Nearly New Townhome with Private
For Sale
$385,000
2881 Citrus St, Naples, FL 34120
Residential, 2 Story, Duplex, Traditional, NAPLES, FL
Property Size1,879 SF
Lot Size0.05 Acres
Price / SF$204.90
Days on Market174
Property Features for 2881 Citrus St
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Den, Bedroom 3, Bathroom 1, Laundry Room, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 3
Parking
1
Parking features
Driveway
Patio and Porch features
Porch
Interior features
Built-In Cabinets, Closet Cabinets, Foyer, Pantry, Smoke Detectors, Volume Ceiling
Exterior features
Screened Lanai/Porch
Appliances
Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
Subdivision
ORANGE BLOSSOM RANCH
Lot features
Zero Lot Line, Zero Lot Line
View
Lake
Standard status
Active
APN
69039021062
Size
1,879 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
RANCH AT ORANGE BLOSSOM PHASE 5 LOT 882
Tax Annual Amount
4441
HOA Fee
$4,292 Annually
Legal Description
RANCH AT ORANGE BLOSSOM PHASE 5 LOT 882
Utilities
Heating system
Electric (Heating), Heat Pump (Heating), Central
Cooling system
Central Air, Electric, Heat Pump, Ceiling Fan(s)
Water front features
Lake
Water front
1
Building Details
Year built
2024
Floors in Building
2
Number of units
1
Flooring type
Tile, Carpet
Building materials
Concrete Block, Stucco
Roof type
Tile
Architectural style
Other
Listing Agency:
William Raveis Real Estate
(239) 529-5451
Listed By:
Jennifer Rosenwald · License #NAPLES-249526179
(239) 601-0605
Added: Mar 13
Changed: Aug 24
Last Checked: Sep 2 at 4:06PM
MLS# 226011245
Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2024, this nearly new townhome features 3 bedrooms and 2.5 bathrooms with approximately 1,879 square feet of thoughtfully designed living space. The interior offers an open-concept main level that connects the modern kitchen with the living and dining areas, with natural light throughout. Upstairs, the bedrooms include a primary suite with a private bath and ample closet space. The home also includes additional space for storage and functionality, and it is being offered unfurnished.
Set near the end of a quiet cul-de-sac in the Orange Blossom Ranch community, the property offers a private backyard with western exposure. Located in the Orangetree area of Naples, the community provides convenient access to shopping, dining, and local schools.
Overall, the layout supports both everyday living and entertaining, with a bright, modern feel and a backyard setting designed for relaxing evenings.
Set near the end of a quiet cul-de-sac in the Orange Blossom Ranch community, the property offers a private backyard with western exposure. Located in the Orangetree area of Naples, the community provides convenient access to shopping, dining, and local schools.
Overall, the layout supports both everyday living and entertaining, with a bright, modern feel and a backyard setting designed for relaxing evenings.
Key Highlights
- Townhome built in 2024 with 3 bedrooms and 2.5 bathrooms
- Approximately 1,879 SF of living space; approximately 2,178 SF total area
- Located near the end of a quiet cul‑de‑sac
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
$25,512
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
6.63%
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%
$510,240
$510.2K
Cap Rate 7%
$364,457
$364.5K
Cap Rate 9%
$283,467
$283.5K
Market Conditions
NOI Build-Up for 1,879 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
$48.9K $26.04/SF
− Vacancy
−$2.5K −$1.35/SF
EGI
$46.4K $24.69/SF
− OpEx
−$20.9K −$11.11/SF
NOI
$25.5K $13.58/SF
Area
Collier County, FL
Vacancy
5.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
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%
$510,240
Cap Rate 7%
$364,457
Cap Rate 9%
$283,467
Alternative Uses
Best Use
Apartment 5plus
$364.5K
$318.9K – $425.2K
NOI $25,512 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$754.1K
$659.9K – $879.8K
NOI $52,789 @ 7.0% cap · market cap 13.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 34120, FL
41,026
Population
17,778
Households
2.3
Avg Household Size
43
Median Age
31%
College-Educated
87%
High-School Grad
140.8 sq mi
ZIP Area
291
Density / Sq Mi
$90,695
Median Household Income
$43,959
Median Earnings
$2,067
Median Rent
$456,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Built in 2024, this unfurnished townhome offers 3 bedrooms, 2.5 baths, and a private backyard backing west.
Where is this single family property located?
The property is located at 2881 Citrus St Naples, FL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Townhome built in 2024 with 3 bedrooms and 2.5 bathrooms; Approximately 1,879 SF of living space; approximately 2,178 SF total area; Located near the end of a quiet cul‑de‑sac
