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

    7385 Radio Rd Naples, FL 34104-6704

    • Retail space
    • 11,032 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    Oct 18, 2024
    $5,200,000
    Value Estimations
    $5,125,000
    Show details
    Cap Rate Potential
    2.6%
    Retail space
    Location Intelligence
    Property ID
    US19-0458504
    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

    • Richard J Garcia, DMD / Dentist / Dental Clinic
    • Megan Haggard / Nurse Practitioner
    • Alta Private Health / Medical Clinic / Health Consultant
    • James Ray / Sports Medicine Physician / Orthopedic Surgeon
    • Naples Clinic / Nurse Practitioner / Urgent Care Center

    Property Details for 7385 Radio Rd

    Year built
    2001
    Lot size
    1.00 lot acres
    Property size
    11,032 SF
    Zone code
    PUD
    Property type
    Retail space
    APN
    23941000049
    APU
    23941000049

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,200,000
      ML approach
      $5,200,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,908,000
      Market price range: $3.09M - $9.26M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $6,145,000
      Current use
      OFFICE BUILDING
      $6,205,000
      Change: +1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Naples
    County
    Collier
    State
    Florida
    Longitude
    -81.7194
    Latitude
    26.1547
    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
    $23,783
    $0.00
    $0.00
    $2,271,606
    -
    $1,057,041
    $1,244,018
    $2,301,059

    Comparable in this City

    • Value Estimation
      $510,000
      3,200 SF

      3701 Santa Barbara Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      3701 Santa Barbara Blvd, Naples, FL 34104-7837
      View Details
    • Value Estimation by Request
      3,000 SF

      2424 Davis Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      2424 Davis Blvd, Naples, FL 34104-4267
      View Details
    • Value Estimation by Request
      6,022 SF

      8485 Davis Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,022 SF
      8485 Davis Blvd, Naples, FL 34104-2801
      View Details
    • Value Estimation by Request
      83,181 SF

      7071 Devonshire Blvd

      RETAIL STORES (PERSONAL SERVICES) • 83,181 SF
      7071 Devonshire Blvd, Naples, FL 34104
      View Details
    • Value Estimation by Request
      13,104 SF

      4646 Domestic Ave

      RETAIL STORES (PERSONAL SERVICES) • 13,104 SF
      4646 Domestic Ave, Naples, FL 34104-7054
      View Details
    • Value Estimation by Request
      5,928 SF

      1150 Airport N Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,928 SF
      1150 Airport N Rd, Naples, FL 34104-6194
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space in Radio Road Plaza

      Storefront unit with open space and undergoing renovations.
      6028 Radio Rd, Naples, FL 34104
      View Details
    • $3,900,000

      Retail Location in Downtown Naples

      Retail location in Naples with high vehicle and foot traffic.
      2770 Units, Naples, FL 34104
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    • $300,000
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      Established Sign Business For Sale

      Profitable sign business with growth potential and loyal customer base.
      4106 Progress Ave, Naples, FL 34104
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    • $3,900,000
      10,080 SF

      Davis Village Retail Center

      Downtown Naples Shopping Center, High ROI
      2770 Davis Blvd, Naples, FL 34104
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    • Contact for pricing
      8,000 SF

      Naples Retail Center: Prime Location

      8,000 SF Retail Space - New Development
      0 Santa Barbara Blvd & Davis Blvd, Naples, FL 34104
      View Details
    • $12,500,000

      Naples Retail Condo Complex

      56 Remodeled Villas, Prime Location
      161 Santa Clara Dr, Naples, FL 34104
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space in Grocery-Anchored Center

      Retail space available in high-traffic Naples shopping center.
      4025 Santa Barbara Blvd, Naples, FL 34104
      View Details
    • $16 SF/Yr
      1,584 SF

      Retail Space in Naples Plaza

      High-visibility retail space in Naples with ample parking.
      7785-7795 Davis Blvd, Naples, FL 34104
      View Details
    • Contact for pricing
      1,215 SF

      Retail Space in Kings Lake

      Grocery-anchored neighborhood center in Naples, Florida, near Interstate 75.
      4896 Davis Blvd, Naples, FL 34104
      View Details
    • $20 SF/Yr
      1,500 SF

      Air Conditioned Warehouse Space

      Air-conditioned warehouse with 15' clearance, suitable for storage.
      2960 Horseshoe Dr S, Naples, FL 34104
      View Details
    • Contact for pricing
      7,067 SF

      Retail Space in High-Traffic Area

      Retail space available in densely populated Naples market.
      7301 Radio Rd, Naples, FL 34104
      View Details
    • $23 SF/Yr
      6,750 SF

      Naples Industrial Flex Space

      Three flex spaces for lease in Naples, FL.
      3884 Progress Ave, Naples, FL 34104
      View Details
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    7385 Radio Rd
    Naples, FL 34104-6704
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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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