Gulf-Access Waterfront
New
For Sale
$499,900
5227 Coronado Pkwy, Cape Coral, FL 33904
Two separate residences each include a screened lanai, with a carport on one side and a den on the other.
Property Size2,200 SF
Price / SF$227.23
Days on Market5
Property Features for 5227 Coronado Pkwy
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
screened lanai
carport
Building Details
Year Built
1976
Listing Agency:
Compass Florida LLC
Listed By:
Mike Darda
Source:
Swfloridaareahomesearch
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 12 at 8:12PM
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 Compass Florida LLC
Investment Insights
Based on property information with market context.
This 2,200-SF duplex, built in 1976, contains two residences with two bedrooms each. Both have remodeled interiors with granite countertops and screened lanais. One side includes a carport; the other has a den and two full bathrooms. Clusia hedges have been planted along the property, and there is no HOA.
The property fronts a Gulf-access canal in Cape Coral’s Yacht Club area, with one bridge between the canal and open water. The river is a short boat ride away.
The property fronts a Gulf-access canal in Cape Coral’s Yacht Club area, with one bridge between the canal and open water. The river is a short boat ride away.
Key Highlights
- Two residences, each with 2 bedrooms
- 2,200 SF duplex built in 1976
- Gulf‑access canal frontage with one bridge to open water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,120
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,400
$582.4K
Cap Rate 7%
$416,000
$416.0K
Cap Rate 9%
$323,556
$323.6K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$43.6K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$41.6K $18.91/SF
− OpEx
−$12.5K −$5.67/SF
NOI
$29.1K $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 Rate 5%
$582,400
Cap Rate 7%
$416,000
Cap Rate 9%
$323,556
Alternative Uses
Best Use
Multifamily LT 5
$416.0K
$364.0K – $485.3K
NOI $29,120 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$385.5K
$337.3K – $449.8K
NOI $26,986 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$570.8K
$499.5K – $666.0K
NOI $39,959 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences each include a screened lanai, with a carport on one side and a den on the other.
Where is this duplex located?
The property is located at 5227 Coronado Pkwy Cape Coral, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms; 2,200 SF duplex built in 1976; Gulf‑access canal frontage with one bridge to open water
