Commercial Land with Existing
New
For Sale
$23,500,000
2626 Goodlette-Frank Rd N, Naples, FL 34103
Commercial Sale, NAPLES, FL
Property Size36,000 SF
Lot Size2.90 Acres
Price / SF$652.78
Days on Market1
Property Features for 2626 Goodlette-Frank Rd N
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
61941600100
Size
36,000 SF
Lot size
2.90 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N I C L F 27 49 25 A PORTION OF LOTS 13,14 AND 15 DESC AS: COM SW CNR LOT 12, N 89DEG 26' 51"E 20FT, N 39'49"W 590FT TO POB, CONT N 39'49"W 420FT, N 89DEG 20'11"E 196.54FT, S 30 DEG 28'42"E 396.02FT, S 59DEG 31'18"W 153.66FT, S 89DEG 20' 11"W 260.12F T TO
Tax Annual Amount
58543
Legal Description
N I C L F 27 49 25 A PORTION OF LOTS 13,14 AND 15 DESC AS: COM SW CNR LOT 12, N 89DEG 26' 51"E 20FT, N 39'49"W 590FT TO POB, CONT N 39'49"W 420FT, N 89DEG 20'11"E 196.54FT, S 30 DEG 28'42"E 396.02FT, S 59DEG 31'18"W 153.66FT, S 89DEG 20' 11"W 260.12F T TO
Building Details
Year built
1997
Floors in Building
1
Listing Agency:
Premiere Plus Realty Company
(239) 732-7837
Listed By:
Daniel Boyce, PA
(239) 443-4800
Added: Oct 23
Last Checked: Oct 23 at 10:06PM
MLS# 226037776
Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 2.9-acre commercial land parcel contains a 36,000-square-foot former medical facility built in 1997. Collier County zoning verification supports development of up to 72 residences, with a maximum height of 75 feet and administrative approval required before proceeding toward building permits.
At 2626 Goodlette-Frank Road North in Naples, the property is just over a mile from Lowdermilk Beach and minutes from Fifth Avenue South and Waterside Shops. It is in FEMA Flood Zone X, outside the designated higher-risk flood zone.
At 2626 Goodlette-Frank Road North in Naples, the property is just over a mile from Lowdermilk Beach and minutes from Fifth Avenue South and Waterside Shops. It is in FEMA Flood Zone X, outside the designated higher-risk flood zone.
Key Highlights
- 2.9‑acre commercial parcel with a 36,000‑square‑foot former medical facility
- Collier County zoning verification supports up to 72 residences
- 75‑foot maximum height with administrative approval required
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$741,150
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,823,000
$14.8M
Cap Rate 7%
$10,587,857
$10.6M
Cap Rate 9%
$8,235,000
$8.2M
Market Conditions
NOI Build-Up for 36,000 SF
Gross rent
$1.08M $30.00/SF
− Vacancy
−$91.8K −$2.55/SF
EGI
$988.2K $27.45/SF
− OpEx
−$247.1K −$6.86/SF
NOI
$741.2K $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 Rate 5%
$14,823,000
Cap Rate 7%
$10,587,857
Cap Rate 9%
$8,235,000
Alternative Uses
Best Use
Office B
$10.59M
$9.26M – $12.35M
NOI $741,150 @ 7.0% cap · market cap 3.15%
Second Best
Healthcare Medical
$6.89M
$6.03M – $8.04M
NOI $482,527 @ 7.0% cap · market cap 2.05%
Theoretical Best
Office A
$14.45M
$12.64M – $16.86M
NOI $1,011,391 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,321
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - A former medical facility occupies the parcel, and county zoning verification supports residential development of up to 72 residences.
Where is this commercial land located?
The property is located at 2626 Goodlette-Frank Rd N Naples, FL.
What is the asking price?
The asking price for this property is $23,500,000.
What are key features of this property?
This property features: 2.9‑acre commercial parcel with a 36,000‑square‑foot former medical facility; Collier County zoning verification supports up to 72 residences; 75‑foot maximum height with administrative approval required
