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Centrally Located Versatile Office Condo

3021 Airport Rd N 103 Naples, FL 34105

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For Sale
$1,695,000

Office condo in Naples, flexible space, suitable for various businesses.

Type:Commercial
Property size:
4,257 SF
Price / SF:
$398.17/SF
Added:
Mar 10, 2026
Days on Market:
127
Last Refresh:
Jul 3 at 1:08 am

Property Features for 3021 Airport Rd N 103

General Information

Standard status
Active
Size
4,257 SF
Property subtype
Commercial

Building Details

Year Built
2007

Listing office Downing Frye Realty Inc.

Listing date Mar 10, 2026

Source Elliman

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 Downing Frye Realty Inc.


Investment Insights

Based on property information with market context.

Located in Naples on Airport Pulling Road, across from Grey Oaks subdivision and adjacent to Poinciana Elementary School, this office condo offers accessibility to I-75, downtown Naples, North Naples, East Naples, and Naples South. The first-floor condo is located inside the Centennial Bank Building and offers versatility with C3 zoning, allowing for a variety of uses. Originally designed as a medical office, the space can be transformed into a variety of office environments, including a law firm, insurance company, or real estate office. Constructed in 2006, the condo provides approximately 4,257 square feet of space, featuring three A/C units (approximately 5 years old) and a new roof (approximately 2 years old). Ample parking is available. The common area foyer features marble inlays and a dome ceiling. Inside, there is a waiting area with LED lighting, crown moldings, and plantation shutters. Bamboo flooring flows through most of the 16 rooms, with some areas featuring carpet. Key features include a spacious kitchen area, a conference room with a tray ceiling, private office space, two storage/utility rooms, two restrooms and one unisex restroom, and a reception area with separate check-in/check-out sliding glass windows. There is also a medical records or additional flex room, a built-in wall safe, and an electronics room, with cabinetry and storage space. The open layout and features can accommodate traditional office space or a versatile flex space solution.

Key Highlights

  • Price reduced to $1,795,000, $300,000 below recent appraisal.
  • Prime central Naples location on Airport Pulling Road with quick access to I‑75 and various Naples areas.
  • Versatile C3 zoning allows for a wide variety of business uses.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $127.7k $30.00
− Vacancy −$10.9k −$2.55
EGI $116.9k $27.45
− OpEx −$29.2k −$6.86
NOI $87.6k $20.59
4,257 SF · lease $30.00/SF/yr · vacancy 8.50% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.25M
$1.10M – $1.46M (±1% cap)
NOI $87,641 @ 7.0% cap · market cap 5.17%
Second Best
Healthcare Medical
$815.1K
$713.2K – $951.0K (±1% cap)
NOI $57,059 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M (±1% cap)
NOI $119,597 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Restaurant Building Supply Hair Salon Dental Office Nail Salon Kitchen & Bath Showroom Real Estate Agency Electrical Service HVAC Service Storage Facility

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office units - Office condo in Naples, flexible space, suitable for various businesses.
Where is this office units located?
The property is located at 3021 Airport Rd N 103 Naples, FL.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Price reduced to $1,795,000, $300,000 below recent appraisal.; Prime central Naples location on Airport Pulling Road with quick access to I‑75 and various Naples areas.; Versatile C3 zoning allows for a wide variety of business uses.
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