Combined Units in Municipal
For Sale
Contact for pricing
1015 & 1013 5th Ave N, Naples, FL 34102
Two combined units in a desirable downtown location.
Property Size1,762 SF
Price / SF$481.84
Days on Market707
Property Features for 1015 & 1013 5th Ave N
General Information
Standard status
Active
Size
1,762 SF
Total Parking Spaces
120
Property subtype
Office, Retail, Special Purpose
Zoning
D-DOWNTOWN DISTRICT
Investment Type
Owner/User
Building Details
Year Built
1974
Year Renovated
2024
Buildings
1
Stories
1
Units
2
Listing Agency:
Premier Property Management
Listed By:
FILIPPO MASTROCOLA · License #FL 3234352
(239) 370-2319
Source:
Crexi
Added: Nov 5, 2024
Changed: Oct 7
Last Checked: Oct 12 at 7:18PM
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 Premier Property Management
Investment Insights
Based on property information with market context.
Located in the D-Downtown district, these two combined units offer a total of 1,762 square feet of space. The units, 1013 and 1015, have been opened up to create one large area featuring 10-foot ceilings and two bathrooms. Situated in Municipal Plaza, the property is conveniently located near City Hall, restaurants, a new playhouse, medical services, and the Naples building department. The location is suitable for professional office or retail use, complemented by an established mix of businesses within the plaza. A large overhead door provides convenient rear alley access. The new buyer has the option to install covered parking in the rear alley way. The units can be easily modified to suit a new owner’s needs. The entire plaza has been recently upgraded with brand new impact glass store fronts, and the association boasts substantial invested financial reserves.
Key Highlights
- Combined units offering a large 1,762 sqft space, ideal for office or retail.
- Prime D‑Downtown location in Municipal Plaza, convenient to key city amenities.
- Option to install covered parking in the rear alley.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,275
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,500
$725.5K
Cap Rate 7%
$518,214
$518.2K
Cap Rate 9%
$403,056
$403.1K
Market Conditions
NOI Build-Up for 1,762 SF
Gross rent
$52.9K $30.00/SF
− Vacancy
−$4.5K −$2.55/SF
EGI
$48.4K $27.45/SF
− OpEx
−$12.1K −$6.86/SF
NOI
$36.3K $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 Rate 5%
$725,500
Cap Rate 7%
$518,214
Cap Rate 9%
$403,056
Alternative Uses
Best Use
Office B
$518.2K
$453.4K – $604.6K
NOI $36,275 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$707.2K
$618.8K – $825.0K
NOI $49,502 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,643
Businesses Nearby
Explore this area
Business Placement
Demographics for 34102, FL
10,496
Population
9,791
Households
1.1
Avg Household Size
64
Median Age
58%
College-Educated
96%
High-School Grad
5.6 sq mi
ZIP Area
1,874
Density / Sq Mi
$115,927
Median Household Income
$57,254
Median Earnings
$1,491
Median Rent
$1,422,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Two combined units in a desirable downtown location.
Where is this office units located?
The property is located at 1015 & 1013 5th Ave N Naples, FL.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Combined units offering a large 1,762 sqft space, ideal for office or retail.; Prime D‑Downtown location in Municipal Plaza, convenient to key city amenities.; Option to install covered parking in the rear alley.
