Commercial Building Near Downtown
For Sale
Contact for pricing
Pending
3954 Bayshore Dr, Naples, FL 34112
Commercial building with convenient access to downtown Naples.
Property Size1,505 SF
Days on Market178
Property Features for 3954 Bayshore Dr
General Information
Standard status
Pending
Size
1,505 SF
Property subtype
Office, Retail
Zoning
RSF-6 / BZO
Building Details
Year Built
2002
Year Renovated
2021
Buildings
1
Stories
1
Listing Agency:
Investment Properties Corporation of Naples
Listed By:
Clint Sherwood · License #FL 3033224
Source:
Crexi
Added: Mar 3
Changed: Aug 8
Last Checked: Jul 24 at 1:16PM
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 commercial building offers approximately 1,505 square feet of space. It is located on the west side of Bayshore Drive in Naples, Florida. The property provides convenient access to Downtown Naples and is situated in close proximity to the Naples Botanical Gardens, Windstar, and Celebration Park. The property is suitable for office and retail use.
Key Highlights
- Commercial building with 1,505 +\/- square feet.
- Located on Bayshore Drive in Naples, Florida.
- Built in 2002.
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
$30,984
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
3.65%
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%
$619,680
$619.7K
Cap Rate 7%
$442,629
$442.6K
Cap Rate 9%
$344,267
$344.3K
Market Conditions
NOI Build-Up for 1,505 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
$45.2K $30.00/SF
− Vacancy
−$3.8K −$2.55/SF
EGI
$41.3K $27.45/SF
− OpEx
−$10.3K −$6.86/SF
NOI
$31.0K $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%
$619,680
Cap Rate 7%
$442,629
Cap Rate 9%
$344,267
Alternative Uses
Best Use
Office B
$442.6K
$387.3K – $516.4K
NOI $30,984 @ 7.0% cap · market cap 3.65%
Second Best
Retail
$261.8K
$229.1K – $305.4K
NOI $18,326 @ 7.0% cap · market cap 2.16%
Theoretical Best
Office A
$604.0K
$528.5K – $704.7K
NOI $42,282 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Explore this area
Business Placement
Demographics for 34112, FL
26,625
Population
20,626
Households
1.3
Avg Household Size
60
Median Age
35%
College-Educated
91%
High-School Grad
14.8 sq mi
ZIP Area
1,799
Density / Sq Mi
$68,838
Median Household Income
$34,300
Median Earnings
$1,529
Median Rent
$293,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Commercial building with convenient access to downtown Naples.
Where is this office units located?
The property is located at 3954 Bayshore Dr Naples, FL.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Commercial building with **1,505 +\/- square feet**.; Located on Bayshore Drive in Naples, Florida.; Built in 2002.
