Multi-Use Auto Service
For Sale
$1,350,000
525 Production Blvd, Naples, FL 34104
A 4,700-sqft warehouse is divided into office, small garage, and an auto repair shop with bay door access.
Property Size4,700 SF
Price / SF$287.23
Days on Market3092
Property Features for 525 Production Blvd
General Information
Standard status
Active
Size
4,700 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$5,211
Amenities
3
Trash Collection.
Building Details
Year Built
1991
Stories
1
Tenancy
Multi
Listing Agency:
Downing Frye Realty Inc.
(239) 261-2244
Listed By:
Ashley Coburn
Source:
Xome
Added: Mar 24, 2018
Changed: Sep 1
Last Checked: Sep 8 at 3:43AM
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.
This 4,700-sqft warehouse is currently configured into three separate spaces. The front space includes an air-conditioned office and a bay door with warehouse/storage area. A second space functions as a small garage. The rear portion is set up as an auto repair shop, and the owner occupies this area but would vacate upon sale.
Two of the spaces are occupied by tenants on month-to-month terms.
The property is offered for sale as a multi-use warehouse with both office and automotive support components in place.
Two of the spaces are occupied by tenants on month-to-month terms.
The property is offered for sale as a multi-use warehouse with both office and automotive support components in place.
Key Highlights
- 4,700‑sqft warehouse divided into 3 spaces: office/warehouse, small garage, and an auto repair shop
- Front space includes an air‑conditioned office plus warehouse area with bay door access
- Rear space is set up as an auto repair shop and occupies about 1/2 of the total building
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
4.24%
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
NOI $57,230 @ 7.0% cap · market cap 4.24%
Second Best
Warehouse
$583.4K
$510.5K – $680.6K
NOI $40,837 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,043 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,214
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A 4,700-sqft warehouse is divided into office, small garage, and an auto repair shop with bay door access.
Where is this flex space located?
The property is located at 525 Production Blvd Naples, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 4,700‑sqft warehouse divided into 3 spaces: office/warehouse, small garage, and an auto repair shop; Front space includes an air‑conditioned office plus warehouse area with bay door access; Rear space is set up as an auto repair shop and occupies about 1/2 of the total building
