Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    702/704 SE 6Th Ter Cape Coral, FL 33990

    Sponsored
    For Sale
    $499,000

    MULTI_FAMILY - Other - Cape Coral, FL

    Property size:
    2,418 SF
    Lot size:
    0.23 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 1 at 11:06 pm

    Property Features for 702/704 SE 6Th Ter

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 6, Bathroom 4
    Bedrooms
    6
    Bathrooms
    4
    APN
    13-44-23-C3-01143.0510
    Pets allowed
    Yes
    Exterior features
    SprinklerIrrigation, RoomForPool
    Size
    2,418 SF
    Lot size
    0.23 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Electric, Central Air
    Water source
    Public
    Water front features
    Canal Access
    Water front
    1

    Building Details

    Year built
    2018
    Number of units
    2
    Flooring type
    Tile
    Building materials
    Block, Concrete, Stucco
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    James Sommers
    James Sommers

    CLC Real Estate Corp (239) 541-1661

    Listing agent James Sommers (239) 851-2351 License #258004921

    Listing date Feb 27, 2026

    MLS# 2026009548 Listing URL

    Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Income-Producing Duplex Near Cultural Park

    This income-producing duplex presents an opportunity for both owner-occupants and investors. Located near Cultural Park, each unit features 3 bedrooms and 2 full baths, with 1,209 square feet of living space, and an attached 1-car garage. The property totals 6 bedrooms and 4 baths. Interior features include tile flooring, vaulted ceilings, and granite countertops. Each unit is separately metered for electric and water. Situated on a freshwater canal, the property offers water views. It is located in a non-flood zone and connected to city water and sewer with all assessments paid in full. The property is located off Cultural Park Boulevard near Pine Island Road, providing access to Fort Myers without paying a toll. It is located minutes from shopping, dining, and entertainment. The lot size is 0.23 acres.
    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 Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.96031
    Latitude
    26.639463

    Nearby Similar for Sale

    • New
      $899,000
      2,100 SF

      Cape Coral Investment Opportunity

      Prime commercial building in Downtown Cape location with immediate income.
      820 Cape Coral Pkwy E, Cape Coral, FL 33904
      View Details
    • $399,000
      1,324 SF

      Cape Coral Flex Space Available

      Flex space in downtown Cape Coral, ready for occupancy.
      4519 SE 16Th Pl, Cape Coral, FL 33904
      View Details
    • $450,000
      1,470 SF

      New Flex Warehouse Development

      Flex warehouse development suitable for business, storage, and professional uses.
      1520/1526 SW 9Th Pl, Cape Coral, FL 33991
      View Details
    • $450,000
      1,470 SF

      New Flex Warehouse Development

      Modern flex warehouse development in Cape Coral, Florida.
      1520/1526 SW 9Th Pl, Cape Coral, FL 33991
      View Details
    • $450,000
      1,470 SF

      New Flex Warehouse Development

      Modern flex warehouse development suitable for various business uses.
      1520/1526 SW 9Th Pl, Cape Coral, FL 33991
      View Details
    • $450,000
      1,470 SF

      New Flex Warehouse Development

      Modern flex warehouse development suitable for various business uses.
      1520/1526 SW 9Th Pl, Cape Coral, FL 33991
      View Details
    • $450,000
      1,470 SF

      New Flex Warehouse Development

      Modern flex warehouse units suitable for various business uses.
      1520/1526 SW 9Th Pl, Cape Coral, FL 33991
      View Details
    • $1,750,000
      4,848 SF

      Waterfront Commercial Building in Cape Coral

      Versatile waterfront building with high visibility and Gulf access.
      3301 Del Prado Blvd S, Cape Coral, FL 33904
      View Details
    • $469,000
      2,092 SF

      Updated Duplex in Cape Coral

      Cape Coral duplex with new updates, ideal for investors.
      2912/2914 Santa Barbara Blvd, Cape Coral, FL 33914
      View Details
    • $2,400,000
      8,600 SF

      Versatile Commercial Building in Cape Coral

      Two-story building in downtown Cape Coral suitable for various uses.
      917 SE 47Th Ter, Cape Coral, FL 33904
      View Details
    • $12,495,000
      2.02 Acres

      Established Cape Coral Shopping Center

      Long-standing shopping center in Cape Coral with diverse tenants.
      1201-1317 Cape Coral Pkwy E, Cape Coral, FL 33904
      View Details
    • New
      $49,500
      29.21 Acres

      Turnkey Tea Destination in Cape Coral

      Profitable tea and pastry business in a vibrant shopping center.
      2301 Del Prado Blvd S, Cape Coral, FL 33990
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex near Cultural Park with freshwater canal views.
    Where is this duplex located?
    The property is located at 702/704 SE 6Th Ter Cape Coral, FL.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Income-producing duplex: Live in one unit and rent the other.; - Prime location: Near Cultural Park with easy access to Fort Myers, shopping, dining, and entertainment.; - Each unit features 3 bedrooms, 2 baths, and a 1-car garage: Offers ample living space.
    (239) 851-2351
    Request Owner's contact information
    702/704 SE 6Th Ter Cape Coral, FL 33990
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    702/704 SE 6Th Ter
    Cape Coral, FL 33990
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    702/704 SE 6Th Ter Cape Coral, FL 33990
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    James Sommers
    James Sommers
    Real Estate License ID: 258004921
    (239) 851-2351 (239) 541-1661
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!