Building Details

Building Size 22,086 SF

Year Built 2025

Construction concrete block and steel

Listing Agency: Bartley Realty LLLP Show Phone

Listed By: David Bartley, Sr Show Phone

Source: Gulfcoastrealtynaples

Added: May 4, 2023 Changed: Oct 27 Last Checked: Oct 27 at 4:24AM

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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 Bartley Realty LLLP

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Investment Insights

Based on property information with market context.

Built in 2025, this automotive condominium in Naples features a climate-controlled interior, epoxy flooring and a finished mezzanine. Vehicle entry is provided by two electric overhead doors, each measuring 14' x 14'. The space also includes an ADA restroom, impact-resistant windows and doors, 3-phase power, and fire alarm and suppression systems.

Construction consists of hurricane-rated concrete block and steel. The interior configuration accommodates vehicle storage, private entertaining and related automotive uses.

Key Highlights

• Climate‑controlled automotive condominium with epoxy flooring and finished mezzanine
• Two electric overhead doors measuring 14' x 14' each
• Hurricane‑rated concrete block and steel construction

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$148,594

Cap Rate

5.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,971,880 $3.0M

Cap Rate 7%

$2,122,771 $2.1M

Cap Rate 9%

$1,651,044 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 22,086 SF

Gross rent

$220.0K $9.96/SF

− Vacancy

−$7.7K −$0.35/SF

EGI

$212.3K $9.61/SF

− OpEx

−$63.7K −$2.88/SF

NOI

$148.6K $6.73/SF

Area

Collier County, FL

Vacancy

3.50%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,971,880

Cap Rate 7%

$2,122,771

Cap Rate 9%

$1,651,044

Alternative Uses

Best Use

Retail

$3.84M

$3.36M – $4.48M (±1% cap)

NOI $268,933 @ 7.0% cap · market cap 10.34%

Second Best

Industrial

$2.12M

$1.86M – $2.48M (±1% cap)

NOI $148,594 @ 7.0% cap · market cap 5.72%

Theoretical Best

Office A

$8.86M

$7.76M – $10.34M (±1% cap)

NOI $620,489 @ 7.0% cap · market cap 23.86%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Parking lots & garages

Suggested Use

Top Pick HVAC Service Garden Center Auto Parts Store Building Supply Electrical Service Parking Lot & Garage

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

Lease Details

Yes

Sprinkler system

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

851

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 34117, FL

16,408

Population

5,796

Households

2.8

Avg Household Size

41

Median Age

20%

College-Educated

89%

High-School Grad

137.4 sq mi

ZIP Area

119

Density / Sq Mi

$106,155

Median Household Income

$48,466

Median Earnings

$1,771

Median Rent

$416,300

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

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Frequently Asked Questions

What type of property is this?

Automotive property - A finished mezzanine complements the climate-controlled interior for vehicle storage and private entertaining.

Where is this automotive property located?

The property is located at 3584 Plover AVE 101 102 Naples, FL.

What is the asking price?

The asking price for this property is $2,600,000.

What are key features of this property?

This property features: Climate‑controlled automotive condominium with epoxy flooring and finished mezzanine; Two electric overhead doors measuring 14' x 14' each; Hurricane‑rated concrete block and steel construction