Furnished 16-Unit Vacation Rental
For Sale
$9,500,000
5126 Coronado Pkwy, Cape Coral, FL 33904
Direct Gulf access complements private boating amenities, covered parking, and a saltwater pool.
Property Size26,440 SF
Days on Market13
Property Features for 5126 Coronado Pkwy
General Information
Standard status
Active
Size
26,440 SF
Total Parking Spaces
32
Property subtype
Commercial
Additional Details
Furnished
Yes
Multifamily Units
16
Taxes and HOA fees
Annual Taxes
$99,500
Amenities
saltwater pool
tile flooring throughout
granite countertops
stainless steel appliances
private boat slips
direct Gulf access
Building Details
Building Size
26,440 SF
Year Built
2023
Stories
3
Listed By:
Paulette DuCharme
(239) 738-5973
Source:
Elliman
Added: Aug 21
Changed: Aug 23
Last Checked: Sep 1 at 9:45PM
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 Paulette DuCharme
Investment Insights
Based on property information with market context.
This fully furnished short-term rental property contains 16 units with a mix of two- and three-bedroom layouts, including three-bedroom, two-bath units. Interior finishes include tile flooring, granite countertops, and stainless steel appliances. The property also features a saltwater pool, 32 covered parking spaces, and 16 private boat slips.
Located at 5126 Coronado Pkwy in Cape Coral, the property offers direct Gulf access and is within walking distance of downtown Cape Coral and the Cape Coral Yacht Club. It is also near the Bimini East development and within a short boat ride of Bimini Square. Built in 2023, the property combines furnished accommodations with on-site boating and recreational amenities.
Located at 5126 Coronado Pkwy in Cape Coral, the property offers direct Gulf access and is within walking distance of downtown Cape Coral and the Cape Coral Yacht Club. It is also near the Bimini East development and within a short boat ride of Bimini Square. Built in 2023, the property combines furnished accommodations with on-site boating and recreational amenities.
Key Highlights
- 16 fully furnished short‑term rental units
- Unit mix includes two- and three‑bedroom layouts, including 3 Bed/2 Bath units
- 16 private boat slips with direct Gulf access
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
$324,319
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
3.41%
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%
$6,486,380
$6.5M
Cap Rate 7%
$4,633,129
$4.6M
Cap Rate 9%
$3,603,544
$3.6M
Market Conditions
NOI Build-Up for 26,440 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
$615.5K $23.28/SF
− Vacancy
−$25.9K −$0.98/SF
EGI
$589.7K $22.30/SF
− OpEx
−$265.4K −$10.04/SF
NOI
$324.3K $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 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%
$6,486,380
Cap Rate 7%
$4,633,129
Cap Rate 9%
$3,603,544
Alternative Uses
Best Use
Apartment 5plus
$4.63M
$4.05M – $5.41M
NOI $324,319 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.86M
$6.00M – $8.00M
NOI $480,235 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
1,365
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?
Short term rental property - Direct Gulf access complements private boating amenities, covered parking, and a saltwater pool.
Where is this short term rental property located?
The property is located at 5126 Coronado Pkwy Cape Coral, FL.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: 16 fully furnished short‑term rental units; Unit mix includes two- and three‑bedroom layouts, including 3 Bed/2 Bath units; 16 private boat slips with direct Gulf access
