Single-Story Flex
For Sale
$4,831,200
1791 Trade Center Way, Naples, FL 34109
Four-unit commercial property with current occupancy and future flexibility for an owner-user business.
Property Size12,078 SF
Price / SF$400
Days on Market127
Property Features for 1791 Trade Center Way
General Information
Standard status
Active
Size
12,078 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Asking Price
$4,831,200
Office Units
4
Building Details
Year Built
1996
Buildings
1
Stories
1
Building Size
12,078 SF
Tenancy
Multi
Listing Agency:
Bartley Realty LLLP
(239) 784-3283
Listed By:
David Bartley, Sr · License #249512089
Source:
Napleshomesearcher
Added: Apr 24
Changed: Aug 28
Last Checked: Aug 25 at 7:19AM
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
Investment Insights
Based on property information with market context.
Built in 1996, this single-story flex property contains 12,078 square feet divided among four units. The configuration supports office, showroom, service, distribution, warehouse, and light industrial operations, providing a range of functional options within one commercial building.
The property is currently 100% leased, with staggered lease expirations that create future occupancy flexibility. An owner-user could potentially occupy approximately 6,501 square feet while retaining leased space for rental income. The building is located at 1791 Trade Center Way in Naples, Florida.
The property is currently 100% leased, with staggered lease expirations that create future occupancy flexibility. An owner-user could potentially occupy approximately 6,501 square feet while retaining leased space for rental income. The building is located at 1791 Trade Center Way in Naples, Florida.
Key Highlights
- 12,078‑square‑foot single‑story commercial building
- Four‑unit configuration with office, showroom, service, distribution, warehouse, and light industrial use potential
- Currently 100% leased
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
$248,656
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
5.15%
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%
$4,973,120
$5.0M
Cap Rate 7%
$3,552,229
$3.6M
Cap Rate 9%
$2,762,844
$2.8M
Market Conditions
NOI Build-Up for 12,078 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
$362.3K $30.00/SF
− Vacancy
−$30.8K −$2.55/SF
EGI
$331.5K $27.45/SF
− OpEx
−$82.9K −$6.86/SF
NOI
$248.7K $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%
$4,973,120
Cap Rate 7%
$3,552,229
Cap Rate 9%
$2,762,844
Alternative Uses
Best Use
Office B
$3.55M
$3.11M – $4.14M
NOI $248,656 @ 7.0% cap · market cap 5.15%
Second Best
Warehouse
$1.50M
$1.31M – $1.75M
NOI $104,943 @ 7.0% cap · market cap 2.17%
Theoretical Best
Office A
$4.85M
$4.24M – $5.66M
NOI $339,322 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,243
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
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Similar Off Market Nearby
- Moe's Southwest Grill — 6434 Naples Blvd, Naples, FL 34109
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- Cappelli's Kitchen — 1810 J and C Blvd STE 9, Naples, FL 34109
- My Fusion Catering — 6561 Taylor Rd, Naples, FL 34109
Frequently Asked Questions
What type of property is this?
Flex space - Four-unit commercial property with current occupancy and future flexibility for an owner-user business.
Where is this flex space located?
The property is located at 1791 Trade Center Way Naples, FL.
What is the asking price?
The asking price for this property is $4,831,200.
What are key features of this property?
This property features: 12,078‑square‑foot single‑story commercial building; Four‑unit configuration with office, showroom, service, distribution, warehouse, and light industrial use potential; Currently 100% leased
