Freestanding Industrial Flex
For Sale
$2,890,000
3519 PLOVER AVENUE, Naples, FL 34117
Single-tenant industrial flex building with four overhead doors, including a drive-through bay, plus 1,260 SF canopy.
Property Size7,070 SF
Lot Size0.96 Acres
Price / SF$408.77
Days on Market31
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
Commercial
Zoning
PUD
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$19,428
Amenities
canopy
security gate
Building Details
Building Size
7,070 SF
Year Built
2017
Tenancy
Single
Listing Agency:
TERRA EXCELSIOR REALTY LLC
(407) 617-4395
Listed By:
Gregory Van Buskirk
(407) 617-4395
Source:
Mbifloridarealty
Added: Jul 24
Changed: Aug 23
Last Checked: Aug 15 at 8:20AM
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.
Freestanding industrial flex facility constructed in 2017, offered as a single-tenant building totaling approximately 7,070 square feet with both office and warehouse areas. The building features four overhead doors, including one drive-through bay, and a 1,260 SF canopy. Additional site improvements include a perimeter wall with rolling security gate and paved parking with 22 on-site spaces.
Located in the White Lake Corporate Park / White Lake Industrial Park area. The property is zoned PUD with an Industrial future land use designation and is near the Collier Boulevard and I-75 corridors, approximately 1.5 miles to I-75, supporting regional connectivity throughout Naples and Southwest Florida.
Located in the White Lake Corporate Park / White Lake Industrial Park area. The property is zoned PUD with an Industrial future land use designation and is near the Collier Boulevard and I-75 corridors, approximately 1.5 miles to I-75, supporting regional connectivity throughout Naples and Southwest Florida.
Key Highlights
- Freestanding single‑tenant industrial flex building built in 2017
- Approximately 7,070 SF total: ±2,008 SF office and ±5,062 SF warehouse
- Four overhead doors including one drive‑through bay, plus a 1,260 SF canopy
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 flex building with four overhead doors, including a drive-through bay, plus 1,260 SF canopy.
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: Freestanding single‑tenant industrial flex building built in 2017; Approximately 7,070 SF total: ±2,008 SF office and ±5,062 SF warehouse; Four overhead doors including one drive‑through bay, plus a 1,260 SF canopy
