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

    5867 Whitaker Road Naples, FL 34112

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,500,000

    Permit-ready land for senior living development in Naples, Florida.

    Type:land.other
    Lot size:
    9.80 Acres
    Added:
    Mar 7, 2026
    Days on Market:
    46
    Last Refresh:
    Mar 7 at 7:04 pm

    Property Features for 5867 Whitaker Road

    General Information

    Standard status
    Active
    Lot size
    9.80 Acres
    Property subtype
    land.other

    We can help!

    Listing Contact
    Wesley Boatwright

    Listing agent Wesley Boatwright

    Listing office Washington, DC

    Listing date Mar 7, 2026

    Source Avisonyoung

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Washington, DC

    Overview

    Land Site for Senior Living

    A 9.795-acre land site is available for acquisition. It is fully entitled and permit-ready for the development of a senior living and memory care facility. The property has extensive frontage on Santa Barbara Boulevard in the rapidly growing southeastern area of Naples, Florida. The project is fully approved and designed with complete construction drawings and permits ready to be picked up, making it shovel-ready.
    Location Intelligence

    Current Use by Public Records

    Youth Haven Child Welfare Organization Melissa A. Sarantos, LCSW Foster Care Service Kimberly M. Weisberg, ... Foster Care Service

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Naples
    County
    Collier
    State
    Florida
    Longitude
    -81.7218072
    Latitude
    26.1216806

    Nearby Similar for Sale

    • $375,000

      Resort Lot with Tiki

      Meticulously maintained lot with tiki in Naples Motorcoach Resort.
      13617 Snapper Ln lot: 118, NAPLES, FL 34114
      View Details
    • $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
    • $375,000

      Naples Motorcoach Resort Oasis

      Paved motorcoach property with tiki hut and lush landscaping.
      13550 Snapper Ln lot: 99, NAPLES, FL 34114
      View Details
    • $985,000

      Waterfront RV Property with Dock

      Landscaped RV property with private dock and boat lift.
      13319 Snook Cir lot: 5, NAPLES, FL 34114
      View Details
    • $525,000

      Deeded Slip at Cove Inn

      60' boat slip with amenities in Naples, Florida.
      900 Broad Avenue S, Naples, FL 34102
      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
    • $577,030

      Luxury Motorcoach Lot with Casita

      Deeded motorcoach lot with casita in Naples Motorcoach Resort.
      13455 Snook Cir lot: 38, NAPLES, FL 34114
      View Details
    • $375,000

      Naples Resort Lot For Sale

      Oversized lot in Naples Motorcoach Resort with luxury amenities.
      13583 Snook Cir lot: 63, NAPLES, FL 34114
      View Details
    • $345,000

      Turn-Key Motorcoach Lot in Naples

      Private, landscaped motorcoach lot with tiki hut in resort community.
      13466 Ladyfish Ln lot: 142, NAPLES, FL 34114
      View Details
    • $825,000
      1,820 SF

      Naples Duplex: Income Potential

      Duplex in Naples with immediate rental income and long-term flexibility.
      1400 Rosemary Ln, NAPLES, FL 34103
      View Details
    • $329,900

      Spacious Corner Lot in Naples

      5.15-acre corner lot in a rapidly growing area.
      EVERGLADES Blvd S lot: 88, NAPLES, FL 34117
      View Details
    • $1,095,000
      3,328 SF

      Well-Maintained Quadraplex in Golden Gate

      Four units, proven rental history, income increase potential.
      2779 Tropicana Blvd, NAPLES, FL 34116
      View Details

    FAQs

    What type of property is this?
    Land - Permit-ready land for senior living development in Naples, Florida.
    Where is this land located?
    The property is located at 5867 Whitaker Road Naples, FL.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: Fully entitled and permit‑ready land site for senior living and memory care facility development.; Located in the rapidly growing southeastern area of Naples, Florida.; 9.795 acres of land with extensive frontage on Santa Barbara Boulevard.
    (202) 644-8700
    We can help!
    Listing Contact
    Wesley Boatwright
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!