Newly Built
For Sale
$550,000
3106-3108 SE Santa Barbara Place, Cape Coral, FL 33904
ResidentialIncome, Cape Coral, FL
Property Size2,500 SF
Lot Size0.34 Acres
Price / SF$220
Days on Market217
Property Features for 3106-3108 SE Santa Barbara Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RML
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 6, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 4, Bedroom 3
Pets allowed
Yes
Subdivision
CAPE CORAL
Lot features
Rectangular Lot
Directions
From I-75, take Exit 143 toward Pine Island Rd. Head west on Pine Island Rd, turn left onto Santa Barbara Blvd S, then turn left onto SE Santa Barbara Pl. Continue to 3106/3108 SE Santa Barbara Pl on the left.
Standard status
Active
APN
36-44-23-C4-00872.0440
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CAPE CORAL UNIT 26 BLK 872 PB 14 PG 127 LOTS 44 45 46
Tax Annual Amount
10701
Legal Description
CAPE CORAL UNIT 26 BLK 872 PB 14 PG 127 LOTS 44 45 46
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
2024
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Panther Management
(239) 699-1990
Listed By:
Mari Ruiz Vallejo · License #249528262
(239) 330-5071
Added: Jan 28
Changed: Aug 31
Last Checked: Sep 2 at 4:06AM
MLS# 2026004960
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Completed in 2024, this duplex contains two 3-bedroom, 2-bath residences with 2,500 square feet under air, or 1,250 square feet per unit. Each side includes a 1-car garage, private lanai, double sliding glass doors, and a ranch-style layout. One unit is already leased.
Interior finishes include 9'4" ceilings, 42" shaker cabinets, quartz countertops, stainless steel appliances, luxury vinyl plank flooring, ceiling fans, and contemporary fixtures. Hurricane impact windows are installed throughout. The property sits on a 0.344-acre lot at 3106-3108 SE Santa Barbara Place in Cape Coral, with public water and public sewer service. Construction includes block, concrete, and stucco, with a shingle roof, central electric heating, central air conditioning, and electric cooling.
Interior finishes include 9'4" ceilings, 42" shaker cabinets, quartz countertops, stainless steel appliances, luxury vinyl plank flooring, ceiling fans, and contemporary fixtures. Hurricane impact windows are installed throughout. The property sits on a 0.344-acre lot at 3106-3108 SE Santa Barbara Place in Cape Coral, with public water and public sewer service. Construction includes block, concrete, and stucco, with a shingle roof, central electric heating, central air conditioning, and electric cooling.
Key Highlights
- 2024‑built duplex with two 3‑bedroom, 2‑bath units
- 2,500 square feet under air; 1,250 square feet per unit
- Each unit includes a 1‑car garage and private lanai
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
$33,091
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
6.02%
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%
$661,820
$661.8K
Cap Rate 7%
$472,729
$472.7K
Cap Rate 9%
$367,678
$367.7K
Market Conditions
NOI Build-Up for 2,500 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
$49.5K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$47.3K $18.91/SF
− OpEx
−$14.2K −$5.67/SF
NOI
$33.1K $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%
$661,820
Cap Rate 7%
$472,729
Cap Rate 9%
$367,678
Alternative Uses
Best Use
Multifamily LT 5
$472.7K
$413.6K – $551.5K
NOI $33,091 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$438.1K
$383.3K – $511.1K
NOI $30,666 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$648.7K
$567.6K – $756.8K
NOI $45,408 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
293
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two mirrored residences combine modern finishes, private lanais, garages, and durable impact-rated windows.
Where is this duplex located?
The property is located at 3106-3108 SE Santa Barbara Place Cape Coral, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2024‑built duplex with two 3‑bedroom, 2‑bath units; 2,500 square feet under air; 1,250 square feet per unit; Each unit includes a 1‑car garage and private lanai
