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    1213 SE 47th Terrace Cape Coral, FL 33904

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    Pending
    $1,050,000

    COMMERCIAL - Cape Coral, FL

    Type:Office
    Lot size:
    0.16 Acres
    Added:
    Jan 15, 2025
    Days on Market:
    477
    Last Refresh:
    May 7 at 10:06 pm

    Property Features for 1213 SE 47th Terrace

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Pending
    APN
    07-45-24-C3-00360.0090
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    CAPE CORAL UNIT 7 BLK.360 PB 12 PG 124 LOTS 9 + 10
    Tax Annual Amount
    5709

    Building Details

    Year built
    1971
    Floors in Building
    1

    We can help!

    Listing Contact
    Mark Vancosky
    Mark Vancosky

    Listing agent Mark Vancosky License #258023771

    Listing office ERA Right Choice Realty 9001 Daniels Parkway, #102, Ft Myers, FL

    Listing date Jan 15, 2025

    MLS# 225004721

    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.

    HighLights

    • Possible owner financing available.
    • New TPO roof and A/C installed in 2024.
    • Located within the Community Redevelopment Agency (CRA) area, poised for growth with planned enhancements to Big John's Shopping Plaza.
    • Versatile 2,325 sq ft commercial space suitable for restaurant, bar, cafe, office, gym, or medical practice.
    • Nine parking spaces on‑site, with additional parking available across the street.
    • Freestanding concrete block structure with tile flooring, kitchenette, bathroom, office, and separate storage room.

    Overview

    Cape Coral Commercial Opportunity

    Located at 1213 SE 47th Terrace in Cape Coral, Florida, this commercial property offers 2,325 square feet of space suitable for various business ventures. Constructed in 1971, the freestanding concrete block structure features tile flooring, a small kitchenette, and a bathroom. An office and separate storage room are located at the rear of the building. The property includes nine parking spaces, with additional parking available across the street at Big John's Shopping Plaza. Situated within the Community Redevelopment Agency (CRA) area, the location is poised for growth, with planned enhancements to Big John's Shopping Plaza aimed at increasing connectivity and making downtown Cape Coral a premier destination for shopping, dining, and entertainment. The property is situated on a lot of 0.162 acres. This property is well-suited for a restaurant, bar, cafe, office, gym, or medical practice, offering an excellent opportunity to establish or expand your business in a thriving area. New TPO roof in 2024 and new A/C in 2024.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pedro Orengo - Realtor Real Estate Agency Cape Coral Realtor ... Real Estate Agency Ken Edward | American ... Loan Service Gloria Kirk, Realtor Real Estate Agency ERA Right Choice ... Real Estate Agency

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.949458
    Latitude
    26.563986

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    FAQs

    What type of property is this?
    Office building - Versatile commercial property in thriving Cape Coral location.
    Where is this office building located?
    The property is located at 1213 SE 47th Terrace Cape Coral, FL.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: Possible owner financing available.; **New TPO roof and A/C installed in 2024.**; Located within the Community Redevelopment Agency (CRA) area, poised for growth with planned enhancements to Big John's Shopping Plaza.
    (570) 687-3271
    We can help!
    Listing Contact
    Mark Vancosky
    Mark Vancosky
    Real Estate License ID: 258023771
    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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