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Versatile Office Condo in Naples

103-3021 Airport Rd N Naples, FL 34104

Claim this Listing
For Sale
$1,695,000

Centrally located office condo with flexible space and ample parking.

Property size:
4,257 SF
Price / SF:
$398.17/SF
Added:
Aug 15, 2025
Days on Market:
334
Last Refresh:
May 27 at 11:31 am

Property Features for 103-3021 Airport Rd N

General Information

Standard status
Active
Size
4,257 SF

Listing office Downing Frye Realty Inc.

Listing date Aug 15, 2025

Source Exprealty

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 Downing Frye Realty Inc.


Investment Insights

Based on property information with market context.

Located on Airport Pulling Road in Naples, across from Grey Oaks subdivision and adjacent to Poinciana Elementary School, this office condo offers accessibility to I-75, downtown Naples, North Naples, East Naples, and Naples South. Situated on the first floor inside the Centennial Bank Building, the property has C3 zoning, allowing for a variety of uses. Originally designed as a medical office, the space can be adapted into various office environments, such as a law firm, insurance company, or real estate office. Constructed in 2006, the condo provides approximately 4,257 square feet of space, featuring three A/C units (approximately 5 years old) and a new roof (approximately 2 years old). Ample parking is available. The common area foyer features marble inlays and a dome ceiling. Inside, there is a waiting area with LED lighting, crown moldings, and plantation shutters. Bamboo flooring extends through most of the 16 rooms, with some carpeted areas. Key features include a kitchen area, a conference room with a tray ceiling, private office space, two storage/utility rooms, two restrooms and one unisex restroom, and a reception area with sliding glass windows. There is also a medical records or flex room, a built-in wall safe, and an electronics room, with cabinetry and storage space. The condo can accommodate traditional office space or a flexible space solution.

Key Highlights

  • Price reduced $300,000 below recent appraisal.
  • Prime central Naples location on Airport Pulling Road with quick access to I‑75 and various Naples areas.
  • Versatile C3 zoning allows for a wide variety of business uses.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $127.7k $30.00
− Vacancy −$10.9k −$2.55
EGI $116.9k $27.45
− OpEx −$29.2k −$6.86
NOI $87.6k $20.59
4,257 SF · lease $30.00/SF/yr · vacancy 8.50% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.25M
$1.10M – $1.46M (±1% cap)
NOI $87,641 @ 7.0% cap · market cap 5.17%
Second Best
Healthcare Medical
$815.1K
$713.2K – $951.0K (±1% cap)
NOI $57,059 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M (±1% cap)
NOI $119,597 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Dental Office Pharmacy Parking Lot & Garage Veterinary Clinic (Bike/Boat/Book/etc) Store Grocery & Convenience Store Grocery & Convenience Store Wine and Liquor Store Pet Store Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office units - Centrally located office condo with flexible space and ample parking.
Where is this office units located?
The property is located at 103-3021 Airport Rd N Naples, FL.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Price reduced $300,000 below recent appraisal.; Prime central Naples location on Airport Pulling Road with quick access to I‑75 and various Naples areas.; Versatile C3 zoning allows for a wide variety of business uses.
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