Two-Unit Duplex with Impact
New
For Sale
$750,000
236 Hancock Bridge PKWY, Cape Coral, FL 33990
Each residence offers four bedrooms, full kitchens, laundry accommodations, and generous living areas.
Property Size3,170 SF
Lot Size0.37 Acres
Price / SF$191.23
Days on Market4
Property Features for 236 Hancock Bridge PKWY
General Information
Standard status
Active
Size
3,170 SF
Lot size
0.37 Acres
Property subtype
Duplex
Units
Unit Mix
2 x 4BR/3.5BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$13,086
Amenities
fenced outdoor area
patio
storage
laundry
Building Details
Building Size
3,170 SF
Year Built
2020
Buildings
1
Listing Agency:
RE/MAX Realty Team
Listed By:
Yordanka Hernandez
Source:
Kwelevate
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 6:49AM
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 Realty Team
Investment Insights
Based on property information with market context.
Built in 2020, this duplex contains two residences, each with four bedrooms, three full bathrooms, a half bath, living areas, a full kitchen, and laundry accommodations. A flexible fourth-bedroom area has a separate entrance, bathroom, and A/C. Impact glass and central A/C serve the property, with public water and sewer; assessments are paid.
The property occupies an approximately 0.37-acre corner lot in Cape Coral. Outdoor features include a fenced area, patio space, and additional storage. Shopping, dining, schools, and everyday necessities are nearby, with access throughout Cape Coral and into Fort Myers.
The property occupies an approximately 0.37-acre corner lot in Cape Coral. Outdoor features include a fenced area, patio space, and additional storage. Shopping, dining, schools, and everyday necessities are nearby, with access throughout Cape Coral and into Fort Myers.
Key Highlights
- Two residences, each with 4 bedrooms, 3 full bathrooms, and 1 half bath
- Built in 2020 with impact glass and central A/C
- Approximately 0.37‑acre corner lot with fenced outdoor area and patio space
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
$51,913
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
6.92%
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%
$1,038,260
$1.0M
Cap Rate 7%
$741,614
$741.6K
Cap Rate 9%
$576,811
$576.8K
Market Conditions
NOI Build-Up for 3,922 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
$77.7K $19.80/SF
− Vacancy
−$3.5K −$0.89/SF
EGI
$74.2K $18.91/SF
− OpEx
−$22.2K −$5.67/SF
NOI
$51.9K $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%
$1,038,260
Cap Rate 7%
$741,614
Cap Rate 9%
$576,811
Alternative Uses
Best Use
Multifamily LT 5
$741.6K
$648.9K – $865.2K
NOI $51,913 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$687.3K
$601.4K – $801.8K
NOI $48,108 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$1.02M
$890.5K – $1.19M
NOI $71,236 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
549
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 - Each residence offers four bedrooms, full kitchens, laundry accommodations, and generous living areas.
Where is this duplex located?
The property is located at 236 Hancock Bridge PKWY Cape Coral, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two residences, each with 4 bedrooms, 3 full bathrooms, and 1 half bath; Built in 2020 with impact glass and central A/C; Approximately 0.37‑acre corner lot with fenced outdoor area and patio space
