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1615 SE 47th Ter 3,605 SF 100% Leased Retail Building Cape Coral, FL 33904 $1,072,000 ($297.36/SF) 4.18% Cap Rate
INVESTMENT HIGHLIGHTS
- Excellent location in booming CRA District
- New roof
- Excellent Parking for area
EXECUTIVE SUMMARY
3,634 two unit building in good condition located in CRA district. The property has the flexible SC zoning classification allowing office and retail. The property has been previously used as an insurance office, a Real Estate office, a Bakery, a deli, and is currently leased as a bakery and a Crafts store/studio. Flexible purchase options are available. The property has above average parking with the area with 17 spaces front and back. The property can be purchased vacant for owner user use or by an investor. The property is currently leased to two tenants generating a $44,816 NOI based on their current rents and owner expenses. Both tenants have expressed interest in staying. The best time to view the property is as follows:
9:30 AM to 11:30 AM and 5:00 to 5:45 PM
9:30 AM to 11:30 AM and 5:00 to 5:45 PM
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$44,816
|
$12.43
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $44,816 |
| Annual Per SF | $12.43 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,605 SF
Building Class
C
Year Built
1978
Price
$1,072,000
Price Per SF
$297.36
Cap Rate
4.18%
NOI
$44,816
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.22 AC
Zoning
SC - Liberal office, retail, service user zoning.
Parking
17 Spaces (4.72 Spaces per 1,000 SF Leased)
Frontage
75’ on 47th Ter
AMENITIES
- Bus Line
- Signage
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 07-45-24-C3-00361.A110 | Improvements Assessment | $539,321 |
| Land Assessment | $93,750 | Total Assessment | $650,519 |
PROPERTY TAXES
Parcel Number
07-45-24-C3-00361.A110
Land Assessment
$93,750
Improvements Assessment
$539,321
Total Assessment
$650,519
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1615 SE 47th Ter
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