Three-Bedroom Duplex with Private
For Sale
$650,000
Pending
2500 Storter Ave, Naples, FL 34112
Well-maintained duplex with separately metered utilities and one occupied unit in Naples’ Bayshore redevelopment district.
Property Size2,072 SF
Days on Market135
Property Features for 2500 Storter Ave
General Information
Standard status
Pending
Size
2,072 SF
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Year Built
2006
Buildings
1
Listing Agency:
Bay Vision Realty
(239) 693-3201
Listed By:
Allen Wasko · License #258015846
Source:
Napleshomesearcher
Added: Apr 17
Changed: Aug 29
Last Checked: Aug 25 at 7:19AM
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 Bay Vision Realty
Investment Insights
Based on property information with market context.
Constructed in 2006, this 2,072-square-foot duplex contains two separate residences, each with a private entrance, 3 bedrooms, and 2 baths. Water and electric service are separately metered for each side. Both units are described as being in great condition, with interior painting completed in April 2026 and a roof replacement completed in 2018. One unit is leased to a long-term tenant, while the other is not identified as leased.
The property is located at 2500 Storter Ave in Naples, within the Bayshore redevelopment district and minutes from 5th Avenue. Its two-unit configuration, individual entrances, and separate utility metering provide a clearly defined residential income-property setup.
The property is located at 2500 Storter Ave in Naples, within the Bayshore redevelopment district and minutes from 5th Avenue. Its two-unit configuration, individual entrances, and separate utility metering provide a clearly defined residential income-property setup.
Key Highlights
- Two‑unit duplex totaling 2,072 square feet
- Each residence includes 3 bedrooms, 2 baths, and a private entrance
- Water and electric utilities are separately metered by unit
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
$30,608
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
4.71%
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%
$612,160
$612.2K
Cap Rate 7%
$437,257
$437.3K
Cap Rate 9%
$340,089
$340.1K
Market Conditions
NOI Build-Up for 2,072 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
$46.0K $22.20/SF
− Vacancy
−$2.3K −$1.10/SF
EGI
$43.7K $21.10/SF
− OpEx
−$13.1K −$6.33/SF
NOI
$30.6K $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%
$612,160
Cap Rate 7%
$437,257
Cap Rate 9%
$340,089
Alternative Uses
Best Use
Multifamily LT 5
$437.3K
$382.6K – $510.1K
NOI $30,608 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$401.9K
$351.7K – $468.9K
NOI $28,132 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$831.6K
$727.6K – $970.2K
NOI $58,211 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
440
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with separately metered utilities and one occupied unit in Naples’ Bayshore redevelopment district.
Where is this duplex located?
The property is located at 2500 Storter Ave Naples, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,072 square feet; Each residence includes 3 bedrooms, 2 baths, and a private entrance; Water and electric utilities are separately metered by unit
