Rebuilt NNN
For Sale
$6,200,000
3411 Tamiami Trl N Unit 2, Naples, FL 34103
Rebuilt interior with a vacant first floor and three second-floor tenants.
Property Size11,000 SF
Price / SF$563.64
Days on Market213
Property Features for 3411 Tamiami Trl N Unit 2
General Information
Standard status
Active
Size
11,000 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Year Built
1978
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Premiere Plus Realty Company
(239) 404-5030
Listed By:
Jany Pech · License #249510765
Source:
Naplespropertyguide
Added: Jan 28
Changed: Aug 29
Last Checked: Aug 25 at 7:21AM
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 Premiere Plus Realty Company
Investment Insights
Based on property information with market context.
This 11,000-square-foot NNN property was originally built in 1978 and has an entirely rebuilt interior. The first floor is currently vacant, while the second floor is occupied by three separate tenants under NNN leases.
The building has direct exposure on Tamiami Trail N, providing a prominent position along the corridor. Its combination of renovated interior space, existing second-floor tenancy, and available first-floor area creates a two-level commercial configuration with distinct occupancy profiles.
The building has direct exposure on Tamiami Trail N, providing a prominent position along the corridor. Its combination of renovated interior space, existing second-floor tenancy, and available first-floor area creates a two-level commercial configuration with distinct occupancy profiles.
Key Highlights
- 11,000‑square‑foot NNN property
- Entire interior rebuilt
- First floor is vacant
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
$226,463
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
3.65%
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%
$4,529,260
$4.5M
Cap Rate 7%
$3,235,186
$3.2M
Cap Rate 9%
$2,516,256
$2.5M
Market Conditions
NOI Build-Up for 11,000 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
$330.0K $30.00/SF
− Vacancy
−$28.1K −$2.55/SF
EGI
$302.0K $27.45/SF
− OpEx
−$75.5K −$6.86/SF
NOI
$226.5K $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%
$4,529,260
Cap Rate 7%
$3,235,186
Cap Rate 9%
$2,516,256
Alternative Uses
Best Use
Office B
$3.24M
$2.83M – $3.77M
NOI $226,463 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.41M
$3.86M – $5.15M
NOI $309,036 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,233
Businesses Nearby
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Rebuilt interior with a vacant first floor and three second-floor tenants.
Where is this nnn property located?
The property is located at 3411 Tamiami Trl N Unit 2 Naples, FL.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: 11,000‑square‑foot NNN property; Entire interior rebuilt; First floor is vacant
