Signalized-Corner Office
For Sale
$3,500,000
12840 Tamiami Trl N, Naples, FL 34110
C-3-zoned office property positioned at a signalized US-41 intersection in Collier County.
Property Size8,281 SF
Lot Size0.96 Acres
Price / SF$422.65
Days on Market3423
Property Features for 12840 Tamiami Trl N
General Information
Standard status
Active
Size
8,281 SF
Lot size
0.96 Acres
Property subtype
General Commercial
Zoning
C-3
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$17,402
Amenities
3
Building Details
Year Built
1995
Buildings
1
Stories
1
Building Size
8,281 SF
Listing Agency:
Kunkle Realty LLC
(239) 216-2839
Listed By:
Wes Kunkle
Source:
Xome
Added: Apr 19, 2017
Changed: Aug 31
Last Checked: Aug 31 at 2:59PM
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 Kunkle Realty LLC
Investment Insights
Based on property information with market context.
This 8,281 Sq Ft office building was constructed in 1995 and occupies a 41,818 Sq Ft lot. The property carries C-3 zoning in Collier County, providing a defined commercial classification for the site.
The building is positioned at the signalized US-41 and Imperial Golf Estates corner. Reported traffic volume along the corridor is 52,500 AADT, giving the property a prominent roadside setting for office use.
The building is positioned at the signalized US-41 and Imperial Golf Estates corner. Reported traffic volume along the corridor is 52,500 AADT, giving the property a prominent roadside setting for office use.
Key Highlights
- 8,281 Sq Ft office building constructed in 1995
- 41,818 Sq Ft lot
- C‑3 zoning in Collier County
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
$170,485
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
4.87%
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%
$3,409,700
$3.4M
Cap Rate 7%
$2,435,500
$2.4M
Cap Rate 9%
$1,894,278
$1.9M
Market Conditions
NOI Build-Up for 8,281 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
$248.4K $30.00/SF
− Vacancy
−$21.1K −$2.55/SF
EGI
$227.3K $27.45/SF
− OpEx
−$56.8K −$6.86/SF
NOI
$170.5K $20.59/SF
Area
Collier County, FL
Vacancy
8.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$3,409,700
Cap Rate 7%
$2,435,500
Cap Rate 9%
$1,894,278
Alternative Uses
Best Use
Office B
$2.44M
$2.13M – $2.84M
NOI $170,485 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.32M
$2.91M – $3.88M
NOI $232,648 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Explore this area
Business Placement
Demographics for 34110, FL
24,093
Population
18,394
Households
1.3
Avg Household Size
63
Median Age
52%
College-Educated
96%
High-School Grad
16.0 sq mi
ZIP Area
1,506
Density / Sq Mi
$95,275
Median Household Income
$58,470
Median Earnings
$2,068
Median Rent
$529,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - C-3-zoned office property positioned at a signalized US-41 intersection in Collier County.
Where is this office building located?
The property is located at 12840 Tamiami Trl N Naples, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 8,281 Sq Ft office building constructed in 1995; 41,818 Sq Ft lot; C‑3 zoning in Collier County
