Canal-Access
New
For Sale
$489,900
125 Cultural Park Boulevard S, Cape Coral, FL 33990
Residential, Cape Coral, FL
Property Size2,822 SF
Lot Size0.23 Acres
Price / SF$173.60
Days on Market2
Property Features for 125 Cultural Park Boulevard S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RML
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 4
Parking features
Open, Garage
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
BreakfastBar, BedroomOnMainLevel, ClosetCabinetry, CathedralCeilings, EatInKitchen, ShowerOnly, SeparateShower, CableTv, WalkInClosets
Exterior features
SprinklerIrrigation, ShuttersManual
Appliances
Dishwasher, ElectricCooktop, Freezer, Disposal, Microwave, Refrigerator, SelfCleaningOven
Subdivision
CAPE CORAL
Lot features
Sprinklers Manual
View
Water
Directions
Please follow directions by GPS
Standard status
Active
APN
13-44-23-C2-01114.0130
Size
2,822 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CAPE CORAL UNIT 23 BLK 1114 PB 14 PG 51 LOTS 13 + 14
Tax Annual Amount
9275
Legal Description
CAPE CORAL UNIT 23 BLK 1114 PB 14 PG 51 LOTS 13 + 14
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Ceiling Fan(s), Electric
Water front features
Canal Access
Water front
1
Building Details
Year built
2003
Floors in Building
1
Flooring type
Tile, Laminate
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Royal Shell Real Estate, Inc.
(239) 322-5680
Listed By:
Kimberly Wallace · License #258035318
(239) 645-2074
Added: Aug 31
Last Checked: Sep 1 at 12:06AM
MLS# 2026036834
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.
Investment Insights
Based on property information with market context.
Built in 2003, this duplex includes two residential units with matching two-bedroom, two-bathroom layouts. Each side includes an eat-in kitchen, open living areas, cathedral ceilings, walk-in closets, and a primary bedroom with a private bath. The property is constructed of block, concrete, and stucco, with laminate and tile flooring, central electric heating and cooling, and a shingle roof.
The 0.23-acre site provides canal access and includes a porch, landscaped grounds with irrigation, manual shutters, and both open and garage parking. Public sewer serves the property, while the kitchens include electric cooktops, dishwashers, refrigerators, microwaves, disposals, and self-cleaning ovens. The property is located in Cape Coral, Florida.
The 0.23-acre site provides canal access and includes a porch, landscaped grounds with irrigation, manual shutters, and both open and garage parking. Public sewer serves the property, while the kitchens include electric cooktops, dishwashers, refrigerators, microwaves, disposals, and self-cleaning ovens. The property is located in Cape Coral, Florida.
Key Highlights
- Duplex with two 2‑bedroom, 2‑bathroom units
- 0.23‑acre site with canal access
- Built in 2003 with block, concrete, and stucco construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,353
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$747,060
$747.1K
Cap Rate 7%
$533,614
$533.6K
Cap Rate 9%
$415,033
$415.0K
Market Conditions
NOI Build-Up for 2,822 SF
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.
Gross rent
$55.9K $19.80/SF
− Vacancy
−$2.5K −$0.89/SF
EGI
$53.4K $18.91/SF
− OpEx
−$16.0K −$5.67/SF
NOI
$37.4K $13.24/SF
Area
Cape Coral, FL
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$747,060
Cap Rate 7%
$533,614
Cap Rate 9%
$415,033
Alternative Uses
Best Use
Multifamily LT 5
$533.6K
$466.9K – $622.6K
NOI $37,353 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$494.5K
$432.7K – $576.9K
NOI $34,615 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$732.2K
$640.7K – $854.3K
NOI $51,257 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
Explore this area
Business Placement
Demographics for 33990, FL
32,717
Population
15,483
Households
2.1
Avg Household Size
47
Median Age
24%
College-Educated
89%
High-School Grad
9.3 sq mi
ZIP Area
3,518
Density / Sq Mi
$70,278
Median Household Income
$38,588
Median Earnings
$1,643
Median Rent
$330,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature matching layouts with open living areas, eat-in kitchens, and private outdoor access.
Where is this duplex located?
The property is located at 125 Cultural Park Boulevard S Cape Coral, FL.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 2‑bathroom units; 0.23‑acre site with canal access; Built in 2003 with block, concrete, and stucco construction
