Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    7988 Airport N Rd Naples, FL 34109
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7988 Airport N Rd Naples, FL 34109

    View on Map
    • Retail space
    • 51,295 SF
    • 9.85 lot acres
    Off-Market
    Property ID
    US18-3066677
    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.
    Value Estimations
    $9,020,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 7988 Airport N Rd

    Year built
    1999
    Lot size
    9.85 lot acres
    Property size
    51,295 SF
    Property type
    Retail space
    APN
    63518000526
    APU
    63518000526

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,410,000
      6.5%
      $9,610,000
      7%
      $8,925,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Naples
    County
    Collier
    State
    Florida
    Longitude
    -81.7677
    Latitude
    26.2423
    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
    $111,357
    $5,599,311
    $5,750,052
    $11,349,363
    -
    $5,599,311
    $5,750,052
    $11,349,363

    Comparable in this City

    • Value Estimation
      $6,970,000
      42,853 SF

      2275 Pne Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 42,853 SF
      2275 Pne Rdg Rd, Naples, FL 34109-2042
      View Details
    • Value Estimation
      $2,870,000
      16,145 SF

      5960 Naples Blvd

      RETAIL STORES (PERSONAL SERVICES) • 16,145 SF
      5960 Naples Blvd, Naples, FL 34109-2076
      View Details
    • Value Estimation
      $3,260,000
      20,020 SF

      2464 Vanderbilt Bch Rd

      RETAIL STORES (PERSONAL SERVICES) • 20,020 SF
      2464 Vanderbilt Bch Rd, Naples, FL 34109-2657
      View Details
    • Value Estimation
      $2,390,000
      10,419 SF

      6345 Naples Blvd

      RETAIL STORES (PERSONAL SERVICES) • 10,419 SF
      6345 Naples Blvd, Naples, FL 34109-2069
      View Details
    • Value Estimation
      $5,930,000
      15,264 SF

      7985 Airport N Rd

      RETAIL STORES (PERSONAL SERVICES) • 15,264 SF
      7985 Airport N Rd, Naples, FL 34109-1749
      View Details
    • Value Estimation
      $1,190,000
      11,484 SF

      1477 Pne Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,484 SF
      1477 Pne Rdg Rd, Naples, FL 34109
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,113 SF

      9015 Strada Stell Court #105, Naples, FL 34109

      Office Units • 2,113 SF
      9015 Strada Stell Ct, Naples, FL 34109
      View Details
    • $879,000
      2,113 SF

      Naples Office Space For Sale

      Office space available in Naples, Florida.
      9105 Corsea Del Fontana Way, Naples, FL 34109
      View Details
    • Contact for pricing
      1,982 SF

      Remodeled Condo with Lake Views

      Updated condo featuring lake views, modern amenities, and convenient location.
      6847 Lantana Bridge Rd, Naples, FL 34109
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,537 SF

      Retail Space on Vanderbilt Beach

      Retail space available for lease on Vanderbilt Beach Road.
      2315 Vanderbilt Beach Rd, Naples, FL 34109
      View Details
    • Contact for pricing
      20,000 SF

      Naples Retail Space For Rent

      20,000 square foot retail space available for lease.
      6325 Naples Blvd, Naples, FL 34109
      View Details
    • Contact for pricing
      900 SF

      Retail Space in High-Traffic Area

      Retail space available in a robust and affluent retail corridor.
      2430-2460 Vanderbilt Beach Rd, Naples, FL 34109
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space in High-Traffic Area

      Retail space available in a robust and affluent retail corridor.
      2464 Vanderbilt Beach Rd, Naples, FL 34109
      View Details
    • Contact for pricing
      2,026 SF

      Retail Space in Naples, FL

      Retail space available in busy Naples shopping center.
      5311-5437 Airport Pulling Rd N, Naples, FL 34109
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces for lease with upcoming enhancements.
      5327 Airport-Pulling Rd, Naples, FL 34109
      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.
    7988 Airport N Rd
    Naples, FL 34109
    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.
    Sign Up Successful!
    You now have access to more from Realmo!