Updated Duplex with Private
For Sale
$379,000
4402 Santa Barbara Blvd, Cape Coral, FL 33914
Two residential units feature flexible living areas, updated kitchens, private patios, and generous backyard space.
Property Size2,220 SF
Price / SF$170.72
Days on Market8
Property Features for 4402 Santa Barbara Blvd
General Information
Standard status
Active
Size
2,220 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,027
Building Details
Buildings
1
Listing Agency:
John R. Wood Properties
(239) 209-6611
Listed By:
Christina Porter · License #252000471
(239) 209-6611
Source:
Exprealty
Added: Aug 5
Changed: Aug 10
Last Checked: Aug 11 at 12:21PM
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 updated duplex contains two residential units, each arranged with separate living, dining, and family rooms. Interior improvements include crown molding, remote-controlled lighting, ceiling fans, white shaker cabinetry, granite countertops, updated vanities, contemporary shower tile, and modern sliding closet doors. Each kitchen includes room for a breakfast table or baker’s rack, while a pass-through breakfast bar connects to the family room. Triple sliding glass doors open from the family room to a private patio and backyard area.
The property totals 2,220 square feet and includes a horseshoe driveway with off-street parking. One unit is currently available, supporting an owner-occupant arrangement or tenant placement in the second unit. The configuration also provides flexibility for extended-family living or continued use as a two-unit rental property.
The property totals 2,220 square feet and includes a horseshoe driveway with off-street parking. One unit is currently available, supporting an owner-occupant arrangement or tenant placement in the second unit. The configuration also provides flexibility for extended-family living or continued use as a two-unit rental property.
Key Highlights
- 2,220‑square‑foot duplex with two residential units
- Each unit includes separate living, dining, and family rooms
- Updated kitchens with white shaker cabinets and granite countertops
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
Property Profile
Current Use
Lease Details
2
Residential units
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature flexible living areas, updated kitchens, private patios, and generous backyard space.
Where is this duplex located?
The property is located at 4402 Santa Barbara Blvd 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: 2,220‑square‑foot duplex with two residential units; Each unit includes separate living, dining, and family rooms; Updated kitchens with white shaker cabinets and granite countertops
