Furnished
For Sale
$399,000
5938 Sailfish Rd, Bokeelia, FL 33922
Both residences have laundry appliances, and one is occupied under an annual lease.
Property Size1,500 SF
Price / SF$266
Days on Market10
Property Features for 5938 Sailfish Rd
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Multi-Family
Additional Details
Furnished
Yes
Multifamily Units
2
Tenant in Place
Yes
Amenities
full laundry room
privacy fence
fire pits
insulated storage building
Building Details
Year Built
1979
Listing Agency:
Allison James Estates & Homes
Listed By:
Valerie Peterson · License #252013438
(239) 470-5901
Source:
Naplespropertyguide
Added: Oct 26
Changed: Nov 3
Last Checked: Nov 4 at 2:13PM
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 Allison James Estates & Homes
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,500-square-foot duplex, built in 1979, is furnished and has updated interiors with granite countertops, replacement cabinetry, and a metal roof. Each residence includes a washer and dryer, and the property also has a full laundry room. One side is leased on an annual basis.
The outdoor area includes a privacy fence, separate fire pits, and Zoysia grass with a sprinkler system installed in 2025. An insulated storage building provides additional space for bicycles and other belongings.
The outdoor area includes a privacy fence, separate fire pits, and Zoysia grass with a sprinkler system installed in 2025. An insulated storage building provides additional space for bicycles and other belongings.
Key Highlights
- Duplex with a 4/2 configuration and 1,500 square feet
- Furnished property with one side leased on an annual lease
- Metal roof, granite countertops, new cabinets, and updated appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,854
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,080
$397.1K
Cap Rate 7%
$283,629
$283.6K
Cap Rate 9%
$220,600
$220.6K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$29.7K $19.80/SF
− Vacancy
−$1.3K −$0.89/SF
EGI
$28.4K $18.91/SF
− OpEx
−$8.5K −$5.67/SF
NOI
$19.9K $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 Rate 5%
$397,080
Cap Rate 7%
$283,629
Cap Rate 9%
$220,600
Alternative Uses
Best Use
Multifamily LT 5
$283.6K
$248.2K – $330.9K
NOI $19,854 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$262.8K
$230.0K – $306.7K
NOI $18,399 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$472.1K
$413.1K – $550.8K
NOI $33,048 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
62
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have laundry appliances, and one is occupied under an annual lease.
Where is this duplex located?
The property is located at 5938 Sailfish 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: Duplex with a 4/2 configuration and 1,500 square feet; Furnished property with one side leased on an annual lease; Metal roof, granite countertops, new cabinets, and updated appliances
