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    326 SW 2nd Terrace Cape Coral, FL 33991

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    For Sale
    $2,950,000

    COMMERCIAL - Cape Coral, FL

    Type:Office
    Lot size:
    2.30 Acres
    Added:
    Apr 27, 2025
    Days on Market:
    375
    Last Refresh:
    May 6 at 8:06 pm

    Property Features for 326 SW 2nd Terrace

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Fencing
    Fenced
    Standard status
    Active
    APN
    14-44-23-C4-01948.0210
    Lot size
    2.30 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    CAPE CORAL UNIT 29 BLK 1948 PB 16 PG 23 LOTS 15 THRU 23 + LOTS 44 THRU 48
    Tax Annual Amount
    27989

    Building Details

    Year built
    2019
    Floors in Building
    1

    We can help!

    Listing Contact
    Phil Deems

    Listing agent Phil Deems License #252010067

    Listing office Phil Deems Real Estate 2804 Del Prado Boulevard No. 202, Cape Coral, FL

    Listing date Apr 27, 2025

    MLS# 225041591

    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

    • Virtually zero monthly electricity costs thanks to 60 rooftop solar panels.
    • Large 8,550 sq ft building on 2.3 acres with room for expansion.
    • Built in 2019 and in excellent condition.
    • Current tenant provides immediate income potential (7,350 sq ft fitness training facility).
    • Includes a separate 1,200 sq ft private office with street frontage.
    • Outdoor amenities include volleyball courts and fitness equipment.

    Overview

    Cape Coral Commercial Building For Sale

    Built in 2019, this concrete block building offers approximately 8,550 square feet of space on a 2.3-acre lot. The southern section of the building, encompassing approximately 7,350 square feet, is currently occupied by a tenant operating a fitness training facility. This section also features outdoor volleyball courts and fitness equipment. The northern side of the building includes a private office space of approximately 1,200 square feet, with frontage on SW 2nd Terrace. The building is equipped with 60 rooftop solar panels, resulting in a typical monthly electricity invoice of $0.00. Located within the Pine Island Road Corridor, the property is suitable for many commercial uses. The building is in excellent condition and offers ample room for expansion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CrossFit ENG Gym & Fitness Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant 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

    • Mid Cape Fitness — 1242 SW Pine Island Rd, Cape Coral, FL 33991
    • Gene Conklin Fitness — 1242 sw pine island rd, cape coral, fl 33991

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.98286
    Latitude
    26.644835

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    FAQs

    What type of property is this?
    Fitness center & gym - 8,550 SF building on 2.3 acres, built in 2019.
    Where is this fitness center & gym located?
    The property is located at 326 SW 2nd Terrace Cape Coral, FL.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: Virtually zero monthly electricity costs thanks to 60 rooftop solar panels.; Large 8,550 sq ft building on 2.3 acres with room for expansion.; Built in 2019 and in excellent condition.
    (239) 945-4540
    We can help!
    Listing Contact
    Phil Deems
    Real Estate License ID: 252010067
    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.

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