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Property profile & analytics
OFF-MARKET
Estimated value
$3,525,000
Commercial land
82 9th S St Naples, FL 34102-6278
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3174358
Property summary
AI-generated overview
This exceptional 7,014 square foot retail property in the heart of Downtown Naples, Florida presents a compelling investment opportunity. Completed in 2024, the building comprises three fully leased storefronts, offering immediate cash flow. Located at 82 9th St S, Naples, FL 34102 (Collier County), this multi-tenant building benefits from its prime location within a vibrant and thriving commercial district. Each of the three units is individually metered, simplifying management and tenant relations. The property's modern construction ensures low maintenance costs and long-term durability. The asking price is $6,700,000. Detailed financial information, including the rent roll, is available upon request. This is an ideal acquisition for investors seeking a stable, high-yield investment in a desirable Florida market. The property's strong tenant occupancy and prime location in Downtown Naples promise consistent rental income and potential for future appreciation. Don't miss this chance to secure a piece of Naples' thriving retail scene. Contact us today to learn more about this exceptional investment opportunity.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1959
Total area
10,811 SF
Lot
0.88 ac (38,333 SF)
Zoning code
NAPLES
APN
19013640008
UPID
US18-3174358
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
-
Naples Garage Doors Services Co. Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.53M
CAP Approach
CAP
$2.64M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.53M
Owner & transaction history
David John Gruninger · 1 yrs held
David John Gruninger
since 2024
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
NAPLES · Naples, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,525,000
ML approach
$3,525,000
CAP Approach
CAP Return
Estimation
6%
$2,860,000
6.5%
$2,640,000
7%
$2,450,000
Blend value · Realmo final
$3.53M
Range $3.17M – $3.88M · ±10% · vs last sale $3.53M (Nov 1 2024)
Last sale anchor
$3.53M
Nov 1 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
$326 / 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
$41,189
Tax year 2023
Assessed value
$4,165,425
Assessed 2023
Previous assessed
$4,165,425
+0.0% YoY
Effective rate
0.99%
On assessed value
Land market value
$4,781,250
Total market value
$4,781,250
Applied tax rate
282.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1959
Heating
NONE
Stories
1
Total area
10,811 SF
Lot
0.88 ac (38,333 SF)
Zoning code
NAPLES
APN
19013640008
UPID
US18-3174358
Jurisdiction
COLLIER
Zoning & alternative use
NAPLES · Naples, FL
Zoning NAPLES · permitted uses
NAPLES · 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.
Building & site characteristics
From public records
Year built
1959
Heating
NONE
Stories
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
David John Gruninger
Individual
Mailing address
82 9TH ST S UNIT #204, NAPLES, FL 34102-6280
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2024
$2,445,300
David John Gruninger
Tbc 82 9th Street LLC
Special Warranty Deed
$1,711,710 · A&d Mortgage LLC
Sep 12, 2024
$3,737,500
David M Dubois
Tbc 82 9 Th Street LLC
Special Warranty Deed
$2,600,000 · First Savings Mortgage Corp
Oct 8, 2009
—
Clayton Plaza LLC
—
Trustees Deed
related
$2,833,000 · Southwest Bank
Dec 4, 2008
—
Clayton Plaza LLC
—
Trustees Deed
related
$125,000 · Southwest Bank
Apr 12, 2006
$3,308,000
Clayton Plaza LLC
Messick,andrew S & Audrone E
Warranty Deed
$2,608,000 · Southwest Bank Of St Louis
—
—
Clayton Plaza LLC
—
Loan Modification
related
$110,000 · Itg Taxable Fund Lllp
—
—
Clayton Plaza LLC
—
Loan Modification
related
$40,800 · Itg Taxable Fund Lllp
—
—
Clayton Plaza LLC
—
Deed Of Trust
related
$125,000 · Southwest Bank Of St Louis
—
—
Clayton Plaza LLC
—
Loan Modification
related
$1,400,800 · Itg Taxable Fund Lllp
—
—
Clayton Plaza LLC
—
Loan Modification
related
$1,400,800 · Itg Taxable Fund Lllp
—
—
Clayton Plaza LLC
—
Loan Modification
related
$1,500,800 · Itg Taxable Fund Lllp
—
—
Clayton Plaza LLC
—
Loan Modification
related
$1,500,800 · Itg Taxable Fund Lllp
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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