Eight-Bedroom Duplex with Porcelain
For Sale
$699,000
337-15335 Wall Dr, Fort Myers, FL 33908
Two-unit property with open-concept interiors, modern kitchens, and flexibility for short- or long-term leasing.
Property Size3,383 SF
Price / SF$206.62
Days on Market12
Property Features for 337-15335 Wall Dr
General Information
Standard status
Active
Size
3,383 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$417
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Magnus Brothers Realty LL
(786) 768-6672
Listed By:
Mariela Fajardo · License #279604050
(786) 768-6672
Source:
Exprealty
Added: Aug 3
Changed: Aug 13
Last Checked: Aug 14 at 10:39AM
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 Magnus Brothers Realty LL
Investment Insights
Based on property information with market context.
This duplex contains 8 bedrooms and 6 bathrooms across 3,383 SF. Each unit is arranged around an open-concept floor plan with a modern kitchen, generously sized bedrooms, and 24-by-24-inch porcelain tile flooring throughout. The layout supports both short-term vacation rental and long-term leasing strategies, as stated in the property information.
The property is located at 337-15335 Wall Dr in Fort Myers, Florida, approximately 10 minutes from Sanibel Island and Fort Myers Beach. The surrounding area includes beaches, shopping, restaurants, entertainment, hospitals, and major roadways. Its two-unit configuration and fully tiled interiors provide a defined residential income-property format for an owner or operator evaluating rental use.
The property is located at 337-15335 Wall Dr in Fort Myers, Florida, approximately 10 minutes from Sanibel Island and Fort Myers Beach. The surrounding area includes beaches, shopping, restaurants, entertainment, hospitals, and major roadways. Its two-unit configuration and fully tiled interiors provide a defined residential income-property format for an owner or operator evaluating rental use.
Key Highlights
- 8‑bedroom, 6‑bathroom duplex
- 3,383 SF property size
- Two units with open‑concept floor plans
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
$44,778
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
6.41%
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%
$895,560
$895.6K
Cap Rate 7%
$639,686
$639.7K
Cap Rate 9%
$497,533
$497.5K
Market Conditions
NOI Build-Up for 3,383 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
$67.0K $19.80/SF
− Vacancy
−$3.0K −$0.89/SF
EGI
$64.0K $18.91/SF
− OpEx
−$19.2K −$5.67/SF
NOI
$44.8K $13.24/SF
Area
Lee County, 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%
$895,560
Cap Rate 7%
$639,686
Cap Rate 9%
$497,533
Alternative Uses
Best Use
Multifamily LT 5
$639.7K
$559.7K – $746.3K
NOI $44,778 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$592.8K
$518.7K – $691.6K
NOI $41,497 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$1.06M
$931.7K – $1.24M
NOI $74,534 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
Explore this area
Business Placement
Demographics for 33908, FL
43,110
Population
32,067
Households
1.3
Avg Household Size
63
Median Age
44%
College-Educated
96%
High-School Grad
34.2 sq mi
ZIP Area
1,261
Density / Sq Mi
$74,711
Median Household Income
$50,063
Median Earnings
$1,829
Median Rent
$346,200
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-unit property with open-concept interiors, modern kitchens, and flexibility for short- or long-term leasing.
Where is this duplex located?
The property is located at 337-15335 Wall Dr Fort Myers, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 8‑bedroom, 6‑bathroom duplex; 3,383 SF property size; Two units with open‑concept floor plans
