Remodeled Medical Office
For Sale
Contact for pricing
1575 Pine Ridge Rd Suite 19, Naples, FL 34109
Move-in-ready, renovated medical office in desirable Naples corridor.
Property Size2,410 SF
Price / SF$551.45
Days on Market160
Property Features for 1575 Pine Ridge Rd Suite 19
General Information
Standard status
Active
Size
2,410 SF
Class
A
Property subtype
Office
Zoning
PUD – Planned Unit Development (Collier County)
Investment Type
Owner/User
Building Details
Year Built
2004
Year Renovated
2023
Buildings
1
Stories
1
Units
1
Listing Agency:
CRE Consultants
Listed By:
Dave Wallace, CCIM, SIOR · License #FL BK3074374
Source:
Crexi
Added: Mar 3
Changed: Aug 8
Last Checked: Aug 9 at 8:38AM
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 CRE Consultants
Investment Insights
Based on property information with market context.
This is a 2,410 square foot medical office condominium available for purchase. The suite, renovated in 2023, features high ceilings and modern LED lighting. The layout is suitable for medical, wellness, or professional office use. It is located within a mixed-use center with a mix of medical, retail, and office tenants. The property has a parking ratio of 10/1,000, reserved spaces, and signage. No other units are currently available for sale within the property.
Key Highlights
- Fully remodeled in 2023, this move‑in‑ready medical office condominium is ready for your practice.
- Prime Naples location in a desirable commercial corridor.
- Avoid construction delays and costs with a completed renovation.
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
$49,616
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
3.73%
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%
$992,320
$992.3K
Cap Rate 7%
$708,800
$708.8K
Cap Rate 9%
$551,289
$551.3K
Market Conditions
NOI Build-Up for 2,410 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
$72.3K $30.00/SF
− Vacancy
−$6.1K −$2.55/SF
EGI
$66.2K $27.45/SF
− OpEx
−$16.5K −$6.86/SF
NOI
$49.6K $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%
$992,320
Cap Rate 7%
$708,800
Cap Rate 9%
$551,289
Alternative Uses
Best Use
Office B
$708.8K
$620.2K – $826.9K
NOI $49,616 @ 7.0% cap · market cap 3.73%
Second Best
Healthcare Medical
$461.5K
$403.8K – $538.4K
NOI $32,302 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$967.2K
$846.3K – $1.13M
NOI $67,707 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,675
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34109, FL
26,102
Population
16,027
Households
1.6
Avg Household Size
55
Median Age
50%
College-Educated
97%
High-School Grad
12.5 sq mi
ZIP Area
2,088
Density / Sq Mi
$91,073
Median Household Income
$57,422
Median Earnings
$1,873
Median Rent
$628,700
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.
Similar Off Market Nearby
- The Animalife Veterinary Center — 2171 Pine Ridge Rd Suite B, Naples, FL 34109
- NAPLES MOBILE VET CLINIC, LLC — 6359 Old Mahogany Ct, Naples, FL 34109
- Medicat Feline Hospital — 2171 Pine Ridge Rd STE C, Naples, FL 34109
- Foster, Amelia DVM — 2171 Pine Ridge Rd Ste B, Naples, FL 34109
- Erdman Christian DVM — 2171 Pine Ridge Rd # B, Naples, FL 34109, United States
Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in-ready, renovated medical office in desirable Naples corridor.
Where is this medical office space located?
The property is located at 1575 Pine Ridge Rd Suite 19 Naples, FL.
What is the asking price?
The asking price for this property is $1,329,000.
What are key features of this property?
This property features: Fully remodeled in 2023, this move‑in‑ready medical office condominium is ready for your practice.; Prime Naples location in a desirable commercial corridor.; Avoid construction delays and costs with a completed renovation.
