Updated Duplex Investment
For Sale
$525,000
Ab-5214 Sholtz St, Naples, FL 34113
Tenant-occupied duplex with recent roof and electrical upgrades.
Property Size1,664 SF
Price / SF$315.50
Days on Market190
Property Features for Ab-5214 Sholtz St
General Information
Standard status
Active
Size
1,664 SF
Property subtype
Residential Income
Additional Details
Gross Income
$49,200
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,787
Building Details
Buildings
1
Listing Agency:
Xclusive Homes LLC
(239) 692-1993
Listed By:
Bob Douyon
(239) 692-1993
Source:
Exprealty
Added: Feb 1
Changed: Aug 7
Last Checked: Aug 9 at 10:05AM
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 Xclusive Homes LLC
Investment Insights
Based on property information with market context.
This duplex contains 1,664 square feet and is currently occupied by tenants. Recent capital improvements include a roof installed on 4/9/25 and new electrical boxes completed in 2025.
Showings require 24-hour notice because the units are tenant occupied. The two-unit configuration offers separate residential spaces within a single income-producing property.
Showings require 24-hour notice because the units are tenant occupied. The two-unit configuration offers separate residential spaces within a single income-producing property.
Key Highlights
- Duplex with 1,664 square feet
- Roof installed on 4/9/25
- New electrical boxes installed in 2025
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
$24,581
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
4.68%
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%
$491,620
$491.6K
Cap Rate 7%
$351,157
$351.2K
Cap Rate 9%
$273,122
$273.1K
Market Conditions
NOI Build-Up for 1,664 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
$36.9K $22.20/SF
− Vacancy
−$1.8K −$1.10/SF
EGI
$35.1K $21.10/SF
− OpEx
−$10.5K −$6.33/SF
NOI
$24.6K $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%
$491,620
Cap Rate 7%
$351,157
Cap Rate 9%
$273,122
Alternative Uses
Best Use
Multifamily LT 5
$351.2K
$307.3K – $409.7K
NOI $24,581 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$322.8K
$282.4K – $376.6K
NOI $22,593 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$667.8K
$584.4K – $779.2K
NOI $46,749 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
233
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
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 - Tenant-occupied duplex with recent roof and electrical upgrades.
Where is this duplex located?
The property is located at Ab-5214 Sholtz St Naples, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Duplex with 1,664 square feet; Roof installed on 4/9/25; New electrical boxes installed in 2025
