End-Unit Duplex Villa on
For Sale
$375,000
Pending
147 Round Key Cir, Naples, FL 34112
Residential, 1 Story/Ranch, Duplex, NAPLES, FL
Property Size1,422 SF
Days on Market18
Property Features for 147 Round Key Cir
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Laundry Room, Bedroom 2, Bedroom 1
Parking
1
Parking features
Driveway
Patio and Porch features
Porch
Interior features
Built-In Cabinets, Closet Cabinets
Exterior features
Glass Porch
Appliances
Dishwasher, Dryer, Refrigerator/Freezer, Washer
Subdivision
LAKEWOOD VILLAS
Lot features
Zero Lot Line, Zero Lot Line
View
Water, Lake
Standard status
Pending
APN
54401240004
Size
1,422 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
LAKEWOOD UNIT 6, A PORT OF BLK P NKA LAKEWOOD VILLAS VIII (HO) LOT P-1
Tax Annual Amount
1384
HOA Fee
$3,060 Annually
Legal Description
LAKEWOOD UNIT 6, A PORT OF BLK P NKA LAKEWOOD VILLAS VIII (HO) LOT P-1
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric, Ceiling Fan(s)
Water front features
Lake
Water front
1
Amenities
garage with Tesla charging station
impact windows and doors
sun room
tile flooring
Building Details
Year built
1983
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Concrete Block, Stucco
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Downing Frye Realty Inc.
(239) 261-2244
Listed By:
James Kux · License #NAPLES-249518110
(239) 370-1004
Added: Aug 17
Changed: Sep 1
Last Checked: Sep 3 at 4:06AM
MLS# 226028803
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.
This 1,422-square-foot ranch-style villa is an end unit in a duplex building containing two villas. The residence offers 3 bedrooms and 2 bathrooms, with tile flooring throughout and a glass-enclosed sunroom positioned along the lake. Concrete block and stucco construction, a shingle roof, central air, and a newer AC system and water heater support the home's established construction and ongoing usability.
The property includes a driveway, laundry room, built-in cabinetry, dishwasher, washer, dryer, and refrigerator/freezer. A Tesla charging station is located in the garage. The home was built in 1983 and has not previously been rented. Lakewood is described as close to US 41, I-75, shopping, 5th Avenue South, beaches, and the pier.
The property includes a driveway, laundry room, built-in cabinetry, dishwasher, washer, dryer, and refrigerator/freezer. A Tesla charging station is located in the garage. The home was built in 1983 and has not previously been rented. Lakewood is described as close to US 41, I-75, shopping, 5th Avenue South, beaches, and the pier.
Key Highlights
- 1,422‑square‑foot end‑unit villa with 3 bedrooms and 2 bathrooms
- Duplex building contains only 2 villas
- Lake waterfront setting with a glass‑enclosed sunroom
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
$19,307
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
5.15%
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%
$386,140
$386.1K
Cap Rate 7%
$275,814
$275.8K
Cap Rate 9%
$214,522
$214.5K
Market Conditions
NOI Build-Up for 1,422 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
$37.0K $26.04/SF
− Vacancy
−$1.9K −$1.35/SF
EGI
$35.1K $24.69/SF
− OpEx
−$15.8K −$11.11/SF
NOI
$19.3K $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%
$386,140
Cap Rate 7%
$275,814
Cap Rate 9%
$214,522
Alternative Uses
Best Use
Apartment 5plus
$275.8K
$241.3K – $321.8K
NOI $19,307 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$570.7K
$499.4K – $665.8K
NOI $39,950 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
Explore this area
Business Placement
Demographics for 34112, FL
26,625
Population
20,626
Households
1.3
Avg Household Size
60
Median Age
35%
College-Educated
91%
High-School Grad
14.8 sq mi
ZIP Area
1,799
Density / Sq Mi
$68,838
Median Household Income
$34,300
Median Earnings
$1,529
Median Rent
$293,000
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom ranch villa with a sunroom, tile flooring, and garage charging station overlooking a Lakewood lake.
Where is this residential income property located?
The property is located at 147 Round Key Cir Naples, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,422‑square‑foot end‑unit villa with 3 bedrooms and 2 bathrooms; Duplex building contains only 2 villas; Lake waterfront setting with a glass‑enclosed sunroom
