11275 Riggs Road
About This Property
Property also has a 2400 sq foot steel storage building on it with electric and plumbing.
This area of Naples has a balance of commercial, retail and mostly agriculture/residential land uses.
The property is approximately 15 miles southeast of the Naples downtown area and central business
district and approximately 40 miles south of Fort Myers International Airport. The property has access to all necessary supporting facilities including schools, shopping, recreation and employment. Property is currently rented on a month to month basis. No Showings until 7/11/2025.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 31, 2025 | Sold | ||
| Sold | |||
| Jul 12, 2025 | In contract | - | |
| In contract | |||
| Mar 5, 2025 | Listed by Realty One Group MVP | $450,000 | |
| Listed by Realty One Group MVP | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017