Duplex with New
For Sale
$349,000
936-938 Eisenhower Blvd, Lehigh Acres, FL 33974
Two units offer screened outdoor enclosures, mixed tile and wood flooring, and recently painted interiors.
Property Size2,496 SF
Price / SF$139.82
Days on Market282
Property Features for 936-938 Eisenhower Blvd
General Information
Standard status
Active
Size
2,496 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
aluminum screened enclosure
Building Details
Year Built
2006
Buildings
1
Listing Agency:
VIP Realty Group Inc
(239) 826-2333
Listed By:
Ben Rivera · License #258019363
Source:
Naplesareahomesearch
Added: Nov 23, 2025
Changed: Aug 31
Last Checked: Aug 31 at 5:28PM
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 VIP Realty Group Inc
Investment Insights
Based on property information with market context.
This duplex contains 2,496 square feet across two residential units and was built in 2006. Both sides include an aluminum screened enclosure, with tile and wood flooring throughout and fresh interior paint. A roof replacement completed in 2023 is also in place.
The property is located on Eisenhower Boulevard in Lehigh Acres, with access to State Road 82 and I-75 described as a short drive away. Shopping, schools, dining, and major commuter routes are also identified in the surrounding area.
The property is located on Eisenhower Boulevard in Lehigh Acres, with access to State Road 82 and I-75 described as a short drive away. Shopping, schools, dining, and major commuter routes are also identified in the surrounding area.
Key Highlights
- 2,496‑square‑foot duplex with two residential units
- Roof installed in 2023
- Aluminum screened enclosure at both units
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
$26,558
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
7.61%
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%
$531,160
$531.2K
Cap Rate 7%
$379,400
$379.4K
Cap Rate 9%
$295,089
$295.1K
Market Conditions
NOI Build-Up for 2,496 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
$40.4K $16.20/SF
− Vacancy
−$2.5K −$1.00/SF
EGI
$37.9K $15.20/SF
− OpEx
−$11.4K −$4.56/SF
NOI
$26.6K $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%
$531,160
Cap Rate 7%
$379,400
Cap Rate 9%
$295,089
Alternative Uses
Best Use
Multifamily LT 5
$379.4K
$332.0K – $442.6K
NOI $26,558 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$330.1K
$288.8K – $385.1K
NOI $23,104 @ 7.0% cap · market cap 6.62%
Theoretical Best
Specialty Retail
$960.9K
$840.8K – $1.12M
NOI $67,262 @ 7.0% cap · market cap 19.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
9
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
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 units offer screened outdoor enclosures, mixed tile and wood flooring, and recently painted interiors.
Where is this duplex located?
The property is located at 936-938 Eisenhower Blvd Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 2,496‑square‑foot duplex with two residential units; Roof installed in 2023; Aluminum screened enclosure at both units
