Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    1111 Terrace Drive Napa, CA 94559

    View on Map
    Claim this Listing
    For Sale
    $5,125,000

    Residential Lot - Napa, CA

    Lot size:
    2.96 Acres
    Added:
    Mar 21, 2026
    Days on Market:
    46
    Last Refresh:
    May 5 at 4:06 am

    Property Features for 1111 Terrace Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    046-111-001-000
    Lot size
    2.96 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Rachel Hobbs

    Listing agent Rachel Hobbs License #02158195

    Listing office Coldwell Banker Brokers of the Valley 1200 Main St, St. Helena, CA

    Listing date Mar 21, 2026

    MLS# 325088969 Listing URL

    Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Napa Residential Development Opportunity

    This 2.96-acre level parcel in Napa, California, presents a prime residential development opportunity. Zoned RI 5, Medium Density Residential, the property allows for 8-18 units per acre, with building heights up to two stories. The minimum lot size is 5,000 sq.ft. This parcel is suitable for an infill project, surrounded by newly built and sold-out homes. The location provides convenient access to dining, shopping, transportation, schools, and entertainment, situated just off the Silverado Trail.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Napa
    County
    Napa
    State
    California
    Longitude
    -122.27061
    Latitude
    38.291897

    Nearby Similar for Sale

    • $779,000

      Napa Mixed-Use Redevelopment Opportunity

      18.38 acres in Napa, CA, for mixed-use development.
      4322 Berryessa Knoxville Road, Napa, CA 94558
      View Details
    • $549,000

      Napa Valley Residential Acreage

      Nearly one acre lot with captivating Napa Valley views.
      2277 Monticello Road, Napa, CA 94558
      View Details
    • $10,000,000
      12,700 SF

      Napa Valley Mixed-Use Opportunity

      4.2-acre property with commercial, agricultural, and residential potential.
      3106 Golden Gate Drive, Napa, CA 94558
      View Details
    • $1,299,000
      2,764 SF

      Charming Renovated Napa Quadruplex

      Well-maintained Napa quadruplex near downtown with renovated units.
      1418 B Street, Napa, CA 94559
      View Details
    • $2,950,000

      Napa Valley Vineyard Estate

      20-acre vineyard estate with main residence and guest cottage.
      7440 Wild Horse Valley Road, Napa, CA 94558
      View Details
    • $419,000

      Napa County Land with Views

      20-acre Napa land with panoramic views and utilities.
      Grandview Road, Napa, CA 94558
      View Details
    • $179,000

      Lake Berryessa Residential Lot Opportunity

      1.06 acre residential lot with utilities near Lake Berryessa.
      253 Mulford Drive, Napa, CA 94558
      View Details
    • $399,000

      Napa Valley Residential Acreage

      42-acre Napa property with utilities, ready for new home.
      9419 Steele Canyon Road, Napa, CA 94558
      View Details
    • $155,000

      Oversized Lot with Lake Views

      Spacious Napa lot with utilities and recreational access.
      1012 Eastridge Drive, Napa, CA 94558
      View Details
    • $1,295,000
      1,919 SF

      Renovated Napa Home: Investment Potential

      Renovated 1920s home with strong investment potential in Napa.
      1532 Jefferson Street, Napa, CA 94559
      View Details
    • $745,000
      1,738 SF

      Napa Office Building For Sale

      Well-maintained Napa office building with long-term tenants and income potential.
      3051 3069 Solano Avenue, Napa, CA 94558
      View Details
    • $32,500

      Buildable Residential Lots in Napa

      Two adjoining parcels ready for construction near Lake Berryessa.
      1099 Westridge Drive, Napa, CA 94558
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.96-acre residential lot in Napa, suitable for development.
    Where is this residential land & home lot located?
    The property is located at 1111 Terrace Drive Napa, CA.
    What is the asking price?
    The asking price for this property is $5,125,000.
    What are key features of this property?
    This property features: Prime residential development opportunity in Napa.; Zoned RI 5, Medium Density Residential, allowing 8‑18 units per acre.; Level 2.96‑acre parcel suitable for building.
    (707) 301-8356
    We can help!
    Listing Contact
    Rachel Hobbs
    Real Estate License ID: 02158195
    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
    1111 Terrace Drive, Napa, CA 94559
    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!