New Mixed-Use Building in
For Sale
Contact for pricing
180 9th St S, Naples, FL 34102
Commercial condo units for sale in a mixed-use building.
Property Size11,840 SF
Lot Size0.75 Acres
Price / SF$306.84
Days on Market974
Property Features for 180 9th St S
General Information
Standard status
Active
Size
11,840 SF
Class
A
Lot size
0.75 Acres
Property subtype
Mixed Use, Office, Retail
Building Details
Year Built
2024
Buildings
1
Stories
3
Units
4
Listing Agency:
Lee & Associates - Naples
Listed By:
Brock Rasmussen · License #FL 3345374
(239) 209-0458
Source:
Crexi
Added: Feb 9, 2024
Changed: Oct 5
Last Checked: Oct 9 at 8:23PM
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 Lee & Associates - Naples
Investment Insights
Based on property information with market context.
Commercial condo units are available for sale within an 18,051 square foot, three-story mixed-use building constructed in 2024. The building is situated on approximately 0.75 acres and features commercial and office suites, including a fitness center on the first floor. The upper levels house six high-end residential condos. Currently, 3,633 square feet of commercial and office space is available for purchase. Located in Naples, FL, the property offers long-term flexibility for multiple uses and features a luxurious design in a prime location in Olde Naples.
Key Highlights
- Prime location in Olde Naples.
- Newly built in 2024.
- 3,633 square feet of commercial/office space available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$187,812
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,756,240
$3.8M
Cap Rate 7%
$2,683,029
$2.7M
Cap Rate 9%
$2,086,800
$2.1M
Market Conditions
NOI Build-Up for 11,840 SF
Gross rent
$319.7K $27.00/SF
− Vacancy
−$19.2K −$1.62/SF
EGI
$300.5K $25.38/SF
− OpEx
−$112.7K −$9.52/SF
NOI
$187.8K $15.86/SF
Area
Collier County, FL
Vacancy
6.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,756,240
Cap Rate 7%
$2,683,029
Cap Rate 9%
$2,086,800
Alternative Uses
Best Use
Mixed Use
$2.68M
$2.35M – $3.13M
NOI $187,812 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.75M
$4.16M – $5.54M
NOI $332,635 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,167
Businesses Nearby
Explore this area
Business Placement
Demographics for 34102, FL
10,496
Population
9,791
Households
1.1
Avg Household Size
64
Median Age
58%
College-Educated
96%
High-School Grad
5.6 sq mi
ZIP Area
1,874
Density / Sq Mi
$115,927
Median Household Income
$57,254
Median Earnings
$1,491
Median Rent
$1,422,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial condo units for sale in a mixed-use building.
Where is this mixed-use property located?
The property is located at 180 9th St S Naples, FL.
What is the asking price?
The asking price for this property is $3,633,000.
What are key features of this property?
This property features: Prime location in Olde Naples.; Newly built in 2024.; 3,633 square feet of commercial/office space available.
