Duplex with New
For Sale
$399,000
5527 Judith Rd, Bokeelia, FL 33922
Two occupied residential units offer private outdoor areas and a practical configuration for rental ownership.
Property Size2,234 SF
Price / SF$178.60
Days on Market67
Property Features for 5527 Judith Rd
General Information
Standard status
Active
Size
2,234 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,721
Amenities
private rear decks
separate backyard areas
Building Details
Year Built
2005
Listing Agency:
Sea Glass Gulf Realty
(239) 257-5095
Listed By:
Brandon Reitz · License #258024397
(239) 257-5095
Source:
Exprealty
Added: Jun 4
Changed: Aug 9
Last Checked: Aug 9 at 12:27PM
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 Sea Glass Gulf Realty
Investment Insights
Based on property information with market context.
This duplex, constructed in 2005, contains two residential units totaling 2,234 square feet. Each unit provides 3 bedrooms, 2 bathrooms, and 1,117 square feet of living space, along with updated finishes, a private rear deck, and a separate backyard area. A roof replacement was completed in 2023.
Both units are occupied by long-term tenants, providing an established rental arrangement. The property is located at 5527 Judith Rd in Bokeelia, Florida, and its two-unit layout supports continued rental use or an owner-occupant arrangement with one residence retained for personal use.
Both units are occupied by long-term tenants, providing an established rental arrangement. The property is located at 5527 Judith Rd in Bokeelia, Florida, and its two-unit layout supports continued rental use or an owner-occupant arrangement with one residence retained for personal use.
Key Highlights
- Two‑unit duplex totaling 2,234 square feet
- Each unit includes 3 bedrooms, 2 bathrooms, and 1,117 square feet
- Roof installed in 2023
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
$29,570
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
7.41%
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%
$591,400
$591.4K
Cap Rate 7%
$422,429
$422.4K
Cap Rate 9%
$328,556
$328.6K
Market Conditions
NOI Build-Up for 2,234 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
$44.2K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$42.2K $18.91/SF
− OpEx
−$12.7K −$5.67/SF
NOI
$29.6K $13.24/SF
Area
Lee County, 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%
$591,400
Cap Rate 7%
$422,429
Cap Rate 9%
$328,556
Alternative Uses
Best Use
Multifamily LT 5
$422.4K
$369.6K – $492.8K
NOI $29,570 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$391.5K
$342.5K – $456.7K
NOI $27,403 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$703.1K
$615.2K – $820.3K
NOI $49,219 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Demographics for 33922, FL
4,326
Population
2,925
Households
1.5
Avg Household Size
59
Median Age
34%
College-Educated
87%
High-School Grad
20.9 sq mi
ZIP Area
207
Density / Sq Mi
$68,579
Median Household Income
$34,503
Median Earnings
$1,110
Median Rent
$330,100
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?
Duplex - Two occupied residential units offer private outdoor areas and a practical configuration for rental ownership.
Where is this duplex located?
The property is located at 5527 Judith Rd Bokeelia, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,234 square feet; Each unit includes 3 bedrooms, 2 bathrooms, and 1,117 square feet; Roof installed in 2023
