Duplex with Central
For Sale
$379,000
4402-4404 Santa Barbara Boulevard, Cape Coral, FL 33914
R3-D-zoned duplex with electric systems and ceiling fans.
Property Size2,220 SF
Days on Market8
Property Features for 4402-4404 Santa Barbara Boulevard
General Information
Standard status
Active
Size
2,220 SF
Property subtype
Residential Income
Zoning
R3-D
Taxes and HOA fees
Annual Taxes
$5,776
Amenities
Central Air, Ceiling Fan(s), Electric
Central, Electric
Duplex
Building Details
Building Size
2,220 SF
Year Built
1978
Listing Agency:
John R. Wood Properties
(239) 209-6611
Listed By:
Christina Porter · License #252000471
(239) 209-6611
Source:
Evrealestate
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 11 at 6:44AM
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 John R. Wood Properties
Investment Insights
Based on property information with market context.
This duplex property contains two residential units and was built in 1978. Interior features include central air, ceiling fans, and electric systems. The property is identified as R3-D zoning and is located at 4402-4404 Santa Barbara Boulevard in Cape Coral, Florida.
Key Highlights
- Duplex property with two residential units
- Built in 1978
- R3‑D zoning
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
$29,385
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
7.75%
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%
$587,700
$587.7K
Cap Rate 7%
$419,786
$419.8K
Cap Rate 9%
$326,500
$326.5K
Market Conditions
NOI Build-Up for 2,220 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
$44.0K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$42.0K $18.91/SF
− OpEx
−$12.6K −$5.67/SF
NOI
$29.4K $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%
$587,700
Cap Rate 7%
$419,786
Cap Rate 9%
$326,500
Alternative Uses
Best Use
Multifamily LT 5
$419.8K
$367.3K – $489.8K
NOI $29,385 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$389.0K
$340.4K – $453.9K
NOI $27,231 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$576.0K
$504.0K – $672.0K
NOI $40,322 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
191
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R3-D-zoned duplex with electric systems and ceiling fans.
Where is this duplex located?
The property is located at 4402-4404 Santa Barbara Boulevard Cape Coral, FL.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Duplex property with two residential units; Built in 1978; R3‑D zoning
