Freshly Painted Duplex with
For Sale
$479,900
2937-3001 Santa Barbara Blvd Unit 3001, Cape Coral, FL 33914
Two spacious three-bedroom units offer private garages, screened lanais, tile flooring, and vaulted ceilings.
Property Size2,726 SF
Price / SF$176.05
Days on Market114
Property Features for 2937-3001 Santa Barbara Blvd Unit 3001
General Information
Standard status
Active
Size
2,726 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Amenities
screened lanai
tile floor
vaulted ceilings
Building Details
Year Built
2006
Buildings
1
Listing Agency:
Blue Sky Builders & Realty
(239) 823-3373
Listed By:
Donna Gross · License #252000526
Source:
Naplesareapropertysearch
Added: May 10
Changed: Aug 28
Last Checked: Aug 30 at 5:51PM
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 Blue Sky Builders & Realty
Investment Insights
Based on property information with market context.
This 2,726 SF duplex contains two separately configured residences, each measuring 1,363 SF with three bedrooms, two bathrooms, and a two-car garage. Both units include screened lanais, tile flooring throughout, and vaulted ceilings. Interior and exterior painting has been completed, providing a refreshed finish across the property.
Built in 2006, the property is located at 2937-3001 Santa Barbara Blvd, Unit 3001, in Cape Coral, Florida. The combination of matching unit layouts, private garage capacity, and durable interior finishes creates a straightforward multifamily configuration for residential income ownership.
Built in 2006, the property is located at 2937-3001 Santa Barbara Blvd, Unit 3001, in Cape Coral, Florida. The combination of matching unit layouts, private garage capacity, and durable interior finishes creates a straightforward multifamily configuration for residential income ownership.
Key Highlights
- Two‑unit duplex totaling 2,726 SF
- Each unit offers 1,363 SF, 3 bedrooms, and 2 bathrooms
- Two‑car garage included with each unit
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
$36,082
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
7.52%
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%
$721,640
$721.6K
Cap Rate 7%
$515,457
$515.5K
Cap Rate 9%
$400,911
$400.9K
Market Conditions
NOI Build-Up for 2,726 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
$54.0K $19.80/SF
− Vacancy
−$2.4K −$0.89/SF
EGI
$51.5K $18.91/SF
− OpEx
−$15.5K −$5.67/SF
NOI
$36.1K $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%
$721,640
Cap Rate 7%
$515,457
Cap Rate 9%
$400,911
Alternative Uses
Best Use
Multifamily LT 5
$515.5K
$451.0K – $601.4K
NOI $36,082 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$477.7K
$418.0K – $557.3K
NOI $33,438 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$707.3K
$618.9K – $825.2K
NOI $49,513 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
64
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two spacious three-bedroom units offer private garages, screened lanais, tile flooring, and vaulted ceilings.
Where is this duplex located?
The property is located at 2937-3001 Santa Barbara Blvd Unit 3001 Cape Coral, FL.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,726 SF; Each unit offers 1,363 SF, 3 bedrooms, and 2 bathrooms; Two‑car garage included with each unit
