2-Unit Duplex with Six
New
For Sale
$378,000
909/911 Jaguar Blvd, Lehigh Acres, FL 33974
Residential Income, Duplex, LEHIGH ACRES, FL
Property Size2,166 SF
Lot Size0.29 Acres
Price / SF$174.52
Days on Market2
Property Features for 909/911 Jaguar Blvd
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-2
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bathroom 1, Bedroom 2, Bedroom 6, Bathroom 3
Pets allowed
Yes
Subdivision
LEHIGH ACRES
Lot features
Regular, Regular
Standard status
Active
APN
23-45-27-L4-05016.0370
Size
2,166 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LEHIGH ACRES UNIT 5 BLK 16 PB 20 PG 25 LOT 37
Tax Annual Amount
4464
Legal Description
LEHIGH ACRES UNIT 5 BLK 16 PB 20 PG 25 LOT 37
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Building Details
Year built
2006
Number of units
2
Flooring type
Tile
Building materials
Concrete Block, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Denise Gomez Moses · License #249529462
(786) 800-1735
Added: Sep 23
Last Checked: Sep 24 at 12:06AM
MLS# 226034303
Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 909/911 Jaguar Blvd in Lehigh Acres, this duplex contains two separate residential units with a combined 6 bedrooms and 4 bathrooms. The property includes approximately 2,166 square feet of living space on a 0.287-acre lot and was built in 2006. Construction features concrete block and stucco, with tile flooring, shingle roofing, and a septic tank system.
Central air, electric cooling, and electric central heating serve the property. RM-2 zoning is identified for the site. The address is in Lehigh Acres, Lee County, Florida, with postal code 33974.
Central air, electric cooling, and electric central heating serve the property. RM-2 zoning is identified for the site. The address is in Lehigh Acres, Lee County, Florida, with postal code 33974.
Key Highlights
- Two separate units with a combined 6 bedrooms and 4 bathrooms
- Approximately 2,166 square feet of living space
- 0.287‑acre lot at 909/911 Jaguar Blvd
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
$23,047
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
6.10%
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%
$460,940
$460.9K
Cap Rate 7%
$329,243
$329.2K
Cap Rate 9%
$256,078
$256.1K
Market Conditions
NOI Build-Up for 2,166 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
$35.1K $16.20/SF
− Vacancy
−$2.2K −$1.00/SF
EGI
$32.9K $15.20/SF
− OpEx
−$9.9K −$4.56/SF
NOI
$23.0K $10.64/SF
Area
ZIP 33974
Vacancy
6.17%
Lease Rate
$16.20 /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%
$460,940
Cap Rate 7%
$329,243
Cap Rate 9%
$256,078
Alternative Uses
Best Use
Multifamily LT 5
$329.2K
$288.1K – $384.1K
NOI $23,047 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$286.4K
$250.6K – $334.2K
NOI $20,050 @ 7.0% cap · market cap 5.30%
Theoretical Best
Specialty Retail
$833.8K
$729.6K – $972.8K
NOI $58,369 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 33974, FL
17,233
Population
5,771
Households
3
Avg Household Size
33
Median Age
16%
College-Educated
84%
High-School Grad
22.4 sq mi
ZIP Area
769
Density / Sq Mi
$65,809
Median Household Income
$33,982
Median Earnings
$1,698
Median Rent
$272,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Built in 2006, the duplex offers tile flooring and central heating and cooling.
Where is this duplex located?
The property is located at 909/911 Jaguar Blvd Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $378,000.
What are key features of this property?
This property features: Two separate units with a combined 6 bedrooms and 4 bathrooms; Approximately 2,166 square feet of living space; 0.287‑acre lot at 909/911 Jaguar Blvd
