Fully Leased Flex
For Sale
$5,200,000
4627 Arnold Ave, Naples, FL 34104
Two-story flex facility combines office space with distribution and manufacturing areas and is fully rented.
Property Size23,877 SF
Price / SF$217.78
Days on Market934
Property Features for 4627 Arnold Ave
General Information
Standard status
Active
Size
23,877 SF
Occupancy
100%
Additional Details
Highway Access
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$32,000
Building Details
Stories
2
Listing Agency:
John R Wood Properties
(239) 571-6555
Listed By:
Jacques Groenteman · License #NAPLES-249512451
(239) 571-6555
Source:
Exprealty
Added: Jan 19, 2024
Changed: Aug 8
Last Checked: Aug 10 at 10:13AM
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 John R Wood Properties
Investment Insights
Based on property information with market context.
This fully leased, two-story flex office-warehouse property is designed for high-tech manufacturing, warehouse, and distribution use. The building includes office space on two floors and is equipped with hurricane impact resistant window glazing, fire sprinklers, security cameras, and Nest brand thermostats.
The property is located in the Naples (Collier County) Industrial Park, just east of Naples Municipal Airport. Access is supported by convenient routes to I-75 via Livingston Ave and Golden Gate Parkway, with US 41 nearby via Airport Road and Golden Gate Parkway; both I-75 and US 41 are less than 10 minutes away.
For tenants and investors seeking an operationally ready facility that supports office and logistics functions together, the mix of multi-floor office space and dedicated warehouse and distribution areas provides a practical platform for day-to-day manufacturing and supply chain needs. The installed safety and security features offer additional infrastructure for continuity of operations.
The property is located in the Naples (Collier County) Industrial Park, just east of Naples Municipal Airport. Access is supported by convenient routes to I-75 via Livingston Ave and Golden Gate Parkway, with US 41 nearby via Airport Road and Golden Gate Parkway; both I-75 and US 41 are less than 10 minutes away.
For tenants and investors seeking an operationally ready facility that supports office and logistics functions together, the mix of multi-floor office space and dedicated warehouse and distribution areas provides a practical platform for day-to-day manufacturing and supply chain needs. The installed safety and security features offer additional infrastructure for continuity of operations.
Key Highlights
- Fully rented two‑story flex building totaling approx. 23,877 SF with distribution and manufacturing plus office space
- Includes approx. 15,796 SF of office space on two floors
- Hurricane impact resistant window glazing
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
$207,462
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
3.99%
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%
$4,149,240
$4.1M
Cap Rate 7%
$2,963,743
$3.0M
Cap Rate 9%
$2,305,133
$2.3M
Market Conditions
NOI Build-Up for 23,877 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
$252.1K $10.56/SF
− Vacancy
−$8.1K −$0.34/SF
EGI
$244.1K $10.22/SF
− OpEx
−$36.6K −$1.53/SF
NOI
$207.5K $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%
$4,149,240
Cap Rate 7%
$2,963,743
Cap Rate 9%
$2,305,133
Alternative Uses
Best Use
Warehouse
$2.96M
$2.59M – $3.46M
NOI $207,462 @ 7.0% cap · market cap 3.99%
Second Best
Flex RnD
$2.77M
$2.43M – $3.24M
NOI $194,100 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$9.58M
$8.39M – $11.18M
NOI $670,805 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
960
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Two-story flex facility combines office space with distribution and manufacturing areas and is fully rented.
Where is this flex space located?
The property is located at 4627 Arnold Ave Naples, FL.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: Fully rented two‑story flex building totaling approx. 23,877 SF with distribution and manufacturing plus office space; Includes approx. 15,796 SF of office space on two floors; Hurricane impact resistant window glazing
