2671 Arpt Rd Naples, FL 34112
- Office Properties & Spaces
- 12,281 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 2671 Arpt Rd
- Year built
- 1993
- Property size
- 12,281 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Office space
Description
This exceptional investment opportunity presents 12,281 square feet of Class A office condos in Naples, Florida's desirable Airport Road area. The property, Court Plaza III, boasts a 100% occupancy rate across six tenants, including government agencies and established businesses. A complete renovation was finished in 2021, ensuring a modern and attractive workspace. The building, constructed in 1993, benefits from a prime location near the Collier County Government Center and Courthouse, along with numerous national retailers. The current asking price is $3,550,000, representing a 6.02% cap rate and a pro-forma cap rate of 11.89%. The property is zoned for commercial use and offers significant value-add potential through lease conversions to NNN. The seller controls 14 of the 18 total HOA units, providing substantial influence within the association. Acquiring the remaining four units could increase the building's value to approximately $8.5 million. This fully leased property offers immediate cash flow and minimal landlord responsibilities, making it an ideal addition to any investment portfolio. The property consists of one building with multi-tenancy. The price per square foot is $289.06.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Naples
- County
- Collier
- State
- Florida
- Longitude
- -81.7649
- Latitude
- 26.1305
