Ranch Duplex with
New
For Sale
$499,000
8004 Calle Canovas Ct, Naples, FL 34114
Residential, 1 Story/Ranch, Duplex, NAPLES, FL
Property Size1,552 SF
Lot Size0.13 Acres
Price / SF$321.52
Days on Market4
Property Features for 8004 Calle Canovas Ct
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Den, Bathroom 1, Bathroom 2
Parking
2
Parking features
Driveway
Patio and Porch features
Patio
Interior features
Bar, Built-In Cabinets, Pantry, Smoke Detectors, Wired for Sound
Appliances
Electric Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Refrigerator/Freezer, Refrigerator/Icemaker
Subdivision
ESPLANADE
Lot features
Cul-De-Sac, Oversize, Cul-De-Sac, Oversize
Standard status
Active
APN
31347863885
Size
1,552 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ESPLANADE AT HACIENDA LAKES PHASE 4 LOT 275
Tax Annual Amount
6892
HOA Fee
$4,676 Annually
Legal Description
ESPLANADE AT HACIENDA LAKES PHASE 4 LOT 275
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air, Electric
Amenities
clubhouse
fitness center
pool
spa
pickleball courts
tennis courts
Building Details
Year built
2020
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Concrete Block, Stucco
Roof type
Tile
Architectural style
Ranch
Listing Agency:
Realty One Group MVP
(800) 896-8790
Listed By:
Theresa Beuerle · License #258025204
(239) 333-9011
Added: Sep 23
Last Checked: Sep 26 at 10:06AM
MLS# 226034359
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 2020 ranch-style duplex residence offers 1,552 square feet on a 0.13-acre lot at the end of a cul-de-sac in Esplanade at Hacienda Lakes. The layout includes two bedrooms, two bathrooms, and a den, with vinyl flooring, central electric heating and cooling, ceiling fans, and a patio. Interior features include a bar, pantry, built-in cabinets, smoke detectors, and wiring for sound. The kitchen is equipped with an electric cooktop, range, dishwasher, disposal, microwave, and refrigerator/freezer. Concrete block and stucco construction, a tile roof, and a driveway complete the property.
The gated community includes a 6,500-square-foot clubhouse, 24/7 fitness center, resort-style pool and spa, pickleball courts, and tennis courts. The property is located in Naples, with beaches in Naples and Marco Island and shopping and dining on 5th Avenue South described as a short drive away.
The gated community includes a 6,500-square-foot clubhouse, 24/7 fitness center, resort-style pool and spa, pickleball courts, and tennis courts. The property is located in Naples, with beaches in Naples and Marco Island and shopping and dining on 5th Avenue South described as a short drive away.
Key Highlights
- 2020‑built ranch duplex with 1,552 square feet of living area
- 0.13‑acre lot positioned at the end of a cul‑de‑sac
- Two bedrooms, two bathrooms, and a den
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
$22,927
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
4.59%
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%
$458,540
$458.5K
Cap Rate 7%
$327,529
$327.5K
Cap Rate 9%
$254,744
$254.7K
Market Conditions
NOI Build-Up for 1,552 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
$34.5K $22.20/SF
− Vacancy
−$1.7K −$1.10/SF
EGI
$32.8K $21.10/SF
− OpEx
−$9.8K −$6.33/SF
NOI
$22.9K $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%
$458,540
Cap Rate 7%
$327,529
Cap Rate 9%
$254,744
Alternative Uses
Best Use
Multifamily LT 5
$327.5K
$286.6K – $382.1K
NOI $22,927 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$301.0K
$263.4K – $351.2K
NOI $21,072 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$622.9K
$545.0K – $726.7K
NOI $43,602 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Explore this area
Business Placement
Demographics for 34114, FL
21,343
Population
16,381
Households
1.3
Avg Household Size
62
Median Age
41%
College-Educated
90%
High-School Grad
176.6 sq mi
ZIP Area
121
Density / Sq Mi
$81,314
Median Household Income
$38,467
Median Earnings
$1,993
Median Rent
$469,900
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?
Duplex - Maintained two-bedroom residence with a den, central HVAC, tile roofing, and access to gated community amenities.
Where is this duplex located?
The property is located at 8004 Calle Canovas Ct Naples, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2020‑built ranch duplex with 1,552 square feet of living area; 0.13‑acre lot positioned at the end of a cul‑de‑sac; Two bedrooms, two bathrooms, and a den
