Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Naples Residential Lot Opportunity Title is generated by Realmo AI

    2995 Terrace Ave lot 9, Naples, FL 34104

    View on Map
    Claim this Listing
    For Sale
    $638,000

    LAND - NAPLES, FL

    Lot size:
    0.51 Acres
    Added:
    Mar 20, 2026
    Days on Market:
    57
    Last Refresh:
    May 15 at 5:06 pm

    Property Features for 2995 Terrace Ave lot 9

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RMF 6
    Vegetation
    Brush, Grassed
    Standard status
    Active
    APN
    70721240001
    Lot size
    0.51 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4900

    We can help!

    Listing Contact
    Brooke Sykes, LLC

    Listing agent Brooke Sykes, LLC License #NAPLES-249524820

    Listing office Douglas Elliman Florida,LLC 800 Harbour Drive, Palm Beach, FL

    Listing date Mar 20, 2026

    MLS# 226010714 Listing URL

    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.

    Overview

    This .51-acre residential lot presents an opportunity for a custom home or investment project in Naples, Florida. Situated off Shadowlawn Drive and Terrace Avenue, one block from Davis Boulevard, the property offers convenience and accessibility. It is located 1.5 miles from Downtown Naples' 5th Avenue South, providing access to dining, shopping, entertainment, and beaches. The neighborhood is experiencing growth and redevelopment. The lot is near a Porsche dealership and 2 miles from NCH. This parcel is suitable for a luxury residence, seasonal retreat, or income-producing property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Naples
    County
    Collier
    State
    Florida
    Longitude
    -81.7697504
    Latitude
    26.1398944

    Nearby Similar for Sale

    • $1,299,000

      Naples Commercial Property For Sale

      Renovated flex space with fenced lot in Pine Ridge.
      6344 Janes Lane, Naples, FL 34109
      View Details
    • $575,000

      Versatile Commercial Condo in Naples

      Highly visible commercial property with strong accessibility and flexibility.
      3940 Radio Road, Naples, FL 34104
      View Details
    • $479,500

      Luxury Motorcoach Property in Naples

      Turnkey motorcoach property in Pelican Lake Motorcoach Resort.
      4620 Southern Breeze Dr lot: 14, NAPLES, FL 34114
      View Details
    • $780,000
      2,310 SF

      Golden Gate City Triplex Investment

      Remodeled triplex in high-demand area with expansion potential.
      2241 SUNSHINE Blvd, NAPLES, FL 34116
      View Details
    • $295,000

      58' Live-Aboard Boat Slip

      Rare 58' boat slip with owner financing available.
      525 Newport Drive, Naples, FL 34114
      View Details
    • $1,500,000

      Naples Agricultural Property For Sale

      10-acre upland agricultural property suited for nursery operation.
      1340 Dove Tree Street, Naples, FL 34117
      View Details
    • $1,999,999

      Luxury Lakefront Motorcoach Property

      Prestigious Naples motorcoach resort with lakefront views and high-end amenities.
      13410 Snook Cir lot: 176, NAPLES, FL 34114
      View Details
    • $899,900

      Remodeled Quadplex in Naples, FL

      Fully remodeled quadplex in the heart of Naples, Florida.
      2316 Bayside St lot: 30, NAPLES, FL 34112
      View Details
    • $577,030
      304 SF

      Naples Motorcoach Resort Tropical Escape

      Luxury motorcoach lot with casita in Naples Motorcoach Resort.
      13455 Snook Cir lot: 38, NAPLES, FL 34114
      View Details
    • $985,000

      Waterfront RV Property in Naples

      Landscaped RV property with private dock and Gulf access.
      13319 Snook Cir lot: 5, NAPLES, FL 34114
      View Details
    • $399,000

      Naples Land with Development Potential

      5.62 acres near Naples, offering development opportunities.
      Naples, FL 34117
      View Details
    • $650,000

      Naples Duplex: Income-Producing Property

      Well-maintained duplex in Naples, offering steady cash flow.
      2500 Storter Avenue, Naples, FL 34112
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Rare .51-acre lot near downtown Naples, ideal for investment.
    Where is this residential land & home lot located?
    The property is located at 2995 Terrace Ave lot 9 Naples, FL.
    What is the asking price?
    The asking price for this property is $638,000.
    (239) 877-2720
    We can help!
    Listing Contact
    Brooke Sykes, LLC
    Real Estate License ID: NAPLES-249524820
    Learn More
    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.
    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
    2995 Terrace Ave lot: 9, NAPLES, FL 34104
    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!