New Construction Duplex with
For Sale
$675,000
2926 VASCO STREET, Punta Gorda, FL 33950
Two attached residences feature three-bedroom layouts, screened porches, private garages, and contemporary interior finishes.
Property Size2,657 SF
Price / SF$254.05
Days on Market631
Property Features for 2926 VASCO STREET
General Information
Standard status
Active
Size
2,657 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$490
Building Details
Year Built
2024
Listing Agency:
RE/MAX ALLIANCE GROUP
(941) 456-1155
Listed By:
Gerald Hayes · License #625093
(941) 456-1155
Source:
Exitrealty
Added: Dec 8, 2024
Changed: Aug 31
Last Checked: Aug 31 at 5:48PM
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 RE/MAX ALLIANCE GROUP
Investment Insights
Based on property information with market context.
Completed in 2024, this 2,657-square-foot duplex contains two residences, each with 3 Bedrooms, 2 Bathrooms, and an attached one Car Garage. Both units use an open, split-bedroom arrangement with a Great Room, dining area, kitchen, interior laundry, and screened outdoor spaces. Kitchen appointments include quartz countertops, wood cabinetry, a pantry, breakfast bar, center island, and supplied appliances. Primary suites offer dual closet storage and private baths, while luxury vinyl plank flooring, tiled bathrooms, high-impact windows, metal roofing, and neutral finishes continue throughout.
Each residence includes a screened front porch, an 18x9 rear screened porch, and access to a 15x15 backyard patio. Garage features include an epoxy floor, storage shelving, raised HWH, and opener. The property has no HOA and is 2 minutes from historic downtown Punta Gorda, with shopping, dining, medical care, waterfront parks, boat ramps, marinas, and walking and biking paths nearby.
Each residence includes a screened front porch, an 18x9 rear screened porch, and access to a 15x15 backyard patio. Garage features include an epoxy floor, storage shelving, raised HWH, and opener. The property has no HOA and is 2 minutes from historic downtown Punta Gorda, with shopping, dining, medical care, waterfront parks, boat ramps, marinas, and walking and biking paths nearby.
Key Highlights
- 2024‑built duplex totaling 2,657 square feet
- Each unit includes 3 Bedrooms, 2 Bathrooms, and an attached one Car Garage
- Two screened porches per residence, including an 18x9 rear porch
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
$25,703
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
3.81%
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%
$514,060
$514.1K
Cap Rate 7%
$367,186
$367.2K
Cap Rate 9%
$285,589
$285.6K
Market Conditions
NOI Build-Up for 2,657 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
$45.3K $17.04/SF
− Vacancy
−$8.6K −$3.22/SF
EGI
$36.7K $13.82/SF
− OpEx
−$11.0K −$4.15/SF
NOI
$25.7K $9.67/SF
Area
Charlotte County, FL
Vacancy
18.90%
Lease Rate
$17.04 /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%
$514,060
Cap Rate 7%
$367,186
Cap Rate 9%
$285,589
Alternative Uses
Best Use
Multifamily LT 5
$367.2K
$321.3K – $428.4K
NOI $25,703 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$335.1K
$293.2K – $391.0K
NOI $23,458 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$870.0K
$761.2K – $1.01M
NOI $60,898 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
Explore this area
Business Placement
Demographics for 33950, FL
24,984
Population
16,748
Households
1.5
Avg Household Size
66
Median Age
36%
College-Educated
95%
High-School Grad
17.8 sq mi
ZIP Area
1,404
Density / Sq Mi
$74,484
Median Household Income
$46,032
Median Earnings
$1,192
Median Rent
$393,500
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 attached residences feature three-bedroom layouts, screened porches, private garages, and contemporary interior finishes.
Where is this duplex located?
The property is located at 2926 VASCO STREET Punta Gorda, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 2024‑built duplex totaling 2,657 square feet; Each unit includes 3 Bedrooms, 2 Bathrooms, and an attached one Car Garage; Two screened porches per residence, including an 18x9 rear porch
