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Property profile & analytics
OFF-MARKET
Estimated value
$1,715,000
Office buildings
990 Tamiami N Trl Naples, FL 34102-5403
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-3863416
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
6,421 SF
Lot
1.01 ac (43,996 SF)
Zoning code
NAPLES
APN
11180080007
UPID
US18-3863416
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
-
Dr. Adam Riker - South Florida Surgical Oncology Physician
-
Quail Peter J Physician
-
Dr. David Wilkinson Physician Medical Clinic
-
South Florida Surgical Oncology, part of the GenesisCare network Medical Clinic Hospital
-
Florida Gynecologic Oncology, part of the GenesisCare network Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.17M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.72M
Owner & transaction history
Spirit Master Funding Vii LLC · 12 yrs held
Spirit Master Funding Vii LLC
since 2014
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,350,000
6.5%
$2,170,000
7%
$2,015,000
Blend value · Realmo final
$1.72M
Range $1.54M – $1.89M · ±10%
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
$267 / 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
$42,909
Tax year 2023
Assessed value
$4,636,995
Assessed 2023
Previous assessed
$4,405,123
+5.3% YoY
Effective rate
0.93%
On assessed value
Assessed land
$2,983,500
Assessed improvement
$1,653,495
Land market value
$2,983,500
Improvement market value
$1,653,495
Total market value
$4,636,995
Applied tax rate
4.0000
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
2002
Heating
NONE
Stories
2
Units
1
Total area
6,421 SF
Lot
1.01 ac (43,996 SF)
Zoning code
NAPLES
APN
11180080007
UPID
US18-3863416
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
2002
Heating
NONE
Stories
2
Units
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Spirit Master Funding Vii LLC
Entity
Mailing address
2270 COLONIAL BLVD, FORT MYERS, FL 33907-1412
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2014
—
Spirit Master Funding Vii LLC
Spirit Spe Portfolio 2012-3 LLC
Special Warranty Deed
$7,300,000 · Citibank NA
Sep 4, 2012
$6,736,018
Spirit Spe Portfolio 2012-3 Ll
Specialists Of Urology Building P
Grant Deed
—
Dec 7, 2004
—
Specialists Of Urology Building P
—
Trustees Deed
related
$1,800 · Bank Of Florida NA
Sep 17, 2004
—
Specialists Of Urology Building P
—
Trustees Deed
related
$857,347 · Bank Of Florida NA
Apr 13, 2001
—
Specialists Urology Building
—
Trustees Deed
related
$4,250,000 · Citizens Nat'l Bank Sw Florida
Dec 30, 1999
$1,330,000
Specialists In Urology Buildin
Townsend,grady M
Grant Deed
$1,000,000 · Seller
—
—
Specialists Of Urology Building P
—
Deed Of Trust
related
$2,962,865 · Bank Of Florida Sw
—
—
Specialists Of Urology Building P
—
Deed Of Trust
related
$42,653 · Bank Of Florida 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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