Versatile Office Condo in
For Sale
$1,695,000
103-3021 Airport Rd N, Naples, FL 34104
Centrally located office condo with flexible space and ample parking.
Property Size4,257 SF
Price / SF$398.17
Days on Market354
Property Features for 103-3021 Airport Rd N
General Information
Standard status
Active
Size
4,257 SF
Listing Agency:
Downing Frye Realty Inc.
(239) 330-9004
Listed By:
Richard Parlante, PA
(239) 330-9004
Source:
Exprealty
Added: Aug 15, 2025
Changed: Jul 10
Last Checked: Jul 31 at 11:52AM
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.
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
NOI $87,641 @ 7.0% cap · market cap 5.17%
Second Best
Healthcare Medical
$815.1K
$713.2K – $951.0K
NOI $57,059 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,597 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,231
Businesses Nearby
Explore this area
Business Placement
Demographics for 34104, FL
25,485
Population
16,062
Households
1.6
Avg Household Size
53
Median Age
33%
College-Educated
91%
High-School Grad
9.9 sq mi
ZIP Area
2,574
Density / Sq Mi
$70,301
Median Household Income
$40,680
Median Earnings
$1,742
Median Rent
$348,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
