Freestanding Medical Office
New
For Sale
$789,900
871 106th Ave N, Naples, FL 34108
Renovated owner-user facility with dental infrastructure, private offices, dedicated parking, and flexible C-3 zoning.
Property Size1,432 SF
Days on Market2
Property Features for 871 106th Ave N
General Information
Standard status
Active
Size
1,432 SF
Property subtype
Commercial
Zoning
C-3
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,130
Amenities
fully plumbed operatories
built-in dental cabinetry
dedicated lab
compressor and vacuum room
impact-resistant windows
private physician office with en suite restroom
separate patient restroom
staff break room
Building Details
Building Size
1,432 SF
Year Built
1979
Year Renovated
2026
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
John R Wood Properties
(239) 961-1545
Listed By:
Danny Batatt
(239) 961-1545
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 9:55AM
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 freestanding medical office property is a single-tenant building on its own parcel, renovated in 2026 and vacant for immediate viewing. The built-out layout includes four fully plumbed operatories, integrated dental cabinetry, a dedicated lab, and separate compressor and vacuum rooms. Additional improvements include a private physician office with en suite restroom, a patient restroom, staff break room, impact-resistant windows, and a roof replaced in 2020. Dedicated on-site parking includes ADA spaces, and the property has no association fees.
Located in North Naples one block from US-41, the building is minutes from NCH North Naples and the Vanderbilt Beach and Immokalee corridors. C-3 zoning supports medical, dental, professional office, personal and business services, and small-scale retail uses. The property was built in 1979 and offers a purpose-built setting for medical or dental operations, professional occupancy, or ownership by an investor.
Located in North Naples one block from US-41, the building is minutes from NCH North Naples and the Vanderbilt Beach and Immokalee corridors. C-3 zoning supports medical, dental, professional office, personal and business services, and small-scale retail uses. The property was built in 1979 and offers a purpose-built setting for medical or dental operations, professional occupancy, or ownership by an investor.
Key Highlights
- Four fully plumbed operatories with built‑in dental cabinetry
- Dedicated lab plus separate compressor and vacuum rooms
- Renovated in 2026; roof replaced in 2020
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
$29,481
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
3.73%
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%
$589,620
$589.6K
Cap Rate 7%
$421,157
$421.2K
Cap Rate 9%
$327,567
$327.6K
Market Conditions
NOI Build-Up for 1,432 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
$43.0K $30.00/SF
− Vacancy
−$3.7K −$2.55/SF
EGI
$39.3K $27.45/SF
− OpEx
−$9.8K −$6.86/SF
NOI
$29.5K $20.59/SF
Area
Collier County, FL
Vacancy
8.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$589,620
Cap Rate 7%
$421,157
Cap Rate 9%
$327,567
Alternative Uses
Best Use
Office B
$421.2K
$368.5K – $491.4K
NOI $29,481 @ 7.0% cap · market cap 3.73%
Second Best
Healthcare Medical
$274.2K
$239.9K – $319.9K
NOI $19,194 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$574.7K
$502.9K – $670.5K
NOI $40,231 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34108, FL
16,142
Population
15,211
Households
1.1
Avg Household Size
66
Median Age
62%
College-Educated
97%
High-School Grad
7.8 sq mi
ZIP Area
2,069
Density / Sq Mi
$120,187
Median Household Income
$48,565
Median Earnings
$2,099
Median Rent
$972,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Renovated owner-user facility with dental infrastructure, private offices, dedicated parking, and flexible C-3 zoning.
Where is this medical office space located?
The property is located at 871 106th Ave N Naples, FL.
What is the asking price?
The asking price for this property is $789,900.
What are key features of this property?
This property features: Four fully plumbed operatories with built‑in dental cabinetry; Dedicated lab plus separate compressor and vacuum rooms; Renovated in 2026; roof replaced in 2020
