Collier Boulevard Commercial
For Sale
Contact for pricing
6040 - 6060 Collier Blvd, Naples, FL 34114
Commercial condominium suitable for retail, restaurant, office, medical, and flex.
Property Size20,576 SF
Price / SF$265
Days on Market1653
Property Features for 6040 - 6060 Collier Blvd
General Information
Standard status
Active
Size
20,576 SF
Class
B
Property subtype
Retail, Office, Industrial, Mixed Use
Zoning
C-1, C-2, C-3, and C-4 "General Commercial District"
Investment Type
Owner/User
Building Details
Year Built
1991
Year Renovated
1998
Buildings
1
Stories
1
Listing Agency:
Trinity Commercial Group
(239) 334-3040
Listed By:
Doug Olson · License #FL 3175846
Source:
Crexi
Added: Feb 15, 2022
Changed: Aug 16
Last Checked: Aug 24 at 4:33PM
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 Trinity Commercial Group
Investment Insights
Based on property information with market context.
This property is part of The Naples Coastal Shoppes, which has been transformed into commercial condominiums available for lease and sale. The location is suited for uses within the C-1, C-2, C-3, and C-4 zoning districts, including retail, restaurant, office, medical, flex, showroom, warehouse, distribution, and local service and business-related companies. Naples Coastal Shoppes consists of four buildings. Buildings 6070 and 6040 are traditional platted commercial buildings. Buildings 6050 and 6060 have been transitioned into individual commercial condominiums ranging in size from 2,325 square feet to 20,578 square feet, and are now available for sale or lease. The property is located on the southeast corner of Collier Boulevard (SR 951) and Manatee Avenue, just south of Tamiami Trail East (US-41) in Naples, Florida, on the way to Marco Island, Florida. The property size is 20,576 square feet.
Key Highlights
- Located in Naples Coastal Shoppes, a transformed commercial condominium complex.
- Suitable for diverse uses within C‑1, C‑2, C‑3, and C‑4 zoning districts.
- Units available for sale or lease, ranging from 2,325sf - 20,578sf.
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
$326,387
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
5.99%
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%
$6,527,740
$6.5M
Cap Rate 7%
$4,662,671
$4.7M
Cap Rate 9%
$3,626,522
$3.6M
Market Conditions
NOI Build-Up for 20,576 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
$555.6K $27.00/SF
− Vacancy
−$33.3K −$1.62/SF
EGI
$522.2K $25.38/SF
− OpEx
−$195.8K −$9.52/SF
NOI
$326.4K $15.86/SF
Area
Collier County, FL
Vacancy
6.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
37.50%
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%
$6,527,740
Cap Rate 7%
$4,662,671
Cap Rate 9%
$3,626,522
Alternative Uses
Best Use
Mixed Use
$4.66M
$4.08M – $5.44M
NOI $326,387 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.26M
$7.23M – $9.63M
NOI $578,066 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Explore this area
Business Placement
Demographics for 34114, FL
21,343
Population
16,381
Households
1.3
Avg Household Size
62
Median Age
41%
College-Educated
90%
High-School Grad
176.6 sq mi
ZIP Area
121
Density / Sq Mi
$81,314
Median Household Income
$38,467
Median Earnings
$1,993
Median Rent
$469,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial condominium suitable for retail, restaurant, office, medical, and flex.
Where is this mixed-use property located?
The property is located at 6040 - 6060 Collier Blvd Naples, FL.
What is the asking price?
The asking price for this property is $5,452,640.
What are key features of this property?
This property features: Located in Naples Coastal Shoppes, a transformed commercial condominium complex.; Suitable for diverse uses within C‑1, C‑2, C‑3, and C‑4 zoning districts.; Units available for sale or lease, ranging from 2,325sf - 20,578sf.
