Single-Story Four-Unit Commercial
For Sale
Contact for pricing
1791 TRADE CTR WAY, Naples, FL 34109
Four-unit single-story building in Naples offers flexible space for owner-occupancy with additional long-term tenant income.
Property Size12,078 SF
Price / SF$400
Days on Market68
Property Features for 1791 TRADE CTR WAY
General Information
Standard status
Active
Size
12,078 SF
Class
C
Property subtype
Industrial
Zoning
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Owner/User
Net Operating Income
$188,892
Building Details
Year Built
1996
Buildings
1
Stories
1
Units
5
Tenancy
Multi
Listing Agency:
Bartley Realty
(239) 784-3283
Listed By:
David R. Bartley Sr. · License #FL 3249994
Source:
Crexi
Added: Jun 4
Changed: Aug 8
Last Checked: Aug 8 at 12:56PM
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 Bartley Realty
Investment Insights
Based on property information with market context.
1791 Trade Center Way is a single-story, four-unit commercial building totaling 12,078 square feet, offering a flexible layout designed to support a range of light commercial uses. The property is structured to accommodate an owner-user, with one unit sized for occupancy while the remaining units generate rental income from long-term tenants.
The building is located in Naples, Florida along a commercial corridor described as one of the area’s most desirable. This setting is intended for businesses seeking a consistent operating base while maintaining exposure to rental cash flow from the other leased units.
From a tenant or owner-user perspective, the flexibility of the layout supports uses such as office, showroom, service, distribution, or light industrial. The four-unit configuration provides an opportunity to control a meaningful portion of the property for your own operations while benefiting from existing leases that may help offset operating expenses. For buyers looking for a manageable owner-occupied commercial setup in Naples, this property’s combination of flexible space and multiple long-term tenants is built around practical day-to-day occupancy planning.
The building is located in Naples, Florida along a commercial corridor described as one of the area’s most desirable. This setting is intended for businesses seeking a consistent operating base while maintaining exposure to rental cash flow from the other leased units.
From a tenant or owner-user perspective, the flexibility of the layout supports uses such as office, showroom, service, distribution, or light industrial. The four-unit configuration provides an opportunity to control a meaningful portion of the property for your own operations while benefiting from existing leases that may help offset operating expenses. For buyers looking for a manageable owner-occupied commercial setup in Naples, this property’s combination of flexible space and multiple long-term tenants is built around practical day-to-day occupancy planning.
Key Highlights
- 12,078 SF single‑story commercial building built in 1996
- Four‑unit property with flexible space for office, showroom, service, distribution, or light industrial users
- Owner‑occupy approximately 6,501 SF while generating income from remaining long‑term leased units
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
Retail
$2.10M
$1.84M – $2.45M
NOI $147,069 @ 7.0% cap · market cap 3.04%
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Moe's Southwest Grill — 6434 Naples Blvd, Naples, FL 34109
- My Fusion Catering — 6561 Taylor Rd, Naples, FL 34109
- Cappelli's Kitchen — 1810 J and C Blvd STE 9, Naples, FL 34109
- Paellas On Wheels — 6101 Shirley St, Naples, FL 34109
Frequently Asked Questions
What type of property is this?
Flex space - Four-unit single-story building in Naples offers flexible space for owner-occupancy with additional long-term tenant income.
Where is this flex space located?
The property is located at 1791 TRADE CTR 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 SF single‑story commercial building built in 1996; Four‑unit property with flexible space for office, showroom, service, distribution, or light industrial users; Owner‑occupy approximately 6,501 SF while generating income from remaining long‑term leased units
