Built-Out Restaurant with Exterior
New
For Sale
Contact for pricing
1585 Pine Ridge Rd Unit #5, Naples, FL 34109
Remodeled kitchen with indoor and outdoor bar service supports flexible dining and entertainment configurations.
Property Size6,309 SF
Price / SF$569.03
Days on Market4
Property Features for 1585 Pine Ridge Rd Unit #5
General Information
Standard status
Active
Size
6,309 SF
Property subtype
Retail
Additional Details
Patio
Yes
Listing Agency:
Investment Properties Corporation of Naples
Listed By:
Christine McManus · License #FL 653823
(239) 261-3400
Source:
Crexi
Added: Sep 10
Changed: Sep 12
Last Checked: Sep 13 at 6:09AM
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 Investment Properties Corporation of Naples
Investment Insights
Based on property information with market context.
This 6,309-square-foot restaurant space is fully built out with 1,500 square feet of exterior seating and a 365° bar providing service indoors and outdoors. The recently remodeled kitchen is complemented by a $100,000 sound and lighting package. Seating accommodates 180 guests inside and 80 outside in the standard layout, or up to 300 indoors when arranged as a dance club.
The property is positioned on Pine Ridge Road in Naples’ central commercial corridor and includes parking for more than 300 cars. Its existing improvements combine restaurant infrastructure, outdoor dining, bar service, and entertainment-oriented equipment in one operating venue.
The property is positioned on Pine Ridge Road in Naples’ central commercial corridor and includes parking for more than 300 cars. Its existing improvements combine restaurant infrastructure, outdoor dining, bar service, and entertainment-oriented equipment in one operating venue.
Key Highlights
- 6,309 SF of interior restaurant space
- 1,500 SF of exterior seating
- 365° bar with interior and exterior service
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
$124,563
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
3.47%
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%
$2,491,260
$2.5M
Cap Rate 7%
$1,779,471
$1.8M
Cap Rate 9%
$1,384,033
$1.4M
Market Conditions
NOI Build-Up for 6,309 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
$170.3K $27.00/SF
− Vacancy
−$4.3K −$0.68/SF
EGI
$166.1K $26.33/SF
− OpEx
−$41.5K −$6.58/SF
NOI
$124.6K $19.74/SF
Area
Collier County, FL
Vacancy
2.50%
Lease Rate
$27.00 /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%
$2,491,260
Cap Rate 7%
$1,779,471
Cap Rate 9%
$1,384,033
Alternative Uses
Best Use
Specialty Retail
$1.78M
$1.56M – $2.08M
NOI $124,563 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.53M
$2.22M – $2.95M
NOI $177,246 @ 7.0% cap · market cap 4.94%
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
1,502
Businesses Nearby
Under-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Remodeled kitchen with indoor and outdoor bar service supports flexible dining and entertainment configurations.
Where is this conventional restaurant located?
The property is located at 1585 Pine Ridge Rd Unit #5 Naples, FL.
What is the asking price?
The asking price for this property is $3,590,000.
What are key features of this property?
This property features: 6,309 SF of interior restaurant space; 1,500 SF of exterior seating; 365° bar with interior and exterior service
