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    4623 SW 9th Ave lot 3 Cape Coral, FL 33914

    View on Map
    For Sale
    $788,000

    MULTI_FAMILY - CAPE CORAL, FL

    Lot size:
    0.24 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    10
    Last Refresh:
    Apr 4 at 12:06 am

    Property Features for 4623 SW 9th Ave lot 3

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Zoning
    R-3
    Bedrooms
    6
    Bathrooms
    6
    Rooms
    Bedroom 6, Bathroom 2, Bedroom 5, Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 6, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 5, Bathroom 1
    Pets allowed
    No
    Exterior features
    Outdoor Kitchen, Sprinkler Auto
    Standard status
    Active
    APN
    10-45-23-C3-03370.0030
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    CAPE CORAL UNIT 65 BLK 3370 PB 21 PG 154 LOTS 3 + 4
    Tax Annual Amount
    1558

    Utilities

    Utilities
    Cable Available
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Electric, Ceiling Fan(s)

    Building Details

    Year built
    2026
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile
    Building materials
    Concrete Block, Stucco
    Roof type
    Shingle
    Additional Structures
    Outdoor Kitchen

    We can help!

    Listing Contact
    Laura Vance PA

    Listing agent Laura Vance PA

    Listing office LPT Realty, LLC Lake Mary, FL

    Listing date Mar 26, 2026

    MLS# 226013008

    Copyright © 2026 Bonita Springs-Estero REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Luxury Duplex in Cape Coral

    This duplex offers luxury living, designed for both comfortable living and strong investment potential. Each side features a spacious 3-bedroom, 3-bath layout with plank tile flooring throughout. The kitchens are upgraded with high-end cabinetry, quartz waterfall countertops and quality finishes, while custom wood trim around doors, windows and baseboards adds a level of craftsmanship. This property also features an advanced backflow prevention system designed to help protect the home from water intrusion. Oversized screened lanais on both sides are complete with their own outdoor kitchen with granite countertops. The exterior features paver driveways, paver lanais and epoxy-coated garage floors. Located in a desirable area of Cape Coral, it's just minutes from shopping, dining and everyday conveniences. The property sits on a 0.244-acre lot. It is located in Lee County. The zoning is R-3. This property is located in Cape Coral, FL. It is intended as a multi-family residential income property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.993355
    Latitude
    26.56521

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    FAQs

    What type of property is this?
    Duplex - Upscale duplex featuring high-end finishes and outdoor kitchens.
    Where is this duplex located?
    The property is located at 4623 SW 9th Ave lot 3 Cape Coral, FL.
    What is the asking price?
    The asking price for this property is $788,000.
    What are key features of this property?
    This property features: Luxury duplex with strong investment potential in a desirable Cape Coral location, close to amenities.; Each side features **3 bedrooms and 3 bathrooms with high‑end finishes, including quartz waterfall countertops and custom wood trim.**; **Oversized screened lanais with outdoor kitchens and granite countertops on both sides.**
    (877) 366-2213
    We can help!
    Listing Contact
    Laura Vance PA
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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