Freestanding Two-Story Office
For Sale
$4,750,000
4025 Radio Road, Naples, FL 34104
Former bank facility includes drive-through lanes, a vault, and gated surface parking for professional or institutional use.
Property Size11,340 SF
Days on Market431
Property Features for 4025 Radio Road
General Information
Standard status
Active
Size
11,340 SF
Property subtype
OFC
Zoning
I
Building Details
Building Size
11,340 SF
Year Built
1998
Listing Agency:
(239) 278-4945
Listed By:
Chase Mayhugh
(239) 278-4945
Source:
Realnex
Added: Jun 26, 2025
Changed: Aug 29
Last Checked: Aug 30 at 12:52PM
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 Chase Mayhugh
Investment Insights
Based on property information with market context.
This standalone office property at 4025 Radio Road includes approximately ±11,340 square feet across two stories on a 1.78-acre site. Built in 1998, the building was originally developed for full-service banking and retains specialized improvements including drive-through lanes and a bank vault. A gated parking area provides 54 surface spaces.
The property fronts Radio Road in East Naples and receives exposure to more than 29,000 vehicles per day. Its I zoning, freestanding configuration, and existing bank-oriented features provide a defined commercial setting for professional, financial, or institutional operations.
The property fronts Radio Road in East Naples and receives exposure to more than 29,000 vehicles per day. Its I zoning, freestanding configuration, and existing bank-oriented features provide a defined commercial setting for professional, financial, or institutional operations.
Key Highlights
- ±11,340‑square‑foot, two‑story office building
- 1.78‑acre site with direct Radio Road frontage
- Exposure to more than 29,000 vehicles per day
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
$233,462
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
4.91%
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%
$4,669,240
$4.7M
Cap Rate 7%
$3,335,171
$3.3M
Cap Rate 9%
$2,594,022
$2.6M
Market Conditions
NOI Build-Up for 11,340 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
$340.2K $30.00/SF
− Vacancy
−$28.9K −$2.55/SF
EGI
$311.3K $27.45/SF
− OpEx
−$77.8K −$6.86/SF
NOI
$233.5K $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%
$4,669,240
Cap Rate 7%
$3,335,171
Cap Rate 9%
$2,594,022
Alternative Uses
Best Use
Office B
$3.34M
$2.92M – $3.89M
NOI $233,462 @ 7.0% cap · market cap 4.91%
Second Best
Specialty Retail
$3.20M
$2.80M – $3.73M
NOI $223,894 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$4.55M
$3.98M – $5.31M
NOI $318,588 @ 7.0% cap · market cap 6.71%
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
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 building - Former bank facility includes drive-through lanes, a vault, and gated surface parking for professional or institutional use.
Where is this office building located?
The property is located at 4025 Radio Road Naples, FL.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: ±11,340‑square‑foot, two‑story office building; 1.78‑acre site with direct Radio Road frontage; Exposure to more than 29,000 vehicles per day
