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Property profile & analytics
OFF-MARKET
Estimated value
$6,200,000
Office buildings
990 1st S Ave Naples, FL 34102-6246
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-2549059
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
2,912 SF
Lot
0.46 ac (20,038 SF)
Zoning code
NAPLES
APN
19014800009
UPID
US18-2549059
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
-
Daltile, American Olean, Marazzi Showroom & Design Studio Hardware & Home Improvement Carpet & Flooring Store
-
GCM Contracting Solutions General Contractor
-
ASAR Production Facility
-
Leadline, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
The Markit Group Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.11M
Blend (final)
Blend
$6.20M
Owner & transaction history
990 Partners LLC · 2 yrs held
990 Partners LLC
since 2024
Last sale
$6.2M
3 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
$6,200,000
ML approach
$6,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.20M
Range $5.58M – $6.82M · ±10% · vs last sale $6.20M (Jul 10 2024)
Last sale anchor
$6.20M
Jul 10 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
$2,129 / 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
$24,724
Tax year 2023
Assessed value
$2,601,882
Assessed 2023
Previous assessed
$2,365,347
+10.0% YoY
Effective rate
0.95%
On assessed value
Land market value
$1,338,525
Improvement market value
$1,414,046
Total market value
$2,752,571
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Heating
NONE
Stories
2
Units
1
Total area
2,912 SF
Lot
0.46 ac (20,038 SF)
Zoning code
NAPLES
APN
19014800009
UPID
US18-2549059
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
1985
Heating
NONE
Stories
2
Units
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
990 Partners LLC
Entity
Free & Clear · 2 yrs held
Mailing address
700 11TH ST SPH-3, NAPLES, FL 34102-6777
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2024
$6,200,000
990 Partners LLC
Markit LLC
Warranty Deed
—
Aug 19, 2014
$1,900,000
Markit LLC
First Avenue Building LLC
Warranty Deed
$1,100,000 · Branch Bk&tr
Dec 6, 2005
—
First Avenue Building LLC
Major Donald W Trust
Grant Deed
—
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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