Naples Industrial Warehouse
For Sale
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4747 Progress Ave, Naples, FL
Industrial warehouse in Naples, Florida, with limited supply.
Property Size108,218 SF
Lot Size7.62 Acres
Price / SF$304.94
Days on Market355
Property Features for 4747 Progress Ave
General Information
Standard status
Active
Size
108,218 SF
Lot size
7.62 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 4747 Progress Ave Contact us- Size
- 108,218 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE
Warehouse / Distribution Facility
Lee & Associates is exclusively offering for sale or lease this Naples, Florida industrial...
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Listing Agency:
Lee & Associates | Fort Myers
(239) 272-1215
Listed By:
Robert Johnston
(239) 272-1215
Source:
Moodyscre
Added: Sep 9, 2025
Changed: Aug 8
Last Checked: Aug 28 at 3:09PM
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 | Fort Myers
Investment Insights
Based on property information with market context.
This industrial warehouse is located in Naples, Florida, within an in-fill location characterized by a limited supply of industrial land and buildings. The property is suitable for large-scale distribution, particularly for businesses servicing the temperature-controlled market. The building has a size of 108218 square feet.
Key Highlights
- Unique in‑fill location in Naples, Florida.
- Limited supply of industrial land and buildings in the market.
- Suitable for large‑scale distribution.**
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
$940,281
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
2.85%
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%
$18,805,620
$18.8M
Cap Rate 7%
$13,432,586
$13.4M
Cap Rate 9%
$10,447,567
$10.4M
Market Conditions
NOI Build-Up for 108,218 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
$1.14M $10.56/SF
− Vacancy
−$36.6K −$0.34/SF
EGI
$1.11M $10.22/SF
− OpEx
−$165.9K −$1.53/SF
NOI
$940.3K $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%
$18,805,620
Cap Rate 7%
$13,432,586
Cap Rate 9%
$10,447,567
Alternative Uses
Best Use
Warehouse
$13.43M
$11.75M – $15.67M
NOI $940,281 @ 7.0% cap · market cap 2.85%
Second Best
Industrial
$10.40M
$9.10M – $12.13M
NOI $728,089 @ 7.0% cap · market cap 2.21%
Theoretical Best
Office A
$43.43M
$38.00M – $50.67M
NOI $3,040,299 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
855
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
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- 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 warehouse in Naples, Florida, with limited supply.
Where is this warehouse located?
The property is located at 4747 Progress Ave Naples, FL.
What is the asking price?
The asking price for this property is $33,000,000.
What are key features of this property?
This property features: Unique in‑fill location in Naples, Florida.; Limited supply of industrial land and buildings in the market.; Suitable for large‑scale distribution.**
