Residential Income Property For
For Sale
$499,999
232 Banyan Blvd 232, Naples, FL 34102
Residential income property available for purchase in Naples, Florida.
Property Size1,114 SF
Days on Market320
Property Features for 232 Banyan Blvd 232
General Information
Standard status
Active
Size
1,114 SF
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$4,065
Building Details
Building Size
1,114 SF
Year Built
1969
Stories
1
Units
19
Listed By:
Laurie Bellico, PA
(239) 293-9389
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 29
Last Checked: Oct 12 at 8:50PM
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 Laurie Bellico, PA
Investment Insights
Based on property information with market context.
A residential income property is available for sale. The property is located at 232 Banyan Blvd 232, Naples, FL 34102. The list price is $575000.
Key Highlights
- Year Built: 1969
- Price: $11
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,125
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,500
$302.5K
Cap Rate 7%
$216,071
$216.1K
Cap Rate 9%
$168,056
$168.1K
Market Conditions
NOI Build-Up for 1,114 SF
Gross rent
$29.0K $26.04/SF
− Vacancy
−$1.5K −$1.35/SF
EGI
$27.5K $24.69/SF
− OpEx
−$12.4K −$11.11/SF
NOI
$15.1K $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 Rate 5%
$302,500
Cap Rate 7%
$216,071
Cap Rate 9%
$168,056
Alternative Uses
Best Use
Apartment 5plus
$216.1K
$189.1K – $252.1K
NOI $15,125 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$447.1K
$391.2K – $521.6K
NOI $31,297 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Explore this area
Business Placement
Demographics for 34102, FL
10,496
Population
9,791
Households
1.1
Avg Household Size
64
Median Age
58%
College-Educated
96%
High-School Grad
5.6 sq mi
ZIP Area
1,874
Density / Sq Mi
$115,927
Median Household Income
$57,254
Median Earnings
$1,491
Median Rent
$1,422,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Residential income property available for purchase in Naples, Florida.
Where is this apartment building located?
The property is located at 232 Banyan Blvd 232 Naples, FL.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Year Built: 1969; Price: $11
