Office and Medical Condo
For Sale
Contact for pricing
2335 9th St N Unit 404, Naples, FL 34103
Move-in-ready unit with newly painted interior and HOA-managed exterior maintenance, trash, and recycling.
Property Size1,130 SF
Price / SF$230.09
Days on Market80
Property Features for 2335 9th St N Unit 404
General Information
Standard status
Active
Size
1,130 SF
Property subtype
Office
Building Details
Year Built
1984
Year Renovated
2018
Listing Agency:
CRE Consultants
(239) 659-1447
Listed By:
David Wallace · License #FL 3305821
Source:
Crexi
Added: Jun 8
Changed: Aug 25
Last Checked: Aug 24 at 11:41PM
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 CRE Consultants
Investment Insights
Based on property information with market context.
This move-in-ready office and medical condo unit is presented in clean, updated condition, with newly painted exterior and newly painted interior finishes. The space is well suited for a small professional or medical practice looking for an end-user-ready environment.
The property is located at 2335 9th St N, Unit 404, Naples, with easy access and frontage on US 41 (Tamiami Trail North). It is described as being within minutes of 5th Avenue, NCH, and a range of nearby restaurants and retail options, supporting day-to-day convenience for patients, clients, and staff.
From an operating standpoint, the HOA fees cover exterior maintenance along with trash and recycling, reducing the number of property-level items a tenant or owner would need to manage directly. This combination of a ready-to-occupy space and HOA-supported building services makes the unit a practical fit for small medical or professional businesses seeking straightforward ownership or occupancy.
The property is located at 2335 9th St N, Unit 404, Naples, with easy access and frontage on US 41 (Tamiami Trail North). It is described as being within minutes of 5th Avenue, NCH, and a range of nearby restaurants and retail options, supporting day-to-day convenience for patients, clients, and staff.
From an operating standpoint, the HOA fees cover exterior maintenance along with trash and recycling, reducing the number of property-level items a tenant or owner would need to manage directly. This combination of a ready-to-occupy space and HOA-supported building services makes the unit a practical fit for small medical or professional businesses seeking straightforward ownership or occupancy.
Key Highlights
- Move‑in‑ready office/medical condo with newly painted interior and exterior
- Year built 1984
- HOA fees cover exterior maintenance, trash, and recycling
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
$23,264
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
8.95%
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%
$465,280
$465.3K
Cap Rate 7%
$332,343
$332.3K
Cap Rate 9%
$258,489
$258.5K
Market Conditions
NOI Build-Up for 1,130 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
$33.9K $30.00/SF
− Vacancy
−$2.9K −$2.55/SF
EGI
$31.0K $27.45/SF
− OpEx
−$7.8K −$6.86/SF
NOI
$23.3K $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%
$465,280
Cap Rate 7%
$332,343
Cap Rate 9%
$258,489
Alternative Uses
Best Use
Office B
$332.3K
$290.8K – $387.7K
NOI $23,264 @ 7.0% cap · market cap 8.95%
Second Best
Healthcare Medical
$216.4K
$189.3K – $252.4K
NOI $15,146 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$453.5K
$396.8K – $529.1K
NOI $31,746 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,431
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34103, FL
11,822
Population
10,443
Households
1.1
Avg Household Size
63
Median Age
59%
College-Educated
97%
High-School Grad
3.9 sq mi
ZIP Area
3,031
Density / Sq Mi
$115,262
Median Household Income
$57,831
Median Earnings
$2,039
Median Rent
$938,200
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in-ready unit with newly painted interior and HOA-managed exterior maintenance, trash, and recycling.
Where is this medical office space located?
The property is located at 2335 9th St N Unit 404 Naples, FL.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Move‑in‑ready office/medical condo with newly painted interior and exterior; Year built 1984; HOA fees cover exterior maintenance, trash, and recycling
