Single-Story Office
For Sale
$3,095,000
Pending
1425 Creech Rd, Naples, FL 34103
Commercial Sale, NAPLES, FL
Property Size9,127 SF
Lot Size1.00 Acre
Days on Market96
Property Features for 1425 Creech Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-4
Parking
36
Standard status
Pending
APN
61947480007
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Description
N I C L F 22 49 25 W 318.24FT OF E 418.24FT OF S1/2 OF LOT 82
Legal Description
N I C L F 22 49 25 W 318.24FT OF E 418.24FT OF S1/2 OF LOT 82
Building Details
Year built
1992
Floors in Building
1
Listing Agency:
Berkshire Hathaway FL Realty
(239) 659-2400
Listed By:
Michael Mazzei · License #BK 3492137
(888) 534-1116
Added: Jun 23
Changed: Sep 22
Last Checked: Sep 26 at 6:06PM
MLS# 226029605
Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This single-story office property provides approximately 9,127 square feet of commercial space on a 1-acre site. Built in 1992, the property includes surface parking and is configured for professional office use, with compatibility for healthcare-related operations. C-4 zoning further identifies the site for commercial purposes.
Located at 1425 Creech Rd in Naples, the property sits within the primary commercial corridor serving Collier County. Its central Naples position and accessible layout support a range of office-oriented configurations, including medical, dental, specialty healthcare, legal, wealth management, family office, wellness, educational, and institutional uses identified for the property.
Located at 1425 Creech Rd in Naples, the property sits within the primary commercial corridor serving Collier County. Its central Naples position and accessible layout support a range of office-oriented configurations, including medical, dental, specialty healthcare, legal, wealth management, family office, wellness, educational, and institutional uses identified for the property.
Key Highlights
- Approximately 9,127 square feet of commercial space
- 1‑acre site with surface parking
- Single‑story office configuration
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
$187,902
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
6.07%
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%
$3,758,040
$3.8M
Cap Rate 7%
$2,684,314
$2.7M
Cap Rate 9%
$2,087,800
$2.1M
Market Conditions
NOI Build-Up for 9,127 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
$273.8K $30.00/SF
− Vacancy
−$23.3K −$2.55/SF
EGI
$250.5K $27.45/SF
− OpEx
−$62.6K −$6.86/SF
NOI
$187.9K $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%
$3,758,040
Cap Rate 7%
$2,684,314
Cap Rate 9%
$2,087,800
Alternative Uses
Best Use
Office B
$2.68M
$2.35M – $3.13M
NOI $187,902 @ 7.0% cap · market cap 6.07%
Second Best
Healthcare Medical
$1.75M
$1.53M – $2.04M
NOI $122,334 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$3.66M
$3.21M – $4.27M
NOI $256,416 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,338
Businesses Nearby
Explore this area
Business Placement
Demographics for 34103, FL
11,822
Population
10,443
Households
1.1
Avg Household Size
63
Median Age
59%
College-Educated
97%
High-School Grad
3.9 sq mi
ZIP Area
3,031
Density / Sq Mi
$115,262
Median Household Income
$57,831
Median Earnings
$2,039
Median Rent
$938,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - C-4-zoned commercial property with surface parking and professional or healthcare office suitability.
Where is this office building located?
The property is located at 1425 Creech Rd Naples, FL.
What is the asking price?
The asking price for this property is $3,095,000.
What are key features of this property?
This property features: Approximately 9,127 square feet of commercial space; 1‑acre site with surface parking; Single‑story office configuration
