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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Distribution centers
8243 Key Royal Cir Naples, FL 34119-6727
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0853898
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2002
Lot
0.38 ac (16,553 SF)
Zoning code
PUD
APN
194721509
UPID
US18-0853898
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
-
Key Royal Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$835k
Owner & transaction history
8243 Key Royal LLC · 1 yrs held
8243 Key Royal LLC
since 2025
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
PUD · Naples, FL
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
$835,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$835k
Range $752k – $919k · ±10% · vs last sale $1.06M (Sep 6 2023)
Last sale anchor
$1.06M
Sep 6 2023
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
—
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
$7,721
Tax year 2023
Assessed value
$717,350
Assessed 2023
Previous assessed
$652,136
+10.0% YoY
Effective rate
1.08%
On assessed value
Land market value
$136,895
Improvement market value
$656,020
Total market value
$792,915
Applied tax rate
36.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2002
Heating
NONE
Lot
0.38 ac (16,553 SF)
Zoning code
PUD
APN
194721509
UPID
US18-0853898
Jurisdiction
COLLIER
Zoning & alternative use
PUD · Naples, FLZoning PUD · permitted uses
PUD · Naples, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning | Naples, FL
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Lot
0.38 ac
Current owner
From public records · entity-resolved
8243 Key Royal LLC
Entity
Mailing address
17TH 22ND ST, OAKBROOK TERRACE, IL 60181-4745
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2025
$600,000
8243 Key Royal LLC
All Purpose Storage Naples LLC
Special Warranty Deed
—
Sep 6, 2023
$1,060,000
All Purpose Storage Naples LLC
Gl&l Holdings LLC
Warranty Deed
$824,000 · Vision Bank
Dec 30, 2021
$800,000
G L & L Holdings LLC
Key Mini Storage LLC
Warranty Deed
—
Nov 5, 2020
$500,000
Key Mini Storage LLC
Mangrove Storage LLC
Warranty Deed
$402,000 · Fam Satpro LLC
Dec 28, 2018
$135,000
Mangrove Storage LLC
Krs Naples LLC
Warranty Deed
—
Nov 23, 2010
$105,000
Krs Naples LLC
Key Royal Storage LLC
Warranty Deed
—
Sep 18, 2006
—
Key Royal Storage LLC
Fermm LLC
Warranty Deed
related
—
Apr 21, 2004
$121,900
Muhammad I Sohail
Fermm LLC
Grant Deed
$107,010 · Fifth Third Mortgage Co
Apr 16, 2004
$118,900
Jennifer L Weir
Fermm LLC
Grant Deed
$109,539 · Wachovia Mortgage Co
Apr 9, 2004
$135,000
Lanise Laurent
Fermm LLC
Warranty Deed
$108,000 · America's Wholesale Lender
Apr 9, 2004
$118,900
Kenneth P Stephens
Fermm LLC
Grant Deed
$95,120 · Wells Fargo Home Mortgage INC
Mar 16, 2004
$120,900
Sharon W Stites
Fermm LLC
Grant Deed
$80,000 · Orion Bank
Mar 16, 2004
$134,900
Melissa K Roxberry
Fermm LLC
Grant Deed
$134,900 · Fifth Third Mortgage Co
Mar 29, 2002
—
Fermm LLC
—
Grant Deed
related
$26,000,000 · Key Bank NA
Jan 21, 1999
$2,160,000
Fermm LLC
Minanis INC
Grant Deed
$1,944,000 · Amsouth Bank
—
—
Mario Rocha
—
Deed Of Trust
related
$109,000 · National City Mortgage Co
—
—
Robert Kruczowy
—
Deed Of Trust
related
$144,015 · Citibank NA
—
—
Fermm LLC
—
Deed Of Trust
related
$696,344 · Key Bank NA
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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