New Construction Waterfront
For Sale
$839,000
Pending
812-814 Mohawk Pkwy, Cape Coral, FL 33914
Two residences provide flexible living arrangements with Gulf access, screened lanais, and custom interior finishes.
Property Size2,448 SF
Days on Market259
Property Features for 812-814 Mohawk Pkwy
General Information
Standard status
Pending
Size
2,448 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
screened lanais
paver patio
professionally landscaped grounds
auto irrigation
Building Details
Year Built
2025
Buildings
1
Construction
Key West style
Listing Agency:
Experience Real Estate Group
(239) 834-9117
Listed By:
Lindsay Zavala · License #258027140
Source:
Naplesareapropertysearch
Added: Dec 16, 2025
Changed: Aug 31
Last Checked: Aug 31 at 5:38PM
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 Experience Real Estate Group
Investment Insights
Based on property information with market context.
Completed in 2025, this custom-built duplex contains two independent residences arranged for connected yet flexible living. Each side offers an open living and dining area, vaulted ceilings, a den or office, real-wood cabinetry, granite countertops, a pantry, stainless steel appliances, and 24x24 porcelain tile throughout. Primary suites include tray ceilings, walk-in closets, and ensuite bathrooms with tiled walk-in showers. Impact-rated windows and doors, high-efficiency HVAC systems, upgraded lighting, ceiling fans, and insulated two-car garage doors add functional improvements throughout the property.
The residences occupy a south-facing waterfront setting at the end of a wide saltwater canal with Gulf access. The property is approximately 3.5 miles from Tarpon Point Marina and Cape Harbour, with dining, shopping, marina facilities, medical services, and grocery stores located nearby. Screened under-truss lanais open to an extended paver patio overlooking the water, while professionally landscaped grounds include automatic irrigation. A builder warranty is included.
The residences occupy a south-facing waterfront setting at the end of a wide saltwater canal with Gulf access. The property is approximately 3.5 miles from Tarpon Point Marina and Cape Harbour, with dining, shopping, marina facilities, medical services, and grocery stores located nearby. Screened under-truss lanais open to an extended paver patio overlooking the water, while professionally landscaped grounds include automatic irrigation. A builder warranty is included.
Key Highlights
- Two‑residence duplex completed in 2025
- Wide saltwater canal with Gulf access and south‑facing rear exposure
- Approximately 3.5 miles from Tarpon Point Marina and Cape Harbour
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
$32,402
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
3.86%
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%
$648,040
$648.0K
Cap Rate 7%
$462,886
$462.9K
Cap Rate 9%
$360,022
$360.0K
Market Conditions
NOI Build-Up for 2,448 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
$48.5K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$46.3K $18.91/SF
− OpEx
−$13.9K −$5.67/SF
NOI
$32.4K $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 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%
$648,040
Cap Rate 7%
$462,886
Cap Rate 9%
$360,022
Alternative Uses
Best Use
Multifamily LT 5
$462.9K
$405.0K – $540.0K
NOI $32,402 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$429.0K
$375.4K – $500.5K
NOI $30,028 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$635.2K
$555.8K – $741.1K
NOI $44,464 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
Explore this area
Business Placement
Demographics for 33914, FL
42,222
Population
22,936
Households
1.8
Avg Household Size
52
Median Age
28%
College-Educated
95%
High-School Grad
22.4 sq mi
ZIP Area
1,885
Density / Sq Mi
$75,557
Median Household Income
$41,672
Median Earnings
$1,714
Median Rent
$408,800
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 residences provide flexible living arrangements with Gulf access, screened lanais, and custom interior finishes.
Where is this duplex located?
The property is located at 812-814 Mohawk Pkwy Cape Coral, FL.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: Two‑residence duplex completed in 2025; Wide saltwater canal with Gulf access and south‑facing rear exposure; Approximately 3.5 miles from Tarpon Point Marina and Cape Harbour
