Two-Story Concrete Mixed-Use
917 SE 47th Terrace, Cape Coral, FL 33904
COMMERCIAL - Cape Coral, FL
Type:Office
Property size:
8,600 SFLot size:
0.14 AcresPrice / SF:
$279/SF- Added:
- Jan 26, 2026
- Days on Market:
- 152
- Last Refresh:
- Jun 27 at 4:06 am
Property Features for 917 SE 47th Terrace
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Standard status
- Active
- APN
- 07-45-24-C4-00356.0300
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CAPE CORAL UNIT 8 BLK 356 PB 13 PG 3 LOTS 30 + 31
- Tax Annual Amount
- 1592
Building Details
- Year built
- 1975
- Floors in Building
- 2
Listing agent Jack Martin License #278007007 (239) 707-9015
Listing office Century 21 Selling Paradise 3409 Del Prado Blvd S No. 103, FL (239) 542-5777
Listing date Jan 26, 2026
MLS# 2026004766
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
- Approx. 8,600 SF two‑story concrete commercial building built in 1975 in downtown Cape Coral
- First floor banquet hall setup with full commercial kitchen, pantry, conference room, reception/office, 4 restrooms, and ample storage
- Second floor offers 3 large classrooms, additional office space, and 2 restrooms; includes separation potential from the first floor
- Two separate entrances and two stairways enable owner‑occupy one level and lease the other for supplemental income
- Recent capital improvements include new roof (2023), new AC units, impact‑resistant glass, plus new flooring and ceiling tiles on the second floor
- Ample front and rear parking spaces available for guests and events
Overview
Located at 917 SE 47th Terrace in Cape Coral, this well-maintained two-story concrete building is designed for flexible commercial use. The first floor is currently operated as a banquet hall and includes a full commercial kitchen with pantry, a conference room, a reception/office area, four restrooms, and ample storage. The second floor features three large classrooms, additional office space, and two restrooms, supporting a range of professional or educational concepts. The building’s solid construction includes concrete trusses, and recent improvements noted by the seller include a new roof (2023), new AC units, impact-resistant glass, and new flooring and ceiling tiles on the second floor.
The layout supports separation between levels. The building offers two separate entrances and two stairways, allowing an owner to occupy one floor while leasing the other. Parking is available in both the front and rear of the property, providing convenient access for occupants and guests.
This property can fit a variety of owner-occupant and tenant needs, including event-driven hospitality, offices, educational uses, and adaptable medical or wellness or coworking concepts as described in the listing. The seller is also open to financing options and will consider a leaseback of a portion of the space, subject to terms and timing.
The layout supports separation between levels. The building offers two separate entrances and two stairways, allowing an owner to occupy one floor while leasing the other. Parking is available in both the front and rear of the property, providing convenient access for occupants and guests.
This property can fit a variety of owner-occupant and tenant needs, including event-driven hospitality, offices, educational uses, and adaptable medical or wellness or coworking concepts as described in the listing. The seller is also open to financing options and will consider a leaseback of a portion of the space, subject to terms and timing.
Local Financial Insights For Specialty 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 | $185.8k | $21.60 |
| − Vacancy | −$3.7k | −$0.43 |
| EGI | $182.0k | $21.17 |
| − OpEx | −$45.5k | −$5.29 |
| NOI | $136.5k | $15.88 |
8,600 SF · lease $21.60/SF/yr · vacancy 2.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.95M
$1.71M – $2.28M
NOI $136,534 @ 7.0% cap · market cap 5.69%
Second Best
Office B
$1.74M
$1.52M – $2.03M
NOI $121,712 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,204 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
America's Boating Club/Cape ...
Boat Club
Cape Coral Power ...
Association / Organization
Royal Portable Toilets
Production Facility
Royal Portable Toilet ...
Production Facility
Location Insight
- Map
- Local Demand
- City
- Cape Coral
- County
- Lee
- State
- Florida
- Longitude
- -81.953198
- Latitude
- 26.563989
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two-story concrete building with banquet hall kitchen on the first floor and classrooms or offices above.
Where is this office building located?
The property is located at 917 SE 47th Terrace Cape Coral, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Approx. 8,600 SF two‑story concrete commercial building built in 1975 in downtown Cape Coral; First floor banquet hall setup with full commercial kitchen, pantry, conference room, reception/office, 4 restrooms, and ample storage; Second floor offers 3 large classrooms, additional office space, and 2 restrooms; includes separation potential from the first floor
