Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    969 2nd N Ave Naples, FL 34102-5808

    • Manufacturing properties
    • 3,430 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $770,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4409176
    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

    • Lawn Equipment Center / (Bike/Boat/Book/etc) Store / Garden Center

    Property Details for 969 2nd N Ave

    Year built
    1962
    Lot size
    0.17 lot acres
    Property size
    3,430 SF
    Zone code
    NAPLES
    Property type
    Manufacturing properties
    APN
    14048800009
    APU
    14048800009

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $952,000
      Market price range: $735k - $1.53M
      AI Estimate
      $585,000
      Market price range: $218k - $1.13M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,055,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Naples
    County
    Collier
    State
    Florida
    Longitude
    -81.795
    Latitude
    26.15
    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
    $6,401
    $0.00
    $0.00
    $579,246
    -
    $697,500
    $124,295
    $821,795

    Comparable in this City

    • Value Estimation
      $805,000
      3,000 SF

      950 3rd N Ave

      FACTORY (MANUFACTURING) • 3,000 SF
      950 3rd N Ave, Naples, FL 34102-5811
      View Details
    • Value Estimation
      $575,000
      2,700 SF

      271 10th N St

      FACTORY (MANUFACTURING) • 2,700 SF
      271 10th N St, Naples, FL 34102-5824
      View Details
    • Value Estimation
      $605,000
      1,560 SF

      578 10th N St

      FACTORY (MANUFACTURING) • 1,560 SF
      578 10th N St, Naples, FL 34102-5638
      View Details
    • Value Estimation
      $660,000
      3,960 SF

      1050 Central Ave

      FACTORY (MANUFACTURING) • 3,960 SF
      1050 Central Ave, Naples, FL 34102
      View Details
    • Value Estimation
      $3,995,000
      10,293 SF

      570 Tamiami N Trl

      FACTORY (MANUFACTURING) • 10,293 SF
      570 Tamiami N Trl, Naples, FL 34102-5601
      View Details
    • Value Estimation
      $12,285,000
      31,735 SF

      801 6th S Ave

      FACTORY (MANUFACTURING) • 31,735 SF
      801 6th S Ave, Naples, FL 34102
      View Details

    Similar Nearby for Sale

    • $3,633,000
      11,840 SF

      The Cayden: Prime Naples Office Space

      Luxury Mixed-Use Office Building in Olde Naples
      180 9Th St, Naples, FL 34102
      View Details
    • $999,950
      0.19 Acres

      Naples Build-Ready Lot Opportunity

      Build-ready lot in prime Naples location near beaches and downtown.
      1165 8Th Ter N, Naples, FL 34102
      View Details
    • $5,700,000

      East Trail Outparcels For Sale

      Commercial land available on East Trail.
      11140-11150 Tamiami Trl E, Naples, FL 34102
      View Details
    • $4,195,000
      0.45 Acres

      Naples Bayfront Land Opportunity

      Rare 0.45-acre bayfront lot with 300' water frontage.
      1300 Curlew Ave, Naples, FL 34102
      View Details
    • Contact for pricing
      16,875 SF

      Prime Naples Office/Retail Space

      Downtown Naples location, move-in ready.
      848 1St Ave, Naples, FL 34102
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,405 SF

      Naples Office Space Available

      Office space available for lease in Naples, Florida.
      700 2Nd Ave N, Naples, FL 34102
      View Details
    • $16 SF/Yr
      24,984 SF

      Commons Professional Park: Naples Office Space

      Prime Naples Office, Medical Suites Available
      704 Goodlette Rd, Naples, FL 34102
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space on Tamiami Trail

      Retail space available for lease on Tamiami Trail.
      680 Tamiami Trl N, Naples, FL 34102
      View Details
    • $21,000
      50,030 SF

      Naples Retail Space: The Collective

      Prime Naples retail space, multiple units available.
      11110th St, Naples, FL 34102
      View Details
    • Contact for pricing
      1,000 SF

      Retail/Restaurant/Office Space in Naples

      Prime location near 5th Ave, downtown Naples, U.S. 41 frontage.
      97-99 9Th St N, Naples, FL 34102
      View Details
    • Contact for pricing
      1,400 SF

      Naples Office Space For Rent

      Office space available for lease in Naples, Florida.
      909 6Th Ave N, Naples, FL 34102
      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.
    969 2nd N Ave
    Naples, FL 34102-5808
    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!