Corner Office
New
For Sale
$299,000
3960 Radio Rd 101, Naples, FL 34104
Fresh paint, mixed flooring, and a functional layout create a polished professional workspace.
Property Size775 SF
Price / SF$385.81
Days on Market2
Property Features for 3960 Radio Rd 101
General Information
Standard status
Active
Size
775 SF
Property subtype
Commercial
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$1,791
Building Details
Year Built
2006
Stories
3
Listing Agency:
Kunkle Realty LLC
Listed By:
Wes Kunkle, Jr.
(239) 216-2839
Source:
Elliman
Added: Sep 5
Last Checked: Sep 5 at 2:57PM
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 Kunkle Realty LLC
Investment Insights
Based on property information with market context.
This 775-square-foot office condo occupies a corner position within Naples Florida Corporate Park. The suite includes a functional interior arrangement, recently painted walls, and a combination of wood and carpet flooring. Corner placement brings natural light into the workspace and provides visibility from multiple sides.
Built in 2006, the property is located at 3960 Radio Road, Unit 101, in Naples, Florida. Walk Score is 42, reflecting a car-dependent setting, while Bike Score is 48, classified as somewhat bikeable. The office is presented as move-in ready and is suited to professional business use.
Built in 2006, the property is located at 3960 Radio Road, Unit 101, in Naples, Florida. Walk Score is 42, reflecting a car-dependent setting, while Bike Score is 48, classified as somewhat bikeable. The office is presented as move-in ready and is suited to professional business use.
Key Highlights
- 775‑square‑foot corner office condo
- Located in Naples Florida Corporate Park
- Newly painted interior walls
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
$15,955
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
5.34%
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%
$319,100
$319.1K
Cap Rate 7%
$227,929
$227.9K
Cap Rate 9%
$177,278
$177.3K
Market Conditions
NOI Build-Up for 775 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
$23.3K $30.00/SF
− Vacancy
−$2.0K −$2.55/SF
EGI
$21.3K $27.45/SF
− OpEx
−$5.3K −$6.86/SF
NOI
$16.0K $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%
$319,100
Cap Rate 7%
$227,929
Cap Rate 9%
$177,278
Alternative Uses
Best Use
Office B
$227.9K
$199.4K – $265.9K
NOI $15,955 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$311.0K
$272.2K – $362.9K
NOI $21,773 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,362
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Fresh paint, mixed flooring, and a functional layout create a polished professional workspace.
Where is this office units located?
The property is located at 3960 Radio Rd 101 Naples, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 775‑square‑foot corner office condo; Located in Naples Florida Corporate Park; Newly painted interior walls
