Two-Story Restaurant and Office
For Sale
$2,970,000
862 Lafayette Street, Cape Coral, FL 33904
COMMERCIAL - Cape Coral, FL
Property Size17,500 SF
Lot Size0.90 Acres
Price / SF$169.71
Days on Market402
Property Features for 862 Lafayette Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
SC
Directions
Cape Coral, 1 block south of Cape Coral Parkway, 1 block east of Coronado Parkway.
Subdivision
CC11 - Cape Coral Unit 1, 2, 4-6
Standard status
Active
APN
18-45-24-C1-00052.0590
Lot size
0.90 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
CAPE CORAL UNIT 6 PT.3 BLK.52 PB 11 PG 77 LOTS 55 THRU 62 and CAPE CORAL UNIT 6 PART 3 BLK.52 PB 11 PG 77 LOTS 36 THRU 39
Tax Annual Amount
22133
Legal Description
CAPE CORAL UNIT 6 PT.3 BLK.52 PB 11 PG 77 LOTS 55 THRU 62 and CAPE CORAL UNIT 6 PART 3 BLK.52 PB 11 PG 77 LOTS 36 THRU 39
Building Details
Year built
2002
Floors in Building
2
Listing Agency:
Cornerstone Coastal Properties
(239) 989-0111
Listed By:
Daryl Simms · License #258026217
(239) 202-1801
Added: Jun 30, 2025
Changed: Aug 4
Last Checked: Aug 5 at 6:06PM
MLS# 225058810
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 two-story commercial building offers a functional mix of food-service and office space, totaling over 17,500 square feet. The premises include six walk-in coolers and three walk-in freezers, along with two commercial kitchens and a butcher room. Multiple restrooms are available, and a phase-3 power system is included to support heavier operating needs. The second-floor office includes a small balcony overlooking the main shopping area floor with a soaring ceiling. The outdoor setup includes a large screened patio area with power shutters, and one kitchen configuration is set up for use with the patio seating. A significant amount of furniture, fixtures, and equipment (FFE) is on the premises for consideration of sale.
The offering includes 862 Lafayette Street, with the building and some parking, plus 859 Miramar Street for an additional off-street entrance from the south and additional parking. The property is located about one block south of Cape Coral Parkway and one block east of Coronado Parkway. The building sits within the (SC) South Cape Zoning District and is associated with the CRA and the South Cape Hospitality & Entertainment Area.
With its on-site refrigeration, commercial kitchens, and dedicated butcher room, the building is well-suited for restaurant concepts or other food-focused operators seeking space that can support day-to-day production and service. The combination of ground-level operating areas and second-floor office space can also accommodate an internal management or administrative setup while maintaining separation between work and operations.
The offering includes 862 Lafayette Street, with the building and some parking, plus 859 Miramar Street for an additional off-street entrance from the south and additional parking. The property is located about one block south of Cape Coral Parkway and one block east of Coronado Parkway. The building sits within the (SC) South Cape Zoning District and is associated with the CRA and the South Cape Hospitality & Entertainment Area.
With its on-site refrigeration, commercial kitchens, and dedicated butcher room, the building is well-suited for restaurant concepts or other food-focused operators seeking space that can support day-to-day production and service. The combination of ground-level operating areas and second-floor office space can also accommodate an internal management or administrative setup while maintaining separation between work and operations.
Key Highlights
- Prime Downtown Cape Coral location in a vibrant district.
- High‑traffic location, boosted by over 400 new nearby apartment units.
- Significant future development projects are planned nearby.
Financial Insights For Office B
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 | $388.5k | $22.20 |
| − Vacancy | −$58.3k | −$3.33 |
| EGI | $330.2k | $18.87 |
| − OpEx | −$82.6k | −$4.72 |
| NOI | $247.7k | $14.15 |
17,500 SF · lease $22.20/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.97M
$3.47M – $4.63M
NOI $277,830 @ 7.0% cap · market cap 9.35%
Second Best
Office B
$3.54M
$3.10M – $4.13M
NOI $247,669 @ 7.0% cap · market cap 8.34%
Theoretical Best
Office A
$4.54M
$3.97M – $5.30M
NOI $317,856 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
2,185
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33904, FL
32,029
Population
20,401
Households
1.6
Avg Household Size
56
Median Age
29%
College-Educated
95%
High-School Grad
9.7 sq mi
ZIP Area
3,302
Density / Sq Mi
$66,933
Median Household Income
$43,829
Median Earnings
$1,665
Median Rent
$347,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two-story building with commercial kitchens, walk-in refrigeration, and office space, designed to support food-service operations.
Where is this conventional restaurant located?
The property is located at 862 Lafayette Street Cape Coral, FL.
What is the asking price?
The asking price for this property is $2,970,000.
What are key features of this property?
This property features: Prime Downtown Cape Coral location in a vibrant district.; High‑traffic location, boosted by over 400 new nearby apartment units.; Significant future development projects are planned nearby.
