Golf Course View
For Sale
$299,900
Pending
8075 Tiger Cove 1711, Naples, FL 34113
Move-in ready condo with golf course views in Lely Resort.
Property Size1,203 SF
Days on Market576
Property Features for 8075 Tiger Cove 1711
General Information
Standard status
Pending
Size
1,203 SF
Property subtype
Condo/Townhome
Taxes and HOA fees
Annual Taxes
$3,684
Building Details
Year Built
1997
Listing Agency:
Achieve Realty LLC
(239) 451-8280
Listed By:
Tony Sells L Cologero, Jr · License #245000042
(239) 451-8280
Source:
Exitrealty
Added: Jan 11, 2025
Changed: Aug 8
Last Checked: Aug 10 at 4:25AM
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 Achieve Realty LLC
Investment Insights
Based on property information with market context.
This move-in ready condo offers a lifestyle experience with views of a golf course. The property provides access to a community. The living space overlooks the greenery of the golf course. A dedicated carport provides shelter and easy access for a vehicle, with additional guest parking available. Located within the 3,000 acres of Lely Resort, residents can enjoy resort-style living. Two championship courses and running/walking trails are available. The property is located near two public golf courses and Sam Snead's Grill, and is a short drive to Publix, Fresh Market, Starbucks, Carrabba's, Roadhouse Grill, Outback, and other restaurants and shops. Fabulous 5th Avenue, 3rd Street, and the Naples beaches are less than 10 miles away, as is Marco Island. The property size is 1203 square feet.
Key Highlights
- Move‑in ready condo with GOLF COURSE VIEWS.
- Located within Lely Resort, offering access to resort‑style living across 3,000 acres.
- Access to two championship golf courses and running/walking trails.
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
$16,333
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
5.45%
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%
$326,660
$326.7K
Cap Rate 7%
$233,329
$233.3K
Cap Rate 9%
$181,478
$181.5K
Market Conditions
NOI Build-Up for 1,203 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
$31.3K $26.04/SF
− Vacancy
−$1.6K −$1.35/SF
EGI
$29.7K $24.69/SF
− OpEx
−$13.4K −$11.11/SF
NOI
$16.3K $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%
$326,660
Cap Rate 7%
$233,329
Cap Rate 9%
$181,478
Alternative Uses
Best Use
Apartment 5plus
$233.3K
$204.2K – $272.2K
NOI $16,333 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$482.8K
$422.5K – $563.3K
NOI $33,797 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Explore this area
Business Placement
Demographics for 34113, FL
23,740
Population
16,461
Households
1.4
Avg Household Size
57
Median Age
40%
College-Educated
87%
High-School Grad
25.9 sq mi
ZIP Area
917
Density / Sq Mi
$76,539
Median Household Income
$37,070
Median Earnings
$1,888
Median Rent
$450,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Move-in ready condo with golf course views in Lely Resort.
Where is this residential income property located?
The property is located at 8075 Tiger Cove 1711 Naples, FL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Move‑in ready condo with GOLF COURSE VIEWS.; Located within Lely Resort, offering access to resort‑style living across 3,000 acres.; Access to two championship golf courses and running/walking trails.
