403 Hancock Bridge Parkway 1-5 Cape Coral, FL 33990
Multi-family 5-plex with new roof and income potential.
- Added:
- Aug 1, 2024
- Days on Market:
- 709
- Last Refresh:
- May 19 at 11:30 pm
Property Features for 403 Hancock Bridge Parkway 1-5
General Information
- Standard status
- Active
- Size
- 4,300 SF
- Lot size
- 0.36 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1982
Listing office Real Broker, LLC (239) 919-7444
Listing date Aug 1, 2024
Source Exitrealty
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Multi‑family 5‑plex with 10 bedrooms and 5 baths, totaling approximately 4300 sq ft.
- New 2023 dimensional shingle roof for maximized efficiency.
- Each unit has its own electric and water meters with tenants paying utilities.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.1k | $23.28 |
| − Vacancy | −$4.2k | −$0.98 |
| EGI | $95.9k | $22.30 |
| − OpEx | −$43.2k | −$10.04 |
| NOI | $52.7k | $12.27 |
