16-Unit Apartment
New
For Sale
Contact for pricing
111 SW 16th TER, Cape Coral, FL 33991
The two-story concrete block property offers two-bedroom, two-bath units with tile flooring and upgraded kitchen finishes.
Property Size17,896 SF
Days on Market5
Property Features for 111 SW 16th TER
General Information
Standard status
Active
Size
17,896 SF
Property subtype
Multi Family
Units
Unit Mix
16 x 2BR/2BA
Multifamily Units
16
Taxes and HOA fees
Annual Taxes
$7,168
Building Details
Building Size
17,896 SF
Year Built
2026
Buildings
1
Stories
2
Construction
concrete block
Listing Agency:
Self Realty
Listed By:
Otis Jonuskis · License #249514135
(239) 777-4741
Source:
Thefullerproperties
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 7:29AM
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 Self Realty
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Investment Insights
Based on property information with market context.
Built in 2026, this two-story concrete block apartment building contains 16 units, each configured with two bedrooms and two bathrooms. Interior features include tile flooring throughout, granite countertops, and stainless steel appliances.
The property is in Cape Coral and is described as outside a flood zone. Shopping, schools, and dining are nearby. The building may be used for vacation or long-term rentals.
The property is in Cape Coral and is described as outside a flood zone. Shopping, schools, and dining are nearby. The building may be used for vacation or long-term rentals.
Key Highlights
- 16 units, each with 2 bedrooms and 2 bathrooms
- Two‑story concrete block construction; built in 2026
- Tile flooring throughout all units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$219,516
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,390,320
$4.4M
Cap Rate 7%
$3,135,943
$3.1M
Cap Rate 9%
$2,439,067
$2.4M
Market Conditions
NOI Build-Up for 17,896 SF
Gross rent
$416.6K $23.28/SF
− Vacancy
−$17.5K −$0.98/SF
EGI
$399.1K $22.30/SF
− OpEx
−$179.6K −$10.04/SF
NOI
$219.5K $12.27/SF
Area
Cape Coral, FL
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,390,320
Cap Rate 7%
$3,135,943
Cap Rate 9%
$2,439,067
Alternative Uses
Best Use
Apartment 5plus
$3.14M
$2.74M – $3.66M
NOI $219,516 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.64M
$4.06M – $5.42M
NOI $325,049 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Explore this area
Business Placement
Demographics for 33991, FL
26,381
Population
11,563
Households
2.3
Avg Household Size
45
Median Age
25%
College-Educated
94%
High-School Grad
12.8 sq mi
ZIP Area
2,061
Density / Sq Mi
$82,927
Median Household Income
$41,773
Median Earnings
$1,914
Median Rent
$351,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The two-story concrete block property offers two-bedroom, two-bath units with tile flooring and upgraded kitchen finishes.
Where is this apartment building located?
The property is located at 111 SW 16th TER Cape Coral, FL.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: 16 units, each with 2 bedrooms and 2 bathrooms; Two‑story concrete block construction; built in 2026; Tile flooring throughout all units
