Gulf-Access
For Sale
$485,000
914 914/916 Se 14th Ter, Cape Coral, FL 33990
Two-bedroom units offer attached garages, granite kitchens, screened lanais, and updated plumbing.
Property Size1,918 SF
Price / SF$252.87
Days on Market29
Property Features for 914 914/916 Se 14th Ter
General Information
Standard status
Active
Size
1,918 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Amenities
screened lanais
granite kitchen countertops
Building Details
Year Built
1995
Buildings
1
Listing Agency:
Compass Florida LLC
(239) 256-3733
Listed By:
Mike Darda · License #252000001
Source:
Swfloridarealestate
Added: Jul 31
Changed: Aug 28
Last Checked: Aug 25 at 5:32AM
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 Compass Florida LLC
Investment Insights
Based on property information with market context.
This duplex contains 1,918 square feet across two residential units, each arranged with two bedrooms and one bathroom. Both sides include an attached one-car garage, granite kitchen countertops, and a screened lanai. Plumbing updates were completed in 2021, and the property was built in 1995.
Set along a canal in Cape Coral, the property provides boating access to the Gulf. A private dock may be installed, subject to applicable requirements, adding a potential waterfront amenity for future occupants or an owner-occupant. The address is 914/916 SE 14th Terrace, Cape Coral, Florida 33990.
Set along a canal in Cape Coral, the property provides boating access to the Gulf. A private dock may be installed, subject to applicable requirements, adding a potential waterfront amenity for future occupants or an owner-occupant. The address is 914/916 SE 14th Terrace, Cape Coral, Florida 33990.
Key Highlights
- 1,918‑square‑foot duplex with two residential units
- Each unit includes 2 bedrooms and 1 bathroom
- Attached one‑car garage for each side
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
$25,387
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
5.23%
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%
$507,740
$507.7K
Cap Rate 7%
$362,671
$362.7K
Cap Rate 9%
$282,078
$282.1K
Market Conditions
NOI Build-Up for 1,918 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
$38.0K $19.80/SF
− Vacancy
−$1.7K −$0.89/SF
EGI
$36.3K $18.91/SF
− OpEx
−$10.9K −$5.67/SF
NOI
$25.4K $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%
$507,740
Cap Rate 7%
$362,671
Cap Rate 9%
$282,078
Alternative Uses
Best Use
Multifamily LT 5
$362.7K
$317.3K – $423.1K
NOI $25,387 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$336.1K
$294.1K – $392.1K
NOI $23,527 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$497.7K
$435.5K – $580.6K
NOI $34,837 @ 7.0% cap · market cap 7.18%
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
568
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-bedroom units offer attached garages, granite kitchens, screened lanais, and updated plumbing.
Where is this duplex located?
The property is located at 914 914/916 Se 14th Ter Cape Coral, FL.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 1,918‑square‑foot duplex with two residential units; Each unit includes 2 bedrooms and 1 bathroom; Attached one‑car garage for each side
