Prime Retail Space on US
For Sale
Contact for pricing
10001 Tamiami Trl E, Naples, FL 34113
Freestanding 24,833 SF retail building with high visibility.
Property Size24,833 SF
Price / SF$213.43
Days on Market333
Property Features for 10001 Tamiami Trl E
General Information
Standard status
Active
Size
24,833 SF
Property subtype
Industrial, Office, Retail
Zoning
C-4
Building Details
Year Built
1984
Buildings
1
Stories
1
Listing Agency:
Lee & Associates - Naples
(239) 209-0458
Listed By:
Gary Barlow · License #SL3068463
Source:
Crexi
Added: Sep 30, 2025
Changed: Aug 21
Last Checked: Aug 26 at 10:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Naples
Investment Insights
Based on property information with market context.
This free-standing retail site, encompassing 24,833 square feet, is a former Lenny's Furniture location that offers exceptional visibility and accessibility directly along US 41. Positioned in a highly sought-after area, this property is rarely available, making it an attractive opportunity for retailers looking to establish a presence in a prime location. The generous square footage provides ample space for a variety of retail uses, while its prominent location ensures that it captures the attention of both local and passing traffic. With its strategic positioning on a major thoroughfare, this site is poised to attract significant footfall and drive business growth, making it an ideal choice for any retailer aiming to thrive in a competitive market.
Key Highlights
- Prime location directly on US 41 with exceptional visibility and accessibility.
- Large 24,833 square foot free‑standing retail space.
- Rarely available property in a highly sought‑after area.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$302,383
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,047,660
$6.0M
Cap Rate 7%
$4,319,757
$4.3M
Cap Rate 9%
$3,359,811
$3.4M
Market Conditions
NOI Build-Up for 24,833 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$450.0K $18.12/SF
− Vacancy
−$18.0K −$0.72/SF
EGI
$432.0K $17.40/SF
− OpEx
−$129.6K −$5.22/SF
NOI
$302.4K $12.18/SF
Area
Collier County, FL
Vacancy
4.00%
Lease Rate
$18.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,047,660
Cap Rate 7%
$4,319,757
Cap Rate 9%
$3,359,811
Alternative Uses
Best Use
Retail
$4.32M
$3.78M – $5.04M
NOI $302,383 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.97M
$8.72M – $11.63M
NOI $697,663 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
758
Businesses Nearby
Explore this area
Business Placement
Demographics for 34113, FL
23,740
Population
16,461
Households
1.4
Avg Household Size
57
Median Age
40%
College-Educated
87%
High-School Grad
25.9 sq mi
ZIP Area
917
Density / Sq Mi
$76,539
Median Household Income
$37,070
Median Earnings
$1,888
Median Rent
$450,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding 24,833 SF retail building with high visibility.
Where is this retail space located?
The property is located at 10001 Tamiami Trl E Naples, FL.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: Prime location directly on US 41 with exceptional visibility and accessibility.; Large 24,833 square foot free‑standing retail space.; Rarely available property in a highly sought‑after area.
