Upgraded Duplex
For Sale
$510,000
Pending
8261 Lucello Ter W, Naples, FL 34114
Residential, Duplex, NAPLES, FL
Property Size1,533 SF
Lot Size0.10 Acres
Days on Market61
Property Features for 8261 Lucello Ter W
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Den, Bathroom 2, Bedroom 1, Bathroom 1
Parking
2
Patio and Porch features
Porch, Patio
Interior features
Foyer, Pantry, Smoke Detectors, Tray Ceiling(s), Walk-In Closet(s)
Exterior features
Screened Lanai/Porch
Appliances
Gas Cooktop, Dishwasher, Disposal, Dryer, Instant Hot Faucet, Microwave, Refrigerator/Icemaker, Tankless Water Heater, Washer
Subdivision
ESPLANADE AT HACIENDA LAKES
Lot features
Regular, Regular
Standard status
Pending
APN
31347860642
Size
1,533 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ESPLANADE AT HACIENDA LAKES PHASE 3 LOT 213
Tax Annual Amount
3529
HOA Fee
$4,676 Annually
Legal Description
ESPLANADE AT HACIENDA LAKES PHASE 3 LOT 213
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air, Electric
Amenities
clubhouse
24-hour fitness center
resistance pool
lap pool
spa
yoga studio
Har-Tru tennis courts
pickleball courts
bocce
playground
dog parks
remote-controlled automated shade
Z-Wave Alexa-enabled smart switches
Building Details
Year built
2019
Floors in Building
1
Number of units
2
Flooring type
Tile, Carpet
Building materials
Concrete Block, Stucco
Roof type
Tile
Architectural style
Other
Listing Agency:
Realty One Group MVP
(800) 896-8790
Listed By:
Jon Hunt · License #NAPLES-374012533
(312) 375-2617
Added: Jul 27
Changed: Sep 17
Last Checked: Sep 25 at 3:06AM
MLS# 226027394
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.
Built in 2019, this 1,533-square-foot duplex villa includes two bedrooms, a den, two bathrooms, and a screened lanai. The kitchen has upgraded cabinetry, a gas cooktop, and large-format drawers, while the home also features a tankless gas water heater, gas dryer, custom primary-closet storage, and a laundry-room utility sink. Smart switches offer Alexa-enabled lighting control throughout. The garage adds cabinetry, a workbench, and stored manual storm shutters.
The 0.10-acre property is located at 8261 Lucello Ter W in Naples, within Esplanade at Hacienda Lakes. It backs to greenery on a quiet dead-end street and sits at a high elevation with no flood insurance requirement. The home is connected to the hospital power grid and is positioned between Naples and Marco Island.
Community amenities include a 6,500-square-foot clubhouse, 24-hour fitness center, resistance and lap pools, spa, yoga studio, Har-Tru tennis courts, pickleball courts, bocce, a playground, dog parks, and a full-time Lifestyle Director.
The 0.10-acre property is located at 8261 Lucello Ter W in Naples, within Esplanade at Hacienda Lakes. It backs to greenery on a quiet dead-end street and sits at a high elevation with no flood insurance requirement. The home is connected to the hospital power grid and is positioned between Naples and Marco Island.
Community amenities include a 6,500-square-foot clubhouse, 24-hour fitness center, resistance and lap pools, spa, yoga studio, Har-Tru tennis courts, pickleball courts, bocce, a playground, dog parks, and a full-time Lifestyle Director.
Key Highlights
- 1,533‑square‑foot duplex villa built in 2019
- Two bedrooms, a den, and two bathrooms
- Gas cooktop, tankless gas water heater, and gas dryer
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
$22,646
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
4.44%
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%
$452,920
$452.9K
Cap Rate 7%
$323,514
$323.5K
Cap Rate 9%
$251,622
$251.6K
Market Conditions
NOI Build-Up for 1,533 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
$34.0K $22.20/SF
− Vacancy
−$1.7K −$1.10/SF
EGI
$32.4K $21.10/SF
− OpEx
−$9.7K −$6.33/SF
NOI
$22.6K $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%
$452,920
Cap Rate 7%
$323,514
Cap Rate 9%
$251,622
Alternative Uses
Best Use
Multifamily LT 5
$323.5K
$283.1K – $377.4K
NOI $22,646 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$297.3K
$260.2K – $346.9K
NOI $20,814 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$615.3K
$538.4K – $717.8K
NOI $43,068 @ 7.0% cap · market cap 8.44%
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
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
285
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
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?
Duplex - Two bedrooms, a den, screened lanai, and smart-home features support comfortable indoor-outdoor living.
Where is this duplex located?
The property is located at 8261 Lucello Ter W Naples, FL.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 1,533‑square‑foot duplex villa built in 2019; Two bedrooms, a den, and two bathrooms; Gas cooktop, tankless gas water heater, and gas dryer
