Naples Industrial Park Warehouse
For Sale
Contact for pricing
4206 Mercantile Ave, Naples, FL
Industrial property in Naples Industrial Park with convenient transportation access.
Property Size36,453 SF
Lot Size1.50 Acres
Price / SF$271.58
Days on Market509
Property Features for 4206 Mercantile Ave
General Information
Standard status
Active
Size
36,453 SF
Lot size
1.50 Acres
Property subtype
INDUSTRIAL
Listing Agency:
CRE Consultants | Naples
Listed By:
Dave Wallace, CCIM, SIOR · License #BK3074374
(239) 659-1447
Source:
Moodyscre
Added: Apr 17, 2025
Changed: Jul 6
Last Checked: Sep 6 at 9:15AM
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 CRE Consultants | Naples
Investment Insights
Based on property information with market context.
Located in the Naples Industrial Park, directly across from Naples Municipal Airport, this industrial property offers convenient access to I-75 and US 41. The property is suitable for distribution and warehouse operations. It features 12 dock-high overhead doors, along with fenced and gated parking and loading areas. The property's central location ensures convenient connectivity to major transportation routes, improving operational efficiency. The building contains 36453 square feet of space.
Key Highlights
- Prime location in Naples Industrial Park, directly across from Naples Municipal Airport.
- Quick and easy access to I‑75 and US 41.
- Ideal for distribution and warehouse operations.
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
$316,732
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
3.20%
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%
$6,334,640
$6.3M
Cap Rate 7%
$4,524,743
$4.5M
Cap Rate 9%
$3,519,244
$3.5M
Market Conditions
NOI Build-Up for 36,453 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
$384.9K $10.56/SF
− Vacancy
−$12.3K −$0.34/SF
EGI
$372.6K $10.22/SF
− OpEx
−$55.9K −$1.53/SF
NOI
$316.7K $8.69/SF
Area
Collier County, FL
Vacancy
3.20%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
15.00%
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%
$6,334,640
Cap Rate 7%
$4,524,743
Cap Rate 9%
$3,519,244
Alternative Uses
Best Use
Warehouse
$4.52M
$3.96M – $5.28M
NOI $316,732 @ 7.0% cap · market cap 3.20%
Second Best
Industrial
$3.50M
$3.07M – $4.09M
NOI $245,255 @ 7.0% cap · market cap 2.48%
Theoretical Best
Office A
$14.63M
$12.80M – $17.07M
NOI $1,024,118 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,294
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Extra Space Storage — 571 Airport-Pulling Rd N, Naples, FL 34104
- Peluso Movers — 4306 Exchange Ave Ste A, Naples, FL 34104
- All Marine Services — 4480 Exchange Ave, Naples, FL 34104
- Naples Storage — 4484 Enterprise Ave, Naples, FL 34104
- Alliance — 472 Production Blvd, Naples, FL 34104
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial property in Naples Industrial Park with convenient transportation access.
Where is this warehouse located?
The property is located at 4206 Mercantile Ave Naples, FL.
What is the asking price?
The asking price for this property is $9,900,000.
What are key features of this property?
This property features: Prime location in Naples Industrial Park, directly across from Naples Municipal Airport.; Quick and easy access to I‑75 and US 41.; Ideal for distribution and warehouse operations.
