Listing Agency: Sellstate Priority Realty n***@sellstatecorporate.com Show Phone

Listed By: Cindy Roper · License #252010705 Show Phone

Source: Exprealty

Added: Aug 7 Changed: Oct 11 Last Checked: Oct 13 at 2:23AM

Report an Issue

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 Sellstate Priority Realty

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,473

Cap Rate

5.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$529,460 $529.5K

Cap Rate 7%

$378,186 $378.2K

Cap Rate 9%

$294,144 $294.1K

Market Conditions

NOI Build-Up for 2,000 SF

Gross rent

$39.6K $19.80/SF

− Vacancy

−$1.8K −$0.89/SF

EGI

$37.8K $18.91/SF

− OpEx

−$11.3K −$5.67/SF

NOI

$26.5K $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%

$529,460

Cap Rate 7%

$378,186

Cap Rate 9%

$294,144

Alternative Uses

Best Use

Multifamily LT 5

$378.2K

$330.9K – $441.2K (±1% cap)

NOI $26,473 @ 7.0% cap · market cap 5.40%

Second Best

Apartment 5plus

$350.5K

$306.7K – $408.9K (±1% cap)

NOI $24,532 @ 7.0% cap · market cap 5.01%

Theoretical Best

Office A

$518.9K

$454.1K – $605.4K (±1% cap)

NOI $36,326 @ 7.0% cap · market cap 7.41%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Hair Salon Nail Salon Spa & Massage Center Restaurant Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

301

Businesses Nearby

Explore this area Business Placement

Demographics for 33904, FL

32,029

Population

20,401

Households

1.6

Avg Household Size

56

Median Age

29%

College-Educated

95%

High-School Grad

9.7 sq mi

ZIP Area

3,302

Density / Sq Mi

$66,933

Median Household Income

$43,829

Median Earnings

$1,665

Median Rent

$347,100

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Four-Unit Residential Income Property

4902 Victoria Dr Unit 1, Cape Coral, FL 33904

$380,000

1,788 SF

View details

Quadplex with Covered Patio

1-4902 Victoria Dr, Cape Coral, FL 33904

$380,000

1,788 SF

View details

Four-Unit Residential Property

1017 SE 39th TER, Cape Coral, FL 33904

$649,000

View details

Gulf-Access Duplex

914 /916 Se 14th Terrace, Cape Coral, FL 33990

$485,000

1,918 SF

View details

Updated Duplex with Two-Bedroom Units

2912 2912/2914 Santa Barbara Blvd, Cape Coral, FL 33914

$449,000

2,092 SF

View details

Gulf-Access Waterfront Duplex

5227 Coronado Pkwy, Cape Coral, FL 33904

$499,900

2,200 SF

View details

Duplex with Screened Pool

4836/4838 Marine Dr, Cape Coral, FL 33904

$495,000

2,228 SF

View details

Gulf-Access Duplex on Rubicon Canal

3914 SE 12th Ave, Cape Coral, FL 33904

$440,000

2,133 SF

View details

Two-Unit Duplex with Screened Porches

1310 Se 40th Ter Unit 1a & 1b, Cape Coral, FL 33904

$480,000

2,246 SF

View details

Nearly New Three-Bedroom Duplex

1426 1426/1428 Cape Coral Pkwy W, Cape Coral, FL 33914

$519,000

2,240 SF

View details

Duplex with Split-Bedroom Layout

315 SE 24th Ave, Cape Coral, FL 33990

$510,000

2,266 SF

View details

Side-by-Side Duplex with Granite Kitchens

1223 / 1225 NE 15TH LANE #2, Cape Coral, FL 33909

$450,000

2,218 SF

View details

Frequently Asked Questions

Where is this quadplex located?

The property is located at A-1705 Se 46th Ln Cape Coral, FL.

What is the asking price?

The asking price for this property is $490,000.