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    1708 Cape Coral Parkway W unit 11 Cape Coral, FL 33914

    View on Map
    New
    For Sale
    $889,000

    COMMERCIAL - Cape Coral, FL

    Type:Office
    Property size:
    6,300 SF
    Added:
    Mar 30, 2026
    Days on Market:
    2
    Last Refresh:
    Mar 31 at 5:06 pm

    Property Features for 1708 Cape Coral Parkway W unit 11

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    APN
    16-45-23-C2-00900.0011
    Size
    6,300 SF

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    CAY WEST PROFESSIONAL CONDOMINIUM DESC IN OR 4452 PG 4422 + INST#2006-107142 + INSTR#2006000400249 UNIT 11
    TaxAnnualAmount
    17831

    Building Details

    Year built
    1993
    Floors in Building
    1

    We can help!

    Listing Contact
    Brandon Reitz
    Brandon Reitz

    Listing agent Brandon Reitz License #258024397

    Listing office Sea Glass Gulf Realty 13921 Waterfront Dr #C, Bokeelia, FL

    Listing date Mar 30, 2026

    MLS# 2026015096

    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

    Cape Coral Medical/Professional Office Condo

    Located within the Cay West Pavilion, this approximately 6,300 square foot medical/professional office condominium is positioned along Cape Coral Parkway West near Chiquita Boulevard South. The property benefits from high visibility, strong traffic counts, and convenient access to surrounding residential and commercial areas. The unit is currently in gray shell condition, offering a blank canvas for a custom buildout tailored to a wide range of uses including medical, dental, legal, or general professional office. The surrounding area is characterized by dense residential development, affluent demographics, and continued population growth, creating strong and sustained demand for professional and healthcare services. Nearby retail centers, restaurants, and medical providers further enhance the location's appeal and support long-term occupancy and business success. This offering is ideal for an owner-user seeking to control occupancy costs while building equity, or an investor targeting a value-add opportunity through buildout and stabilization. The property may be subject to short sale approval, presenting potential for favorable acquisition pricing. It is located in Southwest Cape Coral.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Millennium Physician Group Dental Office Radiology Regional Medical Clinic Liliana Bustamante, MD Physician James A Reeves MD Physician Dr. Medina C. ... Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Santa Barbara Animal hospital — 1205 Cape Coral Pkwy E, Cape Coral, FL 33904
    • Cape Coral Animal Care — 1222 SE 47th St, Cape Coral, FL 33904
    • Smith Elizabeth W DVM — 4715 Vincennes Blvd, Cape Coral, FL 33904
    • Dr. Elizabeth Smith — 4715 Vincennes Blvd, Cape Coral, FL 33904

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -82.009287
    Latitude
    26.561183

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    FAQs

    What type of property is this?
    Medical Office Space - 6,300 SF condo in desirable Cape Coral location.
    Where is this medical office space located?
    The property is located at 1708 Cape Coral Parkway W unit 11 Cape Coral, FL.
    What is the asking price?
    The asking price for this property is $889,000.
    What are key features of this property?
    This property features: Prime location on Cape Coral Pkwy W with high visibility and traffic.; Large +/-6,300 SF gray shell space allows for custom buildout.; Ideal for medical, dental, legal, or general professional office uses.
    (239) 257-5095
    We can help!
    Listing Contact
    Brandon Reitz
    Brandon Reitz
    Real Estate License ID: 258024397
    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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