Two-Building Retail
For Sale
Contact for pricing
2180 Santa Barbara Blvd, Naples, FL 34116
Two-building retail property on 0.58 acres.
Property Size3,622 SF
Lot Size0.58 Acres
Price / SF$331.31
Days on Market622
Property Features for 2180 Santa Barbara Blvd
General Information
Standard status
Active
Size
3,622 SF
Lot size
0.58 Acres
Property subtype
RETAIL
Building Details
Buildings
2
Listing Agency:
SVN - Commercial Partners | Miami
(239) 707-1700
Listed By:
Tiffany Luongo
Source:
Moodyscre
Added: Dec 2, 2024
Changed: Aug 8
Last Checked: Aug 16 at 7:27AM
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 SVN - Commercial Partners | Miami
Investment Insights
Based on property information with market context.
Two-building retail property for sale at 2180 Santa Barbara Blvd, Naples, FL 34116. The site contains a 2,120 SF building and a separate 1,502 SF building, giving multiple structures within one parcel.
The property spans 0.58 acres, providing a compact footprint for retail operations that may benefit from separate buildings and flexible space configuration. The two-building setup can support different tenant needs, uses, or layouts depending on how the space is optimized.
This is a straightforward retail offering with clearly defined building sizes and a single-site acreage footprint for buyers seeking retail space with an additional structure on the same parcel.
The property spans 0.58 acres, providing a compact footprint for retail operations that may benefit from separate buildings and flexible space configuration. The two-building setup can support different tenant needs, uses, or layouts depending on how the space is optimized.
This is a straightforward retail offering with clearly defined building sizes and a single-site acreage footprint for buyers seeking retail space with an additional structure on the same parcel.
Key Highlights
- Two buildings total: 2,120 SF and 1,502 SF
- Retail property for sale at 2180 Santa Barbara Blvd, Naples, FL
- Total site size 0.58 acres
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
$44,104
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
3.68%
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%
$882,080
$882.1K
Cap Rate 7%
$630,057
$630.1K
Cap Rate 9%
$490,044
$490.0K
Market Conditions
NOI Build-Up for 3,622 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
$65.6K $18.12/SF
− Vacancy
−$2.6K −$0.72/SF
EGI
$63.0K $17.40/SF
− OpEx
−$18.9K −$5.22/SF
NOI
$44.1K $12.18/SF
Area
Collier County, FL
Vacancy
4.00%
Lease Rate
$18.12 /SF/Yr
Expense Ratio
30.00%
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%
$882,080
Cap Rate 7%
$630,057
Cap Rate 9%
$490,044
Alternative Uses
Best Use
Retail
$630.1K
$551.3K – $735.1K
NOI $44,104 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.70M
NOI $101,757 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
Explore this area
Business Placement
Demographics for 34116, FL
31,538
Population
11,081
Households
2.8
Avg Household Size
37
Median Age
17%
College-Educated
81%
High-School Grad
9.3 sq mi
ZIP Area
3,391
Density / Sq Mi
$69,204
Median Household Income
$35,573
Median Earnings
$1,663
Median Rent
$392,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two-building retail property on 0.58 acres.
Where is this retail space located?
The property is located at 2180 Santa Barbara Blvd Naples, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two buildings total: 2,120 SF and 1,502 SF; Retail property for sale at 2180 Santa Barbara Blvd, Naples, FL; Total site size 0.58 acres
