Renovated Mixed-Use
New
For Sale
Contact for pricing
2974 Van Buren Avenue, Naples, FL 34112
Flexible property with a private-entry suite, impact-rated openings, and mixed commercial-residential zoning.
Property Size2,137 SF
Price / SF$690.17
Days on Market7
Property Features for 2974 Van Buren Avenue
General Information
Standard status
Active
Size
2,137 SF
Class
A
Total Parking Spaces
6
Property subtype
Office, Retail, Multifamily
Zoning
COMMERCIAL AND RESIDENTIAL- MIXED USE
Investment Type
Owner/User
Building Details
Year Built
2017
Buildings
1
Stories
2
Units
2
Listing Agency:
Hovland Realty
(239) 913-9363
Listed By:
Brehna Hovland · License #bk3463894
Source:
Crexi
Added: Aug 5
Changed: Aug 11
Last Checked: Aug 11 at 7:22AM
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 Hovland Realty
Investment Insights
Based on property information with market context.
This 2,137-square-foot mixed-use property at 2974 Van Buren Avenue in Naples was built in 2017 and fully renovated. The configuration includes a separate-entry suite that can support business or rental use, along with designer finishes, impact windows and doors, and a metal roof. The property has no HOA and no rental restrictions.
The site is positioned minutes from Downtown Naples, Gulf beaches, 5th Avenue, Venetian Village, and Celebration Park. Zoning is designated commercial and residential mixed use. A seller lease-back option is available for qualified buyers, subject to the terms established by the seller.
The site is positioned minutes from Downtown Naples, Gulf beaches, 5th Avenue, Venetian Village, and Celebration Park. Zoning is designated commercial and residential mixed use. A seller lease-back option is available for qualified buyers, subject to the terms established by the seller.
Key Highlights
- 2,137‑square‑foot mixed‑use property at 2974 Van Buren Avenue, Naples
- Commercial and residential mixed‑use zoning
- Fully renovated property built in 2017
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
$43,995
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
2.98%
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%
$879,900
$879.9K
Cap Rate 7%
$628,500
$628.5K
Cap Rate 9%
$488,833
$488.8K
Market Conditions
NOI Build-Up for 2,137 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
$64.1K $30.00/SF
− Vacancy
−$5.4K −$2.55/SF
EGI
$58.7K $27.45/SF
− OpEx
−$14.7K −$6.86/SF
NOI
$44.0K $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%
$879,900
Cap Rate 7%
$628,500
Cap Rate 9%
$488,833
Alternative Uses
Best Use
Office B
$628.5K
$549.9K – $733.3K
NOI $43,995 @ 7.0% cap · market cap 2.98%
Second Best
Mixed Use
$484.3K
$423.7K – $565.0K
NOI $33,898 @ 7.0% cap · market cap 2.30%
Theoretical Best
Office A
$857.7K
$750.5K – $1.00M
NOI $60,037 @ 7.0% cap · market cap 4.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Explore this area
Business Placement
Demographics for 34112, FL
26,625
Population
20,626
Households
1.3
Avg Household Size
60
Median Age
35%
College-Educated
91%
High-School Grad
14.8 sq mi
ZIP Area
1,799
Density / Sq Mi
$68,838
Median Household Income
$34,300
Median Earnings
$1,529
Median Rent
$293,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible property with a private-entry suite, impact-rated openings, and mixed commercial-residential zoning.
Where is this mixed-use property located?
The property is located at 2974 Van Buren Avenue Naples, FL.
What is the asking price?
The asking price for this property is $1,474,900.
What are key features of this property?
This property features: 2,137‑square‑foot mixed‑use property at 2974 Van Buren Avenue, Naples; Commercial and residential mixed‑use zoning; Fully renovated property built in 2017
