Fully Improved Office Building with
For Sale
Contact for pricing
9150 Galleria Court, Naples, FL 34109
Partially vacant, fully improved office building with immediate occupancy opportunity within The Plaza at the Galleria.
Property Size10,352 SF
Price / SF$410.55
Days on Market80
Property Features for 9150 Galleria Court
General Information
Standard status
Active
Size
10,352 SF
Total Parking Spaces
2
Property subtype
Office
Zoning
PUD
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
2000
Tenancy
Multi
Listing Agency:
Investment Properties Corporation of Naples
Listed By:
Clint Sherwood · License #FL 3033224
Source:
Crexi
Added: Jun 8
Changed: Aug 14
Last Checked: Aug 25 at 2:52PM
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 Investment Properties Corporation of Naples
Investment Insights
Based on property information with market context.
This fully improved office building contains approximately 10,352± square feet. The first floor is fully leased, while Unit 201, totaling approximately 6,150± square feet, is currently vacant. The available unit provides an owner-user or investor the option to secure immediate occupancy within the existing building configuration.
Located off Vanderbilt Beach Road in The Plaza at the Galleria, the property is within walking distance to The Shoppes at Vanderbilt. The surrounding area includes medical, retail, and residential communities, supporting everyday convenience for both staff and clients.
For tenants and buyers evaluating space requirements inside an established office setting, the combination of a leased first floor and a vacant second-floor unit can simplify planning around timing and occupancy. Unit 201’s current availability may be especially relevant for an owner-user seeking to move in without waiting for space to turn. Please call for additional details on the available unit and the building’s leasing situation.
Located off Vanderbilt Beach Road in The Plaza at the Galleria, the property is within walking distance to The Shoppes at Vanderbilt. The surrounding area includes medical, retail, and residential communities, supporting everyday convenience for both staff and clients.
For tenants and buyers evaluating space requirements inside an established office setting, the combination of a leased first floor and a vacant second-floor unit can simplify planning around timing and occupancy. Unit 201’s current availability may be especially relevant for an owner-user seeking to move in without waiting for space to turn. Please call for additional details on the available unit and the building’s leasing situation.
Key Highlights
- 10,352± SF fully improved office building in The Plaza at the Galleria, built in 2000
- First floor is fully leased
- Unit 201 offers 6,150± SF and is currently vacant for immediate occupancy
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
$213,122
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
5.01%
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%
$4,262,440
$4.3M
Cap Rate 7%
$3,044,600
$3.0M
Cap Rate 9%
$2,368,022
$2.4M
Market Conditions
NOI Build-Up for 10,352 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
$310.6K $30.00/SF
− Vacancy
−$26.4K −$2.55/SF
EGI
$284.2K $27.45/SF
− OpEx
−$71.0K −$6.86/SF
NOI
$213.1K $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%
$4,262,440
Cap Rate 7%
$3,044,600
Cap Rate 9%
$2,368,022
Alternative Uses
Best Use
Office B
$3.04M
$2.66M – $3.55M
NOI $213,122 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.15M
$3.64M – $4.85M
NOI $290,831 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,397
Businesses Nearby
Explore this area
Business Placement
Demographics for 34109, FL
26,102
Population
16,027
Households
1.6
Avg Household Size
55
Median Age
50%
College-Educated
97%
High-School Grad
12.5 sq mi
ZIP Area
2,088
Density / Sq Mi
$91,073
Median Household Income
$57,422
Median Earnings
$1,873
Median Rent
$628,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Partially vacant, fully improved office building with immediate occupancy opportunity within The Plaza at the Galleria.
Where is this office building located?
The property is located at 9150 Galleria Court Naples, FL.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 10,352± SF fully improved office building in The Plaza at the Galleria, built in 2000; First floor is fully leased; Unit 201 offers 6,150± SF and is currently vacant for immediate occupancy
