Flex Office Warehouse
For Sale
$1,050,000
Pending
326 NE 3rd Avenue, Cape Coral, FL 33909
SINGLE_FAMILY - Cape Coral, FL
Property Size4,000 SF
Lot Size0.30 Acres
Days on Market265
Property Features for 326 NE 3rd Avenue
General Information
Property type
Residential
Property subtype
Office
Zoning description
CORR
Directions
On north side of Pine Island Road off of NE 3rd Avenue. Just west of Andalusia and east of Santa Barbara.
Subdivision
CC31 - Cape Coral Unit 17, 31-36
Standard status
Pending
APN
12-44-23-C3-00600.0180
Size
4,000 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
DEER RUN COMMERCIAL PARK PB 40 PG 72 LOT 18
Tax Annual Amount
9779
Legal Description
DEER RUN COMMERCIAL PARK PB 40 PG 72 LOT 18
Building Details
Year built
2006
Floors in Building
1
Listing Agency:
The Keyes Company
(239) 323-2883
Listed By:
Annette Barbaccia · License #258012566
(239) 850-8301
Added: Nov 9, 2025
Changed: Jun 4
Last Checked: Aug 1 at 2:06AM
MLS# 2025019479
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 property is a flex office and warehouse building offering four separate 1,000-square-foot units within a total building size of 4,000 square feet. Each unit includes a large warehouse area with a high ceiling and a door, along with office space and a bathroom. The site provides 10 parking spaces, supporting day-to-day operations and customer or contractor visits. Three units are available for lease: two side-by-side units plus a separate unit, identified as Units 1, 3, and 4.
The building is located just off Pine Island Road on NE 3rd Avenue in Cape Coral, Florida, with the seller describing the area as centrally located and convenient to get around the Cape or County.
For tenants seeking a combination of warehouse space and workplace improvements, these units offer a practical layout for light industrial, storage-and-office use, or other business operations that benefit from on-site administrative space. The multi-unit configuration can also appeal to operators looking to manage separate spaces under one ownership, while maintaining straightforward access to parking for each tenant’s day-to-day needs.
The building is located just off Pine Island Road on NE 3rd Avenue in Cape Coral, Florida, with the seller describing the area as centrally located and convenient to get around the Cape or County.
For tenants seeking a combination of warehouse space and workplace improvements, these units offer a practical layout for light industrial, storage-and-office use, or other business operations that benefit from on-site administrative space. The multi-unit configuration can also appeal to operators looking to manage separate spaces under one ownership, while maintaining straightforward access to parking for each tenant’s day-to-day needs.
Key Highlights
- Consistent NOI of $64,000 annually.
- Centrally located just off Pine Island Road on NE 3rd Avenue, providing easy access to Cape Coral.
- Three 1,000 sf units available for lease, including two side‑by‑side units.
Financial Insights For Flex RnD
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 | $72.0k | $18.00 |
| − Vacancy | −$4.7k | −$1.17 |
| EGI | $67.3k | $16.83 |
| − OpEx | −$23.6k | −$5.89 |
| NOI | $43.8k | $10.94 |
4,000 SF · lease $18.00/SF/yr · vacancy 6.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$625.1K
$547.0K – $729.3K
NOI $43,758 @ 7.0% cap · market cap 4.17%
Second Best
Warehouse
$582.6K
$509.8K – $679.7K
NOI $40,784 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$1.04M
$908.2K – $1.21M
NOI $72,653 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33909, FL
33,063
Population
14,051
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
37.8 sq mi
ZIP Area
875
Density / Sq Mi
$79,096
Median Household Income
$39,912
Median Earnings
$1,773
Median Rent
$292,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Little Joe's Special Events — 818 NE 8th St, Cape Coral, FL 33909
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-unit flex warehouse with high ceilings, office and bathroom, plus on-site parking for tenants and visitors.
Where is this flex space located?
The property is located at 326 NE 3rd Avenue 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: Consistent NOI of $64,000 annually.; Centrally located just off Pine Island Road on NE 3rd Avenue, providing easy access to Cape Coral.; Three 1,000 sf units available for lease, including two side‑by‑side units.
