Multi-Unit Flex/Warehouse
For Sale
$1,650,000
1007 NE 7th Terrace, Cape Coral, FL 33909
Steel-frame flex/warehouse building with five units, separate utilities, and rear grade-level overhead loading doors.
Property Size7,314 SF
Price / SF$225.59
Days on Market373
Property Features for 1007 NE 7th Terrace
General Information
Standard status
Active
Size
7,314 SF
Property subtype
Commercial
Occupancy
100%
Building Details
Year Built
2009
Construction
Steel frame with concrete block walls and a standing seam metal roof
Tenancy
Multi
Listing Agency:
Riverside Realty Services LLC
Listed By:
Andy Richardson
(239) 984-8177
Source:
Johnrwood
Added: Jul 25, 2025
Changed: Jul 26
Last Checked: Jul 26 at 5:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Riverside Realty Services LLC
Investment Insights
Based on property information with market context.
This 17,314 SF steel-frame building is currently 100% occupied and consists of five units. Each unit has separate utilities and separate access. The structure features concrete block walls and a standing seam metal roof, with loading provided by grade-level overhead doors located at the rear of the property along the alleyway. Ample on-site parking supports day-to-day operations.
The property is located at 1007 NE 7th Terrace in Cape Coral, Florida, and is year-built 2009. From an ownership perspective, the building’s investment features include 100% occupancy with short-term leases, providing flexibility for an owner to occupy space or increase rental revenue. The current occupancy also includes below-market rents, which are noted as offering upside potential.
The property is located at 1007 NE 7th Terrace in Cape Coral, Florida, and is year-built 2009. From an ownership perspective, the building’s investment features include 100% occupancy with short-term leases, providing flexibility for an owner to occupy space or increase rental revenue. The current occupancy also includes below-market rents, which are noted as offering upside potential.
Key Highlights
- 5‑unit steel‑frame flex/warehouse building with 7,314 SF, built in 2009
- Currently 100% occupied with short‑term leases and flexibility to owner‑occupy or increase rents
- Each unit has separate utilities and access
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 | $131.7k | $18.00 |
| − Vacancy | −$8.6k | −$1.17 |
| EGI | $123.1k | $16.83 |
| − OpEx | −$43.1k | −$5.89 |
| NOI | $80.0k | $10.94 |
7,314 SF · lease $18.00/SF/yr · vacancy 6.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.14M
$1.00M – $1.33M
NOI $80,012 @ 7.0% cap · market cap 4.85%
Second Best
Warehouse
$1.07M
$932.2K – $1.24M
NOI $74,573 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,846 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
366
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Little Joe's Special Events — 818 NE 8th St, Cape Coral, FL 33909
- Bella Personal Chef — 232 NE 9th Ct, Cape Coral, FL 33909
Frequently Asked Questions
What type of property is this?
Flex space - Steel-frame flex/warehouse building with five units, separate utilities, and rear grade-level overhead loading doors.
Where is this flex space located?
The property is located at 1007 NE 7th Terrace Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 5‑unit steel‑frame flex/warehouse building with 7,314 SF, built in 2009; Currently 100% occupied with short‑term leases and flexibility to owner‑occupy or increase rents; Each unit has separate utilities and access
