Freestanding Flex
For Sale
$2,890,000
3519 PLOVER AVENUE, Naples, FL 34117
Single-tenant industrial space combines office and warehouse areas with drive-through access and secured on-site parking.
Property Size7,070 SF
Lot Size0.96 Acres
Price / SF$408.77
Days on Market39
Property Features for 3519 PLOVER AVENUE
General Information
Standard status
Active
Size
7,070 SF
Total Parking Spaces
22
Lot size
0.96 Acres
Property subtype
Industrial
Zoning
PUD
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Warehouse Space
5,062 SF
Office Build-Out
2,008 SF
Drive-In Doors
1
Amenities
0.96 acres, City Limits, Industrial Park, Sidewalk, Paved, Trees/Landscaped
Metal
Public Sewer
Additional parcels description:, Parcel Number: 81790004665, Public Survey Range: 26, Public Survey Section: 35, Annual Amount: $19,428, Tax Block: 13, Tax Book Number: 34/ 45-46, Legal Description: WHITE LAKE CORPORATE PARK PHASE 3 LOT 13, Lot: 13, Year: 2025, Zoning: PUD
Office Only
Listing ID: MFRA4698514, Standard Status: Active, MLS Status: Active, Property Subtype: Industrial, On market as of 2026-07-24, Special Conditions: None
Built in 2017, Living area: 7070, Living area units: Square Feet, 1 storey, Construction Materials: Concrete, Metal Frame, Metal Siding, SIP (Structurally Insulated Panel)
Subdivision: WHITE LAKE CORPORATE PARK PH 3, MLS Area (Major): 34117 - Naples, County/Parish: Collier
Completed, Lake
Water Source: Public
Slab
Close Of Escrow
Frontage Type: Access Road, City Street, Road Responsibility: Public Maintained Road, Road Surface: Asphalt
Security Gate
Building Details
Year Built
2017
Buildings
1
Building Size
7,070 SF
Tenancy
Single
Listing Agency:
TERRA EXCELSIOR REALTY LLC
(407) 617-4395
Listed By:
Gregory Van Buskirk · License #3039080
Source:
Miharaandassociates
Added: Jul 24
Changed: Aug 30
Last Checked: Aug 30 at 5:56PM
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 TERRA EXCELSIOR REALTY LLC
Investment Insights
Based on property information with market context.
Completed in 2017, this freestanding flex facility provides approximately 7,070 square feet within a single-tenant configuration. The building includes approximately 2,008 SF of office area and approximately 5,062 SF of warehouse space, supported by four overhead doors, including a drive-through bay. A 1,260 SF canopy, paved parking, 22 on-site parking spaces, and a perimeter wall with a rolling security gate are also part of the property.
The facility is located at 3519 Plover Avenue in Naples, within White Lake Corporate Park and the White Lake Industrial Park. It carries PUD zoning and an Industrial future land use designation. The property is positioned near the Collier Boulevard and I-75 corridors, approximately 1.5 miles or 2 minutes from I-75, with access throughout Naples and Southwest Florida.
The facility is located at 3519 Plover Avenue in Naples, within White Lake Corporate Park and the White Lake Industrial Park. It carries PUD zoning and an Industrial future land use designation. The property is positioned near the Collier Boulevard and I-75 corridors, approximately 1.5 miles or 2 minutes from I-75, with access throughout Naples and Southwest Florida.
Key Highlights
- Approximately 7,070 square feet on approximately 0.96 acres
- Approximately 2,008 SF of office and approximately 5,062 SF of warehouse space
- Four overhead doors, including one drive‑through bay
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
$145,554
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
5.04%
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%
$2,911,080
$2.9M
Cap Rate 7%
$2,079,343
$2.1M
Cap Rate 9%
$1,617,267
$1.6M
Market Conditions
NOI Build-Up for 7,070 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
$212.1K $30.00/SF
− Vacancy
−$18.0K −$2.55/SF
EGI
$194.1K $27.45/SF
− OpEx
−$48.5K −$6.86/SF
NOI
$145.6K $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 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%
$2,911,080
Cap Rate 7%
$2,079,343
Cap Rate 9%
$1,617,267
Alternative Uses
Best Use
Office B
$2.08M
$1.82M – $2.43M
NOI $145,554 @ 7.0% cap · market cap 5.04%
Second Best
Warehouse
$877.6K
$767.9K – $1.02M
NOI $61,430 @ 7.0% cap · market cap 2.13%
Theoretical Best
Office A
$2.84M
$2.48M – $3.31M
NOI $198,626 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Single-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34117, FL
16,408
Population
5,796
Households
2.8
Avg Household Size
41
Median Age
20%
College-Educated
89%
High-School Grad
137.4 sq mi
ZIP Area
119
Density / Sq Mi
$106,155
Median Household Income
$48,466
Median Earnings
$1,771
Median Rent
$416,300
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?
Flex space - Single-tenant industrial space combines office and warehouse areas with drive-through access and secured on-site parking.
Where is this flex space located?
The property is located at 3519 PLOVER AVENUE Naples, FL.
What is the asking price?
The asking price for this property is $2,890,000.
What are key features of this property?
This property features: Approximately 7,070 square feet on approximately 0.96 acres; Approximately 2,008 SF of office and approximately 5,062 SF of warehouse space; Four overhead doors, including one drive‑through bay
