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    Property profile & analytics

    11121 Health Park Blvd Naples, FL 34110

    • Commercial real estate
    • 4,200 SF
    For Lease
    View listing
    $37 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0255244
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Modern Family Dental - Dr Katia Consuegra / Dentist / Cosmetic Dentist
    • Express Pharmacy (Compound and Medical Supply) / Medical Supply Store / Pharmacy
    • Venkatapathy Ganesan MD / Doctor
    • Boutique Sweet Couple / Coffee Shop / Bakery
    • Ceasar Marston / Dentist

    Property Details for 11121 Health Park Blvd

    Property size
    4,200 SF
    Property type
    Commercial real estate

    Description

    Collier Health Park offers a prime ground floor retail or medical space boasting exceptional visibility. This multi-tenant building totals 4,200 square feet, with a currently vacant space ranging from 1,800 to 2,400 contiguous square feet. The minimum divisible space is 1,800 square feet, providing flexibility for various business needs. The entire 4,200 square foot building is currently available for lease. This location is ideal for businesses seeking high foot traffic and prominent exposure. The property's classification as both retail and office space suggests versatility in potential tenants. The building's design and location are particularly well-suited for medical practices or retail establishments seeking a high-profile presence. The available space presents a unique opportunity for businesses to establish themselves in a thriving location with excellent visibility and accessibility. Interested parties are encouraged to inquire about lease terms and conditions. The property is ready for immediate occupancy. The flexible space allows for customization to meet the specific requirements of the tenant. This is an exceptional opportunity to secure a prominent location within a well-maintained building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Naples
    County
    Collier
    State
    Florida
    Longitude
    -81.7907077
    Latitude
    26.2728254

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      Uptown Center Retail Spaces in Naples

      High-traffic Naples retail spaces available.
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      Retail Opportunity in Naples, FL

      Retail space available in North Naples & Bonita Springs market.
      15495 Tamiami Trl N, Naples, FL 34110
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    • $21 SF/Yr
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      First Floor Office Space

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      Class A Office Space Available

      First floor office space ready for occupancy in Naples, Florida.
      1016 Collier Center Way, Naples, FL 34110
      View Details

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    Similar Nearby for Lease

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      Naples Medical Office Space for Lease

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      High-traffic Naples retail spaces available.
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      View Details
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      Retail Opportunity in Naples, FL

      Retail space available in North Naples & Bonita Springs market.
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      First Floor Office Space

      Office space with high ceilings and signage on US 41.
      950 Encore Way, Naples, FL 34110
      View Details
    • Contact for pricing

      Class A Office Space Available

      First floor office space ready for occupancy in Naples, Florida.
      1016 Collier Center Way, Naples, FL 34110
      View Details
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    Naples, FL 34110
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    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
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