Industrial Flex Building with
For Sale
$18,500,000
901 Industrial Blvd, Naples, FL 34104
For sale industrial flex facility with mezzanine space and dedicated office area for training and break needs.
Property Size61,094 SF
Lot Size3.22 Acres
Price / SF$240.89
Days on Market54
Property Features for 901 Industrial Blvd
General Information
Standard status
Active
Size
61,094 SF
Lot size
3.22 Acres
Property subtype
Industrial
Building Details
Building Size
61,094 SF
Year Built
1997
Listing Agency:
LQ Commercial | Orlando
(239) 823-9882
Listed By:
Mike Concilla
(239) 823-9882
Source:
Lqcre
Added: Jul 4
Changed: Aug 25
Last Checked: Aug 25 at 6:08AM
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 LQ Commercial | Orlando
Investment Insights
Based on property information with market context.
This for-sale industrial flex property offers 60,924± SF of primary industrial space plus an additional 15,875± SF mezzanine level. The site includes 8,025± SF of office space with private offices, a training room, and a breakroom, supporting teams that need both production and workplace functions on-site.
Located in the heart of Naples’ established industrial corridor in zip code 34104, the property is positioned for straightforward access to key area destinations. It is described as minutes from Downtown Naples and the Naples Municipal Airport.
The building is well suited for manufacturing, warehouse, distribution, and flex/industrial operations that benefit from expanded overhead capacity through the mezzanine configuration, while keeping dedicated office and training space close to the work floor. The combination of industrial area and purpose-built office components can support day-to-day operations, supervision, and internal training without requiring separate off-site space.
Located in the heart of Naples’ established industrial corridor in zip code 34104, the property is positioned for straightforward access to key area destinations. It is described as minutes from Downtown Naples and the Naples Municipal Airport.
The building is well suited for manufacturing, warehouse, distribution, and flex/industrial operations that benefit from expanded overhead capacity through the mezzanine configuration, while keeping dedicated office and training space close to the work floor. The combination of industrial area and purpose-built office components can support day-to-day operations, supervision, and internal training without requiring separate off-site space.
Key Highlights
- 60,924± SF industrial space plus 15,875± SF mezzanine on 3.22 acres
- Includes 8,025± SF dedicated office area with private offices, training room, and breakroom
- Ideal for manufacturing, warehouse, distribution, and flex/industrial operations
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
$667,289
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
3.61%
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%
$13,345,780
$13.3M
Cap Rate 7%
$9,532,700
$9.5M
Cap Rate 9%
$7,414,322
$7.4M
Market Conditions
NOI Build-Up for 76,799 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
$811.0K $10.56/SF
− Vacancy
−$26.0K −$0.34/SF
EGI
$785.0K $10.22/SF
− OpEx
−$117.8K −$1.53/SF
NOI
$667.3K $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%
$13,345,780
Cap Rate 7%
$9,532,700
Cap Rate 9%
$7,414,322
Alternative Uses
Best Use
Warehouse
$9.53M
$8.34M – $11.12M
NOI $667,289 @ 7.0% cap · market cap 3.61%
Second Best
Flex RnD
$8.92M
$7.80M – $10.41M
NOI $624,311 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$30.82M
$26.97M – $35.96M
NOI $2,157,607 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,856
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 - For sale industrial flex facility with mezzanine space and dedicated office area for training and break needs.
Where is this flex space located?
The property is located at 901 Industrial Blvd Naples, FL.
What is the asking price?
The asking price for this property is $18,500,000.
What are key features of this property?
This property features: 60,924± SF industrial space plus 15,875± SF mezzanine on 3.22 acres; Includes 8,025± SF dedicated office area with private offices, training room, and breakroom; Ideal for manufacturing, warehouse, distribution, and flex/industrial operations
