Naples Flex Space Investment Property

3933 Tollhouse Dr Naples, FL 34114

Claim this Listing
For Sale
$9,606,022

Fully leased flex space near I-75, ideal for 1031 exchange.

Type:Commercial
Property size:
33,242 SF
Price / SF:
$288/SF
Added:
Mar 12, 2026
Days on Market:
122
Last Refresh:
Jul 3 at 1:58 am

Property Features for 3933 Tollhouse Dr

General Information

Standard status
Active
Size
33,242 SF
Property subtype
Commercial

Building Details

Year Built
2022

Listing office Bartley Realty LLLP

Listing date Mar 12, 2026

Source Elliman

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 Bartley Realty LLLP


Investment Insights

Based on property information with market context.

This ±33,242 square foot flex space property in Naples, Florida, presents a fully leased investment opportunity ideally suited for a 1031 tax exchange. The property is strategically located near I-75 and Collier Boulevard, providing excellent access for tenants and businesses. The building is fully leased to a reputable defense contractor with approximately four years remaining on their lease, ensuring immediate cash flow. The flexible layout is divisible into 22 individual units of approximately 1,500 square feet each, offering future expansion potential and adaptability to market changes. Each unit is equipped with modern amenities, including individual AC units and bathroom rough-ins, supported by 22 electrical panels. The property is suitable for various commercial uses. Located in Naples, a thriving economy with a growing population, this property offers excellent potential for appreciation. This income-producing property is a prime opportunity for a 1031 exchange, allowing for deferred capital gains taxes and long-term wealth building.

Key Highlights

  • Fully leased to a strong tenant (defense contractor) providing immediate and stable income.
  • Ideal for a 1031 exchange, allowing for deferral of capital gains taxes.
  • Located in Naples, FL, a high‑growth market with excellent potential for property appreciation.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $997.3k $30.00
− Vacancy −$84.8k −$2.55
EGI $912.5k $27.45
− OpEx −$228.1k −$6.86
NOI $684.4k $20.59
33,242 SF · lease $30.00/SF/yr · vacancy 8.50% · expense 25.00%

Alternative Uses

Best Use
Office B
$9.78M
$8.55M – $11.41M (±1% cap)
NOI $684,370 @ 7.0% cap · market cap 7.12%
Second Best
Warehouse
$4.13M
$3.61M – $4.81M (±1% cap)
NOI $288,832 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$13.34M
$11.67M – $15.57M (±1% cap)
NOI $933,908 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

1031 exchange properties

Suggested Use

Real Estate Agency Law Firm Dental Office Hair Salon Food Market Carpet & Flooring Store Locksmith Parking Lot & Garage Spa & Massage Center Barber Shop

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
1031 exchange property - Fully leased flex space near I-75, ideal for 1031 exchange.
Where is this 1031 exchange property located?
The property is located at 3933 Tollhouse Dr Naples, FL.
What is the asking price?
The asking price for this property is $9,606,022.
What are key features of this property?
This property features: Fully leased to a strong tenant (defense contractor) providing immediate and stable income.; Ideal for a 1031 exchange, allowing for deferral of capital gains taxes.; Located in Naples, FL, a high‑growth market with excellent potential for property appreciation.
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