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Property profile & analytics
OFF-MARKET
Estimated value
$5,200,000
Retail space
7385 Radio Rd Naples, FL 34104-6704
Individually Owned
1-yr Hold
Free & Clear
Property ID
US19-0458504
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Total area
11,032 SF
Lot
1 ac (43,560 SF)
Zoning code
PUD
APN
23941000049
UPID
US19-0458504
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
-
Richard J Garcia, DMD Dental Office
-
Megan Haggard Physician
-
Alta Private Health Medical Clinic
-
James Ray Physician
-
Naples Clinic Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.91M
Blend (final)
Blend
$5.20M
Owner & transaction history
Alois Putre JR · 1 yrs held
Alois Putre JR
since 2024
Last sale
$5.2M
7 recorded transactions
Zoning & alternative use
PUD · Naples, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.2M
+1.0%
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
$5,200,000
ML approach
$5,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,145,000
Current use
OFFICE BUILDING
$6,205,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$5.20M
Range $4.68M – $5.72M · ±10% · vs last sale $5.20M (Oct 18 2024)
Last sale anchor
$5.20M
Oct 18 2024
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
$471 / 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
$23,783
Tax year 2023
Assessed value
$2,271,606
Assessed 2023
Previous assessed
$2,065,096
+10.0% YoY
Effective rate
1.05%
On assessed value
Land market value
$1,057,041
Improvement market value
$1,244,018
Total market value
$2,301,059
Applied tax rate
202.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2001
Heating
NONE
Stories
1
Units
1
Total area
11,032 SF
Lot
1 ac (43,560 SF)
Zoning code
PUD
APN
23941000049
UPID
US19-0458504
Jurisdiction
COLLIER
Zoning & alternative use
PUD · Naples, FL
Zoning PUD · permitted uses
PUD · Naples, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Naples. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.1M
OFFICE BUILDING
Est. value
$6.2M
RETAIL STORES Current
OFFICE BUILDING
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
2001
Heating
NONE
Stories
1
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
Alois Putre JR
Individual
Free & Clear · 1 yrs held
Mailing address
3951 GULF SHR BLVD NP2C, NAPLES, FL 34103-3637
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2024
$5,200,000
Alois Putre JR
Dixie A Whatley
Warranty Deed
—
Aug 6, 2019
—
Dixie A Whatley
—
Deed
related
$1,200,000 · First Fl Integrity Bk
Nov 13, 2013
$3,100,000
Whatley,dixie A Living Trust
Kb Ents Of Naples LLC
Warranty Deed
$1,550,000 · Florida Community Bank
Mar 28, 2005
$2,500,000
Kb Enterprises Of Naples LLC
Coast Communities Corp
Warranty Deed
$2,000,000 · Bank Of Florida Southwest
—
—
Dixie A Whatley
—
Deed Of Trust
related
$1,200,000 · First Fl Integrity Bk
—
—
Kb Ents Of Naples LLC
—
Deed Of Trust
related
$295,000 · Comerica Bank
—
—
Kb Ents Of Naples LLC
—
Deed Of Trust
related
$2,295,000 · Comerica Bank
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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