Mixed-Use Duplex with Commercial
For Sale
$460,000
2826 Santa Barbara Boulevard, Cape Coral, FL 33914
MR zoning supports a live-work arrangement with commercial and residential components.
Property Size2,406 SF
Price / SF$191.19
Days on Market20
Property Features for 2826 Santa Barbara Boulevard
General Information
Standard status
Active
Size
2,406 SF
Property subtype
Multi-Family
Zoning
MR
Additional Details
Business Included
Yes
Multifamily Units
1
Building Details
Year Built
1983
Listing Agency:
Coldwell Banker Realty
(239) 201-9999
Listed By:
Chris Coultas · License #261556337
Source:
Swfloridarealestate
Added: Aug 10
Changed: Aug 28
Last Checked: Aug 29 at 12:12PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 2,406-square-foot mixed-use duplex, built in 1983, combines a commercial suite with an adjoining residential unit. The commercial side is configured for a pet grooming and daycare operation and includes grooming equipment and fixtures. An established client list is also included with the business. The residential unit provides separate living accommodations and can be owner-occupied or rented.
The property is located at 2826 Santa Barbara Boulevard in Cape Coral, surrounded by established neighborhoods and local businesses. It includes convenient parking and supports live-work functionality within a single property. MR (Marketplace Residential) zoning accommodates uses identified in the source, including pet grooming, pet daycare, veterinary services, daycare facilities, professional offices, duplex living, and work-from-home businesses.
The property is located at 2826 Santa Barbara Boulevard in Cape Coral, surrounded by established neighborhoods and local businesses. It includes convenient parking and supports live-work functionality within a single property. MR (Marketplace Residential) zoning accommodates uses identified in the source, including pet grooming, pet daycare, veterinary services, daycare facilities, professional offices, duplex living, and work-from-home businesses.
Key Highlights
- 2,406 SF mixed‑use duplex with commercial and residential components
- MR (Marketplace Residential) zoning
- Commercial side includes pet grooming equipment and fixtures
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
$34,051
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
7.40%
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%
$681,020
$681.0K
Cap Rate 7%
$486,443
$486.4K
Cap Rate 9%
$378,344
$378.3K
Market Conditions
NOI Build-Up for 2,406 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
$53.4K $22.20/SF
− Vacancy
−$8.0K −$3.33/SF
EGI
$45.4K $18.87/SF
− OpEx
−$11.4K −$4.72/SF
NOI
$34.1K $14.15/SF
Area
Cape Coral, FL
Vacancy
15.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
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%
$681,020
Cap Rate 7%
$486,443
Cap Rate 9%
$378,344
Alternative Uses
Best Use
Office B
$486.4K
$425.6K – $567.5K
NOI $34,051 @ 7.0% cap · market cap 7.40%
Second Best
Multifamily LT 5
$455.0K
$398.1K – $530.8K
NOI $31,847 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$624.3K
$546.3K – $728.4K
NOI $43,701 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
Explore this area
Business Placement
Demographics for 33914, FL
42,222
Population
22,936
Households
1.8
Avg Household Size
52
Median Age
28%
College-Educated
95%
High-School Grad
22.4 sq mi
ZIP Area
1,885
Density / Sq Mi
$75,557
Median Household Income
$41,672
Median Earnings
$1,714
Median Rent
$408,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - MR zoning supports a live-work arrangement with commercial and residential components.
Where is this mixed-use property located?
The property is located at 2826 Santa Barbara Boulevard Cape Coral, FL.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: 2,406 SF mixed‑use duplex with commercial and residential components; MR (Marketplace Residential) zoning; Commercial side includes pet grooming equipment and fixtures
