Duplex with Screened
For Sale
$479,900
2937 2937-3001 Santa Barbara Blvd Unit 3001, Cape Coral, FL 33914
Each residence includes tile flooring, vaulted ceilings, and garage access.
Property Size2,726 SF
Price / SF$176.05
Days on Market29
Property Features for 2937 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
Building Details
Year Built
2006
Listing Agency:
Blue Sky Builders & Realty
(239) 823-3373
Listed By:
Donna Gross · License #252000526
Source:
Swfloridarealestate
Added: Aug 4
Changed: Aug 31
Last Checked: Aug 31 at 7:34PM
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-square-foot duplex contains two residential units, each offering 1,363 square feet with 3 bedrooms and 2 bathrooms. Both residences include a 2-car garage, screened lanai, tile flooring throughout, and vaulted ceilings. Interior and exterior painting has been completed, and the property was custom built in 2006 for its original owner.
Located at 2937-3001 Santa Barbara Blvd in Cape Coral, the duplex provides matching layouts and features across both units. The configuration combines substantial living areas with attached garage space and screened outdoor areas, creating a consistent setup throughout the property.
Located at 2937-3001 Santa Barbara Blvd in Cape Coral, the duplex provides matching layouts and features across both units. The configuration combines substantial living areas with attached garage space and screened outdoor areas, creating a consistent setup throughout the property.
Key Highlights
- 2,726 SF duplex with two 1,363 SF units
- Each unit has 3 bedrooms and 2 bathrooms
- 2‑car garage and screened lanai for 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 - Each residence includes tile flooring, vaulted ceilings, and garage access.
Where is this duplex located?
The property is located at 2937 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: 2,726 SF duplex with two 1,363 SF units; Each unit has 3 bedrooms and 2 bathrooms; 2‑car garage and screened lanai for each unit
