Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    704 Goodlette Rd Naples, FL 34102
    Back to Search
    Property profile & analytics

    704 Goodlette Rd, Naples, FL 34102

    View on Map
    • Office Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ALA Services LLC / (Bike/Boat/Book/etc) Store / Corporate Office
    • Lashed by Lucy / Hair Salon
    • Equifax / Employment Agency
    • Charity Car Donation / Association Or Organization

    Property Details for 704 Goodlette Rd

    Year built
    2004
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional office property, Commons Professional Park, presents a compelling investment opportunity in Naples, Florida. Located at 704 Goodlette Rd N, 34102, this two-building complex offers a total of 90,000 square feet of versatile space, ideal for both traditional office and medical uses. Built in 2004, the property features three stories per building, providing ample room for various business needs. Currently, there are multiple suites available, ranging from 2,877 to 14,272 square feet, catering to businesses of all sizes. The property boasts 270 parking spaces, ensuring convenient access for tenants and their clients. 708 Goodlette Road N is fully approved for medical use, adding to its flexibility and appeal. Its strategic location within the desirable South Naples submarket offers easy access to key amenities, including 5th Avenue South, Naples Executive Airport, and the Collier County Courthouse. This property represents a rare opportunity to acquire a well-maintained, highly accessible office complex in a thriving Naples location. The combination of its prime location, ample parking, and flexible space makes it an attractive option for a variety of businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Naples
    County
    Collier
    State
    Florida
    Longitude
    -81.7889
    Latitude
    26.1572

    Comparable in this City

    • Value Estimation by Request
      60,007 SF

      800 Goodlette Rd

      Medical Office Space
      800 Goodlette Rd, Naples, FL 34102
      View Details
    • Value Estimation by Request
      2,012 SF

      49 8Th St

      Medical Office Space
      49 8Th St, Naples, FL 34102
      View Details
    • Value Estimation by Request
      60,008 SF

      800 Goodlette Rd

      Medical Office Space
      800 Goodlette Rd, Naples, FL 34102
      View Details
    • Value Estimation by Request
      2,100 SF

      671 Goodlette-Frank Rd

      Medical Office Space
      671 Goodlette-Frank Rd, Naples, FL 34102
      View Details
    • Value Estimation by Request
      1,762 SF

      1015 5Th Ave

      Specialty properties
      1015 5Th Ave, Naples, FL 34102
      View Details
    • Value Estimation by Request

      130 9Th St

      Office Spaces
      130 9Th St, Naples, FL 34102
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Built-Out Ambulatory Surgery Center

      Ambulatory Surgery Center with supporting administration area for sale.
      130 9Th St N, Naples, FL 34102
      View Details
    • $2,200,000

      Executive Office Suite in Naples

      Sophisticated office suite with 10 private offices near Downtown.
      599 Tamiami Trl N 101, Naples, FL 34102
      View Details
    • Contact for pricing

      Class A Medical Office Space

      Rare medical-approved parking ratio near downtown Naples.
      49 8Th St N, Naples, FL 34102
      View Details
    • Contact for pricing
      3,000 SF

      Prime Commercial Property on 5th Avenue

      Premier commercial property in downtown Naples with high visibility.
      1111 5Th Ave S, Naples, FL 34102
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Space Available

      Two-building medical center in desirable Naples sub-market.
      704 Goodlette Rd N, Naples, FL 34102
      View Details
    • Contact for pricing

      Downtown Naples Medical Office Space

      Improved medical office space in Downtown Naples, Florida.
      671 Goodlette-Frank Rd, Naples, FL 34102
      View Details
    • Contact for pricing
      2,877 SF

      Medical Office Space Available

      Professional office space in desirable Naples location for rent.
      708 Goodlette Frank Rd N, Naples, FL 34102
      View Details
    • Contact for pricing
      2,545 SF

      Naples Office Space For Rent

      Office space available for lease in Naples, Florida.
      671 Goodlette-Frank Rd N, Naples, FL 34102
      View Details
    • Contact for pricing
      1,405 SF

      Naples Office Space Available

      Office space available for lease in Naples, Florida.
      700 2Nd Ave N, Naples, FL 34102
      View Details
    • Contact for pricing
      1,400 SF

      Naples Office Space For Rent

      Office space available for lease in Naples, Florida.
      909 6Th Ave N, Naples, FL 34102
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    704 Goodlette Rd
    Naples, FL 34102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    704 Goodlette Rd, Naples, FL, 34102
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!