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    1201-1317 Cape Coral Parkway E Cape Coral, FL 33904

    View on Map
    For Sale
    $12,495,000

    COMMERCIAL - Cape Coral, FL

    Type:Retail
    Lot size:
    2.02 Acres
    Added:
    Feb 6, 2026
    Days on Market:
    53
    Last Refresh:
    Mar 31 at 5:06 pm

    Property Features for 1201-1317 Cape Coral Parkway E

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    18-45-24-C2-01064.0010
    Lot size
    2.02 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    CAPE CORAL UNIT 6 PART 1 BLK 64 PB 11 PG 47 LOTS 1 THRU 25
    TaxAnnualAmount
    118560

    Building Details

    Year built
    1968
    Floors in Building
    1

    We can help!

    Listing Contact
    Jack Martin
    Jack Martin

    Listing agent Jack Martin License #278007007

    Listing office Century 21 Selling Paradise 3409 Del Prado Blvd S No. 103, FL

    Listing date Feb 6, 2026

    MLS# 2026006691

    Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Cape Coral Shopping Center

    Big John Plaza, a shopping center in Cape Coral, has been a commercial hub since the early 1960s. The shopping center underwent a complete renovation in 2019, which included structural improvements, aesthetic upgrades, and functional enhancements. A new roof was installed in 2023. Currently, the plaza houses twenty diverse tenants, including retail stores, restaurants, service providers, and professional offices. The Plaza has had minimal vacancy or collection loss. The plaza has hosted the annual Christmas Tree Lighting and the annual Cape Coral Art Festival for over forty years. The property is valued with its complete value and not just return on investment. There are opportunities for this property with the right owner, including partnering with the City for a major redevelopment in the heart of Downtown Cape Coral. The City owns the 87,360 square foot parking lot directly to the north and is interested in partnering with a developer for a mixed-use project with multiple levels of parking. The lot size is 2.024 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Pony express — 1217 Cape Coral Pkwy E, Cape Coral, FL 33904
    • Big John's Plaza — 1215 Cape Coral Pkwy E, Cape Coral, FL 33904
    • Shoppes at Cape Coral — 926 Cape Coral Pkwy E, Cape Coral, FL 33904
    • Savoy Plaza — 830 SE 46th St, Cape Coral, FL 33904
    • Coinstar Kiosk | Bitcoin ATM — Winn Dixie - South, 1016 Cape Coral Parkway, Cape Coral, FL 33904, United States

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.949005
    Latitude
    26.562955

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    FAQs

    What type of property is this?
    Shopping center - Long-established shopping center with diverse tenants and redevelopment potential.
    Where is this shopping center located?
    The property is located at 1201-1317 Cape Coral Parkway E Cape Coral, FL.
    What is the asking price?
    The asking price for this property is $12,495,000.
    What are key features of this property?
    This property features: Prime redevelopment opportunity in partnership with the City of Cape Coral.; Extensively renovated in 2019, blending historic charm with modern convenience.; New, state‑of‑the‑art roof installed in 2023, enhancing durability and energy efficiency.
    (239) 707-9015
    We can help!
    Listing Contact
    Jack Martin
    Jack Martin
    Real Estate License ID: 278007007
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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