Tamiami N Trl

      OFFICE BUILDING • 5,128 SF
      4530 Tamiami N Trl, Naples, FL 34103-3011
      View Details
    • Value Estimation
      $295,000
      12,180 SF

      1048 Castello Dr

      OFFICE BUILDING • 12,180 SF
      1048 Castello Dr, Naples, FL 34103-8924
      View Details
    • Value Estimation
      $280,000
      3,143 SF

      5117 Castello Dr

      OFFICE BUILDING • 3,143 SF
      5117 Castello Dr, Naples, FL 34103-1925
      View Details
    • Value Estimation
      $275,000
      4,379 SF

      971 Michigan Ave

      OFFICE BUILDING • 4,379 SF
      971 Michigan Ave, Naples, FL 34103-8803
      View Details
    • Value Estimation
      $8,030,000
      4,184 SF

      3650 Tamiami N Trl

      OFFICE BUILDING • 4,184 SF
      3650 Tamiami N Trl, Naples, FL 34103-3720
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Office Space Available For Sale

      1,428 RSF office space for sale, ready February 2025.
      2390 Tamiami Trl N 106, Naples, FL 34103
      View Details
    • $6,200,000

      Tamiami Trail Commercial Building For Sale

      Commercial building with high visibility and income potential.
      3411 Tamiami Trl N 2, Naples, FL 34103
      View Details
    • New
      Contact for pricing
      1,428 SF

      Office Space in Naples, FL

      1,428 RSF office space available February 1, 2025.
      2390 Tamiami Trl N, Naples, FL 34103
      View Details
    • $1,825,000
      2,382 SF

      Naples Office Space For Sale

      Office property with 2,382 square feet of space available.
      803 Myrtle Ter, Naples, FL 34103
      View Details
    • Contact for pricing
      0.01 Acres

      Naples Commercial Space - Tamiami Trail

      1,428 RSF, Ready February 1st, 2025
      2390 Tamiami Trl, Naples, FL 34103
      View Details
    • $4,250,000

      Hollygate Lane Specialty Property

      Specialty property available for sale in Naples, Florida.
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    Similar Nearby for Lease

    • $20 SF/Yr
      38,155 SF

      Heron Place: Retail/Office Space

      North Naples commercial space, high visibility.
      4186 Tamiami Trl, Naples, FL 34103
      View Details
    • $39 SF/Yr
      6,531 SF

      Naples Office Space For Rent

      6,531 square foot office space available for lease.
      4850 Tamiami Trl N, Naples, FL 34103
      View Details
    • $14 SF/Yr
      24 SF

      Midtown Naples Flex Space Available

      Office, retail, and flex space in Midtown Naples for rent.
      3066 Tamiami Trl North | Naples, Naples, FL 34103
      View Details
    • $24 SF/Yr
      25 SF

      Downtown Naples Office Suites Available

      Office and medical suites for lease in downtown Naples.
      2400 Tamiami Trl N | Naples, Naples, FL 34103
      View Details
    • $32 SF/Yr
      4,110 SF

      Newgate Center Executive Suites

      Prime Office Space, Multiple Sizes Available
      5100 Tamiami Trl, Naples, FL 34103
      View Details
    • Contact for pricing
      2,880 SF

      Prime Naples Executive Office Space

      Class A Office, Bank Drive-Thru Access
      3838 Tamiami Trl, Naples, FL 34103
      View Details
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    700 Neapolitan Way
    Naples, FL 34103-8570
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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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