Waterfront
627 Cultural Park Boulevard S, Cape Coral, FL 33990
For Sale
$525,000
ResidentialIncome, Cape Coral, FL
Property Size2,420 SF
Lot Size0.23 Acres
Price / SF$216.94
Days on Market8
Property Features for 627 Cultural Park Boulevard S
General Information
Property type
Property subtype
Property condition
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Pets allowed
Subdivision
Lot features
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Water front
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Royal Shell Real Estate, Inc.
(239) 322-5680
Listed By:
Lauren Stock · License FL #510001256
(239) 222-8322
Added: Nov 4
Changed: Nov 10
Last Checked: Nov 11 at 1:06AM
MLS# 2026044122
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 under-construction duplex contains two residences totaling 2,420 square feet on a 0.227-acre corner lot. Each unit offers three bedrooms, two bathrooms, a one-car garage, and an open living area with high ceilings. Kitchens have stainless steel appliances and storage cabinetry; tile flooring is specified throughout. The building is scheduled for completion in 2026.
The property fronts a freshwater canal, with views at an intersecting canal and an east-facing backyard. Each residence has separate utility meters, and the lot provides two additional parking spaces per unit. The property is outside the Special Flood Hazard Area.
The property fronts a freshwater canal, with views at an intersecting canal and an east-facing backyard. Each residence has separate utility meters, and the lot provides two additional parking spaces per unit. The property is outside the Special Flood Hazard Area.
Key Highlights
- Two residences, each with 3 bedrooms, 2 bathrooms, and a private one‑car garage
- 2,420 square feet of building area on 0.227 acres
- Under construction; year built listed as 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,032
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,640
$640.6K
Cap Rate 7%
$457,600
$457.6K
Cap Rate 9%
$355,911
$355.9K
Market Conditions
NOI Build-Up for 2,420 SF
Gross rent
$47.9K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$45.8K $18.91/SF
− OpEx
−$13.7K −$5.67/SF
NOI
$32.0K $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%
$640,640
Cap Rate 7%
$457,600
Cap Rate 9%
$355,911
Alternative Uses
Best Use
Multifamily LT 5
$457.6K
$400.4K – $533.9K
NOI $32,032 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$424.1K
$371.1K – $494.7K
NOI $29,684 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$627.9K
$549.4K – $732.6K
NOI $43,955 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
Explore this area
Business Placement
Demographics for 33990, FL
32,717
Population
15,483
Households
2.1
Avg Household Size
47
Median Age
24%
College-Educated
89%
High-School Grad
9.3 sq mi
ZIP Area
3,518
Density / Sq Mi
$70,278
Median Household Income
$38,588
Median Earnings
$1,643
Median Rent
$330,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Cape Coral, FL
Properties on Market for Duplexes in Cape Coral
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences provide separate utility meters, private garages, and canal-facing outdoor space.
Where is this duplex located?
The property is located at 627 Cultural Park Boulevard S Cape Coral, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms, 2 bathrooms, and a private one‑car garage; 2,420 square feet of building area on 0.227 acres; Under construction; year built listed as 2026
