Two-Unit Mixed-Use
1615 SE 47th Terrace Cape Coral, FL 33904
1615 SE 47th Terrace, Cape Coral, FL, 33904
$1,072,000
For Sale
$1,072,000
SINGLE_FAMILY - Cape Coral, FL
Property Size3,634 SF
Lot Size0.22 Acres
Price / SF$294.99
Days on Market8
Property Features for 1615 SE 47th Terrace
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- 07-45-24-C3-00361.A110
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- CAPE CORAL UNIT 7 BLK 361A PB 12 PG 113 LOTS 11 THRU 13
- Tax Annual Amount
- 10679
Building Details
- Year built
- 1978
- Floors in Building
- 1
Listing Agency
Professional Realty
(239) 772-1010
3501 Del Prado Blvd No. 100, Cape Coral, FL
Listed by
Jack Britton · License #252000141
(239) 851-2090
Added: Jul 10 Checked: Jul 17 at 2:06 pm
MLS# 2026029707
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.
Investment Insights
Based on property information with market context.
This good-condition two-unit building is located in the CRA district and is zoned SC, a flexible commercial zoning category. The property has previously been used as an insurance office and real estate office, and also as a deli. Today, one unit is operated as a bakery, and the bakery tenant’s lease runs through the end of August 2026, with the tenant interested in staying.
The property can be configured for up to three units. It is being sold AS IS, making it a fit for an owner-occupant or an investor looking to add optionality to the existing layout.
The property can be configured for up to three units. It is being sold AS IS, making it a fit for an owner-occupant or an investor looking to add optionality to the existing layout.
Key Highlights
- 3,634 SF two‑unit building built in 1978 in a CRA district
- Zoned SC (flexible zoning) and can be used as three units
- Previously used as an insurance office, real estate office, and deli; currently one unit used as a bakery
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.8k | $21.96 |
| − Vacancy | −$1.5k | −$0.42 |
| EGI | $78.3k | $21.54 |
| − OpEx | −$23.5k | −$6.46 |
| NOI | $54.8k | $15.08 |
3,634 SF · lease $21.96/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$782.9K
$685.0K – $913.3K
NOI $54,800 @ 7.0% cap · market cap 5.11%
Second Best
Office B
$734.7K
$642.9K – $857.2K
NOI $51,430 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$942.9K
$825.1K – $1.10M
NOI $66,005 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
4 Seasons Realty, ...
Real Estate Agency
Sweet Real
Bakery
Pogo Gorwood
Real Estate Agency
The Bracher Team
Real Estate Agency
The Wallflower Shoppe
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Good-condition two-unit property in the CRA district, zoned SC, currently with a bakery unit through August 2026.
Where is this office units located?
The property is located at 1615 SE 47th Terrace Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,072,000.
What are key features of this property?
This property features: 3,634 SF two‑unit building built in 1978 in a CRA district; Zoned SC (flexible zoning) and can be used as three units; Previously used as an insurance office, real estate office, and deli; currently one unit used as a bakery
