Air-Conditioned Warehouse with
For Sale
Contact for pricing
16150 Performance Way, Naples, FL 34110
Light Industrial property combines conditioned warehouse space with functional office and staff-support areas.
Property Size11,819 SF
Price / SF$359.59
Days on Market534
Property Features for 16150 Performance Way
General Information
Standard status
Active
Size
11,819 SF
Class
A
Property subtype
Industrial
Zoning
Light Industrial
Building Details
Year Built
2008
Year Renovated
2024
Buildings
1
Stories
1
Units
1
Listing Agency:
Keller Williams Elite Realty
Listed By:
Robert Muller · License #FL 373988
Source:
Crexi
Added: Mar 14, 2025
Changed: Aug 29
Last Checked: Aug 29 at 1:56PM
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 Keller Williams Elite Realty
Investment Insights
Based on property information with market context.
Built in 2008, this Light Industrial property combines a 10,470-square-foot warehouse with integrated office and support areas. The warehouse is fully air-conditioned and provides more than 30 feet of ceiling clearance, along with a loading dock and two overhead doors for receiving and distribution activity.
The office component includes two bathrooms, a kitchen and break room, plus an IT room with storage. The property is located at 16150 Performance Way in Naples, Florida, with access from Old 41. Total property size is 11,819 square feet.
The office component includes two bathrooms, a kitchen and break room, plus an IT room with storage. The property is located at 16150 Performance Way in Naples, Florida, with access from Old 41. Total property size is 11,819 square feet.
Key Highlights
- 10,470‑square‑foot fully air‑conditioned warehouse
- More than 30 feet of ceiling clearance
- Loading dock and 2 overhead doors
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
$243,324
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
5.73%
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%
$4,866,480
$4.9M
Cap Rate 7%
$3,476,057
$3.5M
Cap Rate 9%
$2,703,600
$2.7M
Market Conditions
NOI Build-Up for 11,819 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
$354.6K $30.00/SF
− Vacancy
−$30.1K −$2.55/SF
EGI
$324.4K $27.45/SF
− OpEx
−$81.1K −$6.86/SF
NOI
$243.3K $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%
$4,866,480
Cap Rate 7%
$3,476,057
Cap Rate 9%
$2,703,600
Alternative Uses
Best Use
Office B
$3.48M
$3.04M – $4.06M
NOI $243,324 @ 7.0% cap · market cap 5.73%
Second Best
Warehouse
$1.47M
$1.28M – $1.71M
NOI $102,693 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$4.74M
$4.15M – $5.53M
NOI $332,045 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Well-served
Demand for This Use
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
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Similar Off Market Nearby
- Tiki Town Moving Co. Inc. — 14950 Old, US Hwy 41 Unit 3, Naples, FL 34110
- Extra Space Storage — 14600 Old 41 Rd, Naples, FL 34110
- Otis Elevator Co — 1340 Rail Head Blvd # 9, Naples, FL 34110
- Public Storage — 15800 Old 41 Rd, Naples, FL 34110
- My Other Place — 16129 Performance Way, Naples, FL 34110
Frequently Asked Questions
What type of property is this?
Warehouse - Light Industrial property combines conditioned warehouse space with functional office and staff-support areas.
Where is this warehouse located?
The property is located at 16150 Performance Way Naples, FL.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 10,470‑square‑foot fully air‑conditioned warehouse; More than 30 feet of ceiling clearance; Loading dock and 2 overhead doors
