Building Details

Year Built 1957

Listing Agency: Investment Properties Corporation of Naples

Listed By: Christine McManus · License #FL 653823 Show Phone

Source: Crexi

Added: Sep 29, 2023 Changed: Sep 2 Last Checked: Sep 8 at 4:57AM

Report an Issue

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 Investment Properties Corporation of Naples

Investment Insights

Based on property information with market context.

A 4,700 square foot building situated on 2.09 acres is available for purchase. The property is zoned C-5. Owner financing is available with 25% down.

Key Highlights

• 4,700 SF building on 2.09 acres
• Zoned C‑5
• Owner financing available

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

$57,230

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

4.41%

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%

$1,144,600 $1.1M

Cap Rate 7%

$817,571 $817.6K

Cap Rate 9%

$635,889 $635.9K

Market Conditions

NOI Build-Up for 4,700 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

$85.2K $18.12/SF

− Vacancy

−$3.4K −$0.72/SF

EGI

$81.8K $17.40/SF

− OpEx

−$24.5K −$5.22/SF

NOI

$57.2K $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%

$1,144,600

Cap Rate 7%

$817,571

Cap Rate 9%

$635,889

Alternative Uses

Best Use

Retail

$817.6K

$715.4K – $953.8K (±1% cap)

NOI $57,230 @ 7.0% cap · market cap 4.41%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.89M

$1.65M – $2.20M (±1% cap)

NOI $132,043 @ 7.0% cap · market cap 10.16%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Dental Office Law Firm Gym & Fitness Center Butcher Spa & Massage Center Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

256

Businesses Nearby

20k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 94% Electronics 6%

Citgo Shops & Services

8,574 visits/mo 0.4 miles

Family Dollar Shops & Services

8,348 visits/mo 0.2 miles

Capital Pawn Shops & Services

1,910 visits/mo 0.3 miles

Boost Mobile Electronics

1,298 visits/mo 0.3 miles

Demographics for 34142, FL

31,327

Population

10,002

Households

3.1

Avg Household Size

30

Median Age

15%

College-Educated

63%

High-School Grad

625.9 sq mi

ZIP Area

50

Density / Sq Mi

$57,656

Median Household Income

$27,809

Median Earnings

$989

Median Rent

$296,400

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Contemporary Corner Residential Income Property

5683 Mayflower Way, Ave Maria, FL 34142

$325,000

1,815 SF

View details

Lakefront Duplex Villa with Screened Lanai

6138 Triumph Ln, Ave Maria, FL 34142

$344,900

1,554 SF

View details

Lakefront Duplex with Den

6238 Revelry Ct, Ave Maria, FL 34142

$375,000

1,533 SF

View details

Frequently Asked Questions

What type of property is this?

Retail space - 4,700 SF retail building on 2.09 acres available.

Where is this retail space located?

The property is located at 106 Dixie Avenue East Ave Maria, FL.

What is the asking price?

The asking price for this property is $1,299,000.

What are key features of this property?

This property features: 4,700 SF building on 2.09 acres; Zoned C‑5; Owner financing available