Building Details

Year Built 1984

Listing Agency: Realty One Group MVP

Listed By: Jeannette Di Leo · License #N636010 Show Phone

Source: Napleshomesearches

Added: Jul 25 Changed: Oct 13 Last Checked: Oct 12 at 7:51PM

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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 Realty One Group MVP

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,494

Cap Rate

6.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$689,880 $689.9K

Cap Rate 7%

$492,771 $492.8K

Cap Rate 9%

$383,267 $383.3K

Market Conditions

NOI Build-Up for 2,606 SF

Gross rent

$51.6K $19.80/SF

− Vacancy

−$2.3K −$0.89/SF

EGI

$49.3K $18.91/SF

− OpEx

−$14.8K −$5.67/SF

NOI

$34.5K $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 Rate 5%

$689,880

Cap Rate 7%

$492,771

Cap Rate 9%

$383,267

Alternative Uses

Best Use

Multifamily LT 5

$492.8K

$431.2K – $574.9K (±1% cap)

NOI $34,494 @ 7.0% cap · market cap 6.57%

Second Best

Apartment 5plus

$456.7K

$399.6K – $532.8K (±1% cap)

NOI $31,966 @ 7.0% cap · market cap 6.09%

Theoretical Best

Office A

$676.2K

$591.7K – $788.9K (±1% cap)

NOI $47,333 @ 7.0% cap · market cap 9.02%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Restaurant Hair Salon Spa & Massage Center Building Supply Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

310

Businesses Nearby

Explore this area Business Placement

Demographics for 33904, FL

32,029

Population

20,401

Households

1.6

Avg Household Size

56

Median Age

29%

College-Educated

95%

High-School Grad

9.7 sq mi

ZIP Area

3,302

Density / Sq Mi

$66,933

Median Household Income

$43,829

Median Earnings

$1,665

Median Rent

$347,100

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

Where is this duplex located?

The property is located at 227-225 Cape Coral Pkwy E Cape Coral, FL.

What is the asking price?

The asking price for this property is $525,000.