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    Versatile Office Condo in Naples Title is generated by Realmo AI

    103-3021 Airport Rd N, Naples, FL 34104

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    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/SF
    Added:
    Aug 15, 2025
    Days on Market:
    288
    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

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    Listing Contact
    Richard Parlante, PA

    Listing agent Richard Parlante, PA

    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.

    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.
    • Spacious 4,257 sq ft first‑floor condo with flexible layout.
    • New roof (approx. 2 years old) and relatively new A/C units (approx. 5 years old).
    • Ample parking for clients and staff.

    Overview

    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.

    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.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Naples
    County
    Collier
    State
    Florida
    Longitude
    -81.7663594
    Latitude
    26.1536006

    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.
    More about this property
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