Brand-New Duplex with Separate
For Sale
Contact for pricing
Pending
826/828 DIPLOMAT PKWY E, Cape Coral, FL 33909
Newly built, vacant duplex in Cape Coral with two 3-bedroom, 2-bath units and separate utilities.
Property Size3,154 SF
Days on Market186
Property Features for 826/828 DIPLOMAT PKWY E
General Information
Standard status
Pending
Size
3,154 SF
Total Parking Spaces
6
Property subtype
Multifamily
Zoning
R3-D
Additional Details
Multifamily Units
2
Building Details
Year Built
2026
Units
2
Listing Agency:
Invest Ready Realty
Listed By:
Marisel Armenteros · License #3443478
(737) 781-2946
Source:
Crexi
Added: Mar 10
Changed: Aug 14
Last Checked: Sep 10 at 5:43AM
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 Invest Ready Realty
Investment Insights
Based on property information with market context.
Brand-new construction duplex featuring two separate units, each offering 3 bedrooms and 2 bathrooms. Interiors include modern finishes and open-concept living areas, with separate utilities for added convenience. The property is currently vacant and move-in ready.
Located at 826/828 Diplomat Pkwy E in Cape Coral, FL, the duplex includes no HOA, offering straightforward ownership without association requirements. Each unit’s layout is designed for day-to-day livability and provides the option to occupy one unit while renting the other.
Located at 826/828 Diplomat Pkwy E in Cape Coral, FL, the duplex includes no HOA, offering straightforward ownership without association requirements. Each unit’s layout is designed for day-to-day livability and provides the option to occupy one unit while renting the other.
Key Highlights
- Brand‑new construction duplex (Year Built 2026) in Cape Coral
- Vacant and move‑in ready, with both units ready for immediate occupancy or rental
- Two separate units with 3 bedrooms and 2 bathrooms each
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
$41,747
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
7.39%
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%
$834,940
$834.9K
Cap Rate 7%
$596,386
$596.4K
Cap Rate 9%
$463,856
$463.9K
Market Conditions
NOI Build-Up for 3,154 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
$62.4K $19.80/SF
− Vacancy
−$2.8K −$0.89/SF
EGI
$59.6K $18.91/SF
− OpEx
−$17.9K −$5.67/SF
NOI
$41.7K $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%
$834,940
Cap Rate 7%
$596,386
Cap Rate 9%
$463,856
Alternative Uses
Best Use
Multifamily LT 5
$596.4K
$521.8K – $695.8K
NOI $41,747 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$552.7K
$483.6K – $644.8K
NOI $38,688 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$818.4K
$716.1K – $954.8K
NOI $57,287 @ 7.0% cap · market cap 10.14%
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
83
Businesses Nearby
Explore this area
Business Placement
Demographics for 33909, FL
33,063
Population
14,051
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
37.8 sq mi
ZIP Area
875
Density / Sq Mi
$79,096
Median Household Income
$39,912
Median Earnings
$1,773
Median Rent
$292,800
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 - Newly built, vacant duplex in Cape Coral with two 3-bedroom, 2-bath units and separate utilities.
Where is this duplex located?
The property is located at 826/828 DIPLOMAT PKWY E Cape Coral, FL.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Brand‑new construction duplex (Year Built 2026) in Cape Coral; Vacant and move‑in ready, with both units ready for immediate occupancy or rental; Two separate units with 3 bedrooms and 2 bathrooms each
