Dock-High Multi-Tenant
For Sale
Contact for pricing
Pending
4227 Enterprise Ave, Naples, FL 34104
Dock-high industrial facility with 30 doors, nine units, and CBS construction on 2.27 acres.
Property Size37,375 SF
Days on Market334
Property Features for 4227 Enterprise Ave
General Information
Standard status
Pending
Size
37,375 SF
Class
B
Property subtype
Industrial
Zoning
I
Building Details
Buildings
1
Stories
1
Units
9
Tenancy
Multi
Listing Agency:
Lee & Associates - Naples
Listed By:
Biagio Bernardo · License #FL BK3233508
(239) 230-2184
Source:
Crexi
Added: Oct 9, 2025
Changed: Sep 3
Last Checked: Sep 5 at 6:56PM
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 Lee & Associates - Naples
Investment Insights
Based on property information with market context.
Dock-high multi-tenant warehouse offering 37,375± SF across nine units. The property includes 30 total dock-high doors and is built with durable CBS construction. Recent hurricane-impact renovations support long-term usability for the existing tenant base, while remaining lease-up potential provides room for additional occupancy.
Located in Naples Production Park at 4227 Enterprise Ave, Naples, FL, the site offers pull-through access between Enterprise and Domestic Avenues for tenant efficiency. The area provides immediate connectivity to I-75, US-41, and Naples Airport, supporting practical distribution access within a supply-constrained industrial corridor in Southwest Florida.
Located in Naples Production Park at 4227 Enterprise Ave, Naples, FL, the site offers pull-through access between Enterprise and Domestic Avenues for tenant efficiency. The area provides immediate connectivity to I-75, US-41, and Naples Airport, supporting practical distribution access within a supply-constrained industrial corridor in Southwest Florida.
Key Highlights
- Dock‑high industrial property in Naples Production Park with 37,375± SF across nine units on 2.27± acres
- 30 total dock‑high doors plus pull‑through access between Enterprise and Domestic Avenues
- Multi‑tenant setup with in‑place income and remaining lease‑up potential
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
$324,743
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
3.37%
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%
$6,494,860
$6.5M
Cap Rate 7%
$4,639,186
$4.6M
Cap Rate 9%
$3,608,256
$3.6M
Market Conditions
NOI Build-Up for 37,375 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
$394.7K $10.56/SF
− Vacancy
−$12.6K −$0.34/SF
EGI
$382.1K $10.22/SF
− OpEx
−$57.3K −$1.53/SF
NOI
$324.7K $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%
$6,494,860
Cap Rate 7%
$4,639,186
Cap Rate 9%
$3,608,256
Alternative Uses
Best Use
Warehouse
$4.64M
$4.06M – $5.41M
NOI $324,743 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.00M
$13.13M – $17.50M
NOI $1,050,021 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,505
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
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- JIM'S STOWAWAY — Central Naples, FL 34104
Frequently Asked Questions
What type of property is this?
Warehouse - Dock-high industrial facility with 30 doors, nine units, and CBS construction on 2.27 acres.
Where is this warehouse located?
The property is located at 4227 Enterprise Ave Naples, FL.
What is the asking price?
The asking price for this property is $9,650,000.
What are key features of this property?
This property features: Dock‑high industrial property in Naples Production Park with 37,375± SF across nine units on 2.27± acres; 30 total dock‑high doors plus pull‑through access between Enterprise and Domestic Avenues; Multi‑tenant setup with in‑place income and remaining lease‑up potential
