Naples Warehouse/Office Building For
For Sale
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3885 Mercantile Ave, Naples, FL 34104
26,016 square foot warehouse/office building in Naples Production Park.
Property Size26,016 SF
Price / SF$278.67
Days on Market218
Property Features for 3885 Mercantile Ave
General Information
Standard status
Active
Size
26,016 SF
Property subtype
Industrial, Office
Zoning
Industrial
Building Details
Year Built
1975
Buildings
1
Stories
1
Listing Agency:
Investment Properties Corporation of Naples
Listed By:
Christine McManus · License #FL 653823
(239) 261-3400
Source:
Crexi
Added: Mar 5
Changed: Sep 28
Last Checked: Oct 7 at 11:26AM
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 Investment Properties Corporation of Naples
Investment Insights
Based on property information with market context.
This 26,016 square foot warehouse/office building is located in the Naples Production Park, east of Airport-Pulling Road and south of Golden Gate Parkway. The building is suitable for an owner-occupant or investor. A short-term lease is currently in place, as the previous tenant has vacated the building.
Key Highlights
- Large 26,016 +/- square feet warehouse/office building.
- Convenient location in Naples Production Park.
- Ideal for owner‑occupant or investor.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$535,604
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,712,080
$10.7M
Cap Rate 7%
$7,651,486
$7.7M
Cap Rate 9%
$5,951,156
$6.0M
Market Conditions
NOI Build-Up for 26,016 SF
Gross rent
$780.5K $30.00/SF
− Vacancy
−$66.3K −$2.55/SF
EGI
$714.1K $27.45/SF
− OpEx
−$178.5K −$6.86/SF
NOI
$535.6K $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%
$10,712,080
Cap Rate 7%
$7,651,486
Cap Rate 9%
$5,951,156
Alternative Uses
Best Use
Office B
$7.65M
$6.70M – $8.93M
NOI $535,604 @ 7.0% cap · market cap 7.39%
Second Best
Mixed Use
$5.90M
$5.16M – $6.88M
NOI $412,679 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$10.44M
$9.14M – $12.18M
NOI $730,899 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,418
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 26,016 square foot warehouse/office building in Naples Production Park.
Where is this mixed-use property located?
The property is located at 3885 Mercantile Ave Naples, FL.
What is the asking price?
The asking price for this property is $7,250,000.
What are key features of this property?
This property features: Large 26,016 +/- square feet warehouse/office building.; Convenient location in Naples Production Park.; Ideal for owner‑occupant or investor.
