Versatile Industrial/Flex Condo in
For Sale
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3663 Arnold Ave, Naples, FL 34104
4,110± SF industrial/flex condo in South Naples Industrial Park.
Property Size4,110 SF
Price / SF$205.60
Days on Market184
Property Features for 3663 Arnold Ave
General Information
Standard status
Active
Size
4,110 SF
Class
A
Property subtype
Industrial
Zoning
Industrial
Investment Type
Owner/User
Building Details
Buildings
1
Stories
2
Listing Agency:
CRE Consultants
Listed By:
Dave Wallace, CCIM, SIOR · License #FL BK3074374
Source:
Crexi
Added: Feb 23
Changed: Aug 14
Last Checked: Aug 14 at 10:03AM
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 CRE Consultants
Investment Insights
Based on property information with market context.
This 4,110± SF industrial/flex condo is located in the South Naples Industrial Park, providing access to major arterial roads and the Naples Airport area. The property features 2,113± SF on the first floor, with a second-floor component suitable for office, showroom, or light industrial use. A 14’ x 14’ rear overhead door facilitates loading and operational functionality. Parking is available in the front and rear of the building. Zoned Industrial, the property allows for contractor services, light manufacturing, warehouse, flex, and related commercial uses.
Key Highlights
- Located in the highly desirable South Naples Industrial Park with excellent access to major arterial roads and the Naples Airport area.
- Versatile 4,110± SF industrial/flex condo suitable for office, showroom, or light industrial use.
- Zoned Industrial, allowing for contractor services, light manufacturing, warehouse, flex, and related commercial uses.
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
$35,711
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
4.23%
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%
$714,220
$714.2K
Cap Rate 7%
$510,157
$510.2K
Cap Rate 9%
$396,789
$396.8K
Market Conditions
NOI Build-Up for 4,110 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
$43.4K $10.56/SF
− Vacancy
−$1.4K −$0.34/SF
EGI
$42.0K $10.22/SF
− OpEx
−$6.3K −$1.53/SF
NOI
$35.7K $8.69/SF
Area
Collier County, FL
Vacancy
3.20%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
15.00%
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%
$714,220
Cap Rate 7%
$510,157
Cap Rate 9%
$396,789
Alternative Uses
Best Use
Warehouse
$510.2K
$446.4K – $595.2K
NOI $35,711 @ 7.0% cap · market cap 4.23%
Second Best
Flex RnD
$477.3K
$417.6K – $556.9K
NOI $33,411 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,467 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,307
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34104, FL
25,485
Population
16,062
Households
1.6
Avg Household Size
53
Median Age
33%
College-Educated
91%
High-School Grad
9.9 sq mi
ZIP Area
2,574
Density / Sq Mi
$70,301
Median Household Income
$40,680
Median Earnings
$1,742
Median Rent
$348,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 4,110± SF industrial/flex condo in South Naples Industrial Park.
Where is this flex space located?
The property is located at 3663 Arnold Ave Naples, FL.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Located in the highly desirable South Naples Industrial Park with excellent access to major arterial roads and the Naples Airport area.; Versatile 4,110± SF industrial/flex condo suitable for office, showroom, or light industrial use.; Zoned Industrial, allowing for contractor services, light manufacturing, warehouse, flex, and related commercial uses.
