876 Cape Coral PkwyCape Coral, FL 33904

Property Details for 876 Cape Coral Pkwy

Year built

1961

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.44 AC

Property size (Sq ft)

7,368 SF

Zone code

SC

Property type

Retail properties

Property subtype

Gas stations

APN

18-45-24-C1-00060.A230

APU

184524C100060A230

Description

This exceptional 1,250 square foot creative office space is located at 876 Cape Coral Parkway East in Cape Coral, Florida, 33904. Situated in a mixed-use building totaling 7,368 square feet on a 0.81-acre lot, this unit offers a prime location with high visibility. The space is currently vacant and ready for immediate occupancy. Recently renovated in 2023, the property benefits from a SC zoning designation. The building features multiple tenancies, providing a vibrant and diverse business environment. This location boasts excellent access to high traffic on Cape Coral Parkway, directly across from a Dunkin' Donuts and the soon-to-open Village Square development, which will include numerous retail stores and 285 new apartments. The minimum divisible space is 1,250 square feet, making it ideal for a variety of businesses. The property is offered at a modified gross lease rate of $3500 per month. This is a fantastic opportunity to establish your business in a thriving and rapidly developing area of Cape Coral. The property type is classified as Retail, Office, and Restaurant, offering flexibility for various business models.

• CAP approach

  CAP return

  Valuation

  6%

  $2,873,022

  6.5%

  $2,652,020

  7%

  $2,462,590

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,724,790

  Geo Method

  $3,390,957

• Alternative Use

  Use

  Valuation

  Residential

  $2,237,078

  Hospitality

  $2,049,152

  Educational

  $1,704,870

  Medical

  $1,763,503

  Retail

  $2,652,020

Location Insight

City

Cape Coral

County

Lee

State

Florida

Latitude

26.5623

Longitude

-81.9543

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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