Centrally Located Versatile Office
For Sale
$1,575,000
Pending
3021 Airport Rd N Unit 103, Naples, FL 34105
Office condo in Naples, flexible space, suitable for various businesses.
Property Size4,257 SF
Days on Market449
Property Features for 3021 Airport Rd N Unit 103
General Information
Standard status
Pending
Size
4,257 SF
Property subtype
Commercial
Building Details
Year Built
2007
Listing Agency:
Downing Frye Realty Inc.
Listed By:
Richard Parlante, PA · License #249500876
(239) 330-9004
Source:
Napleshomesearcher
Added: Jul 30, 2025
Changed: Oct 1
Last Checked: Oct 20 at 9:55PM
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.
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,641
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,752,820
$1.8M
Cap Rate 7%
$1,252,014
$1.3M
Cap Rate 9%
$973,789
$973.8K
Market Conditions
NOI Build-Up for 4,257 SF
Gross rent
$127.7K $30.00/SF
− Vacancy
−$10.9K −$2.55/SF
EGI
$116.9K $27.45/SF
− OpEx
−$29.2K −$6.86/SF
NOI
$87.6K $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%
$1,752,820
Cap Rate 7%
$1,252,014
Cap Rate 9%
$973,789
Alternative Uses
Best Use
Office B
$1.25M
$1.10M – $1.46M
NOI $87,641 @ 7.0% cap · market cap 5.56%
Second Best
Healthcare Medical
$815.1K
$713.2K – $951.0K
NOI $57,059 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,597 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Explore this area
Business Placement
Demographics for 34105, FL
16,491
Population
11,654
Households
1.4
Avg Household Size
59
Median Age
52%
College-Educated
95%
High-School Grad
9.5 sq mi
ZIP Area
1,736
Density / Sq Mi
$94,702
Median Household Income
$48,743
Median Earnings
$2,041
Median Rent
$515,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office condo in Naples, flexible space, suitable for various businesses.
Where is this office unit located?
The property is located at 3021 Airport Rd N Unit 103 Naples, FL.
What is the asking price?
The asking price for this property is $1,575,000.
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.
