Six-Unit Apartment
For Sale
$1,800,000
3505 Skyline Boulevard, Cape Coral, FL 33914
Brand-new multifamily property with spacious layouts, contemporary finishes, and two units already pre-leased.
Property Size8,100 SF
Price / SF$222.22
Days on Market61
Property Features for 3505 Skyline Boulevard
General Information
Standard status
Active
Size
8,100 SF
Property subtype
Multi Family
Units
Unit Mix
6 x 2BR/2BA with den
Multifamily Units
6
Building Details
Buildings
1
Listing Agency:
ONE Commercial LLC
(305) 666-0562
Listed By:
Zachariah Aviv Statlander · License #A11926037
(561) 702-2015
Source:
Lehmannflorida
Added: Aug 19
Changed: Oct 16
Last Checked: Oct 16 at 9:54AM
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 ONE Commercial LLC
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Investment Insights
Based on property information with market context.
This brand-new apartment building contains six units, each arranged with two bedrooms, two bathrooms, and a den. Interior features include premium flooring, contemporary kitchens, impact-rated windows and doors, and open-concept living areas. The configuration provides consistent residential layouts across the property.
Located at 3505 Skyline Blvd in Cape Coral, the property is minutes from major retail, schools, parks, and the city’s canal system. Two units are already pre-leased, providing established leasing activity at the property. The building is classified as an apartment building and offers a recently constructed multifamily format in a growing Florida city.
Located at 3505 Skyline Blvd in Cape Coral, the property is minutes from major retail, schools, parks, and the city’s canal system. Two units are already pre-leased, providing established leasing activity at the property. The building is classified as an apartment building and offers a recently constructed multifamily format in a growing Florida city.
Key Highlights
- Six (6) unit multifamily building at 3505 Skyline Blvd, Cape Coral, FL 33914
- Each unit includes 2 bedrooms, 2 bathrooms, and a den
- Brand‑new construction with impact‑rated windows and doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,356
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,987,120
$2.0M
Cap Rate 7%
$1,419,371
$1.4M
Cap Rate 9%
$1,103,956
$1.1M
Market Conditions
NOI Build-Up for 8,100 SF
Gross rent
$188.6K $23.28/SF
− Vacancy
−$7.9K −$0.98/SF
EGI
$180.6K $22.30/SF
− OpEx
−$81.3K −$10.04/SF
NOI
$99.4K $12.27/SF
Area
Cape Coral, FL
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,987,120
Cap Rate 7%
$1,419,371
Cap Rate 9%
$1,103,956
Alternative Uses
Best Use
Apartment 5plus
$1.42M
$1.24M – $1.66M
NOI $99,356 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $147,122 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
213
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Brand-new multifamily property with spacious layouts, contemporary finishes, and two units already pre-leased.
Where is this apartment building located?
The property is located at 3505 Skyline Boulevard Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Six (6) unit multifamily building at 3505 Skyline Blvd, Cape Coral, FL 33914; Each unit includes 2 bedrooms, 2 bathrooms, and a den; Brand‑new construction with impact‑rated windows and doors
