Two-Story Quadplex with Screened
For Sale
$975,000
2001 55th TER SW, Naples, FL 34116
Four residential units provide varied bath configurations, private screened lanais, and access to a shared parking area.
Property Size4,068 SF
Days on Market12
Property Features for 2001 55th TER SW
General Information
Standard status
Active
Size
4,068 SF
Property subtype
Quadruplex
Units
Unit Mix
2 x 2BR/1.5BA, 2 x 2BR/1BA
Multifamily Units
4
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$6,624
Amenities
screened lanai
parking lot
Building Details
Building Size
4,068 SF
Year Built
1980
Buildings
1
Stories
2
Listing Agency:
Premiere Plus Realty Company
Listed By:
Woody Woodruff · License #NAPLES-249514649
(239) 287-8123
Source:
Kwelevate
Added: Sep 15
Changed: Sep 23
Last Checked: Sep 24 at 3:48PM
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 Premiere Plus Realty Company
Investment Insights
Based on property information with market context.
This 4,068-square-foot quadplex was built in 1980 and contains four residential units across two levels. The upper floor includes two two-bedroom units with one and a half baths, while the first floor has two two-bedroom units with one bath each. Every unit includes a screened lanai, providing additional private outdoor space.
The property occupies a corner lot at 2001 55th Ter SW in Naples, Florida, with a large parking lot serving the building. Major property systems include a replaced roof and septic system. The water system receives professional maintenance, and the septic system is pumped on a regular basis.
The property occupies a corner lot at 2001 55th Ter SW in Naples, Florida, with a large parking lot serving the building. Major property systems include a replaced roof and septic system. The water system receives professional maintenance, and the septic system is pumped on a regular basis.
Key Highlights
- Four‑unit, two‑story quadplex totaling 4068 square feet
- Two upper‑level units with two bedrooms and one and a half baths each
- Two first‑floor units with two bedrooms and one bath each
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
$60,094
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
6.16%
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%
$1,201,880
$1.2M
Cap Rate 7%
$858,486
$858.5K
Cap Rate 9%
$667,711
$667.7K
Market Conditions
NOI Build-Up for 4,068 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
$90.3K $22.20/SF
− Vacancy
−$4.5K −$1.10/SF
EGI
$85.8K $21.10/SF
− OpEx
−$25.8K −$6.33/SF
NOI
$60.1K $14.77/SF
Area
Collier County, FL
Vacancy
4.94%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,201,880
Cap Rate 7%
$858,486
Cap Rate 9%
$667,711
Alternative Uses
Best Use
Multifamily LT 5
$858.5K
$751.2K – $1.00M
NOI $60,094 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$789.0K
$690.4K – $920.5K
NOI $55,232 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,287 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Explore this area
Business Placement
Demographics for 34116, FL
31,538
Population
11,081
Households
2.8
Avg Household Size
37
Median Age
17%
College-Educated
81%
High-School Grad
9.3 sq mi
ZIP Area
3,391
Density / Sq Mi
$69,204
Median Household Income
$35,573
Median Earnings
$1,663
Median Rent
$392,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units provide varied bath configurations, private screened lanais, and access to a shared parking area.
Where is this quadplex located?
The property is located at 2001 55th TER SW Naples, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Four‑unit, two‑story quadplex totaling 4068 square feet; Two upper‑level units with two bedrooms and one and a half baths each; Two first‑floor units with two bedrooms and one bath each
