Five-Unit Flex
For Sale
$1,650,000
Pending
1007 NE 7th Terrace, Cape Coral, FL 33909
CommercialSale, Cape Coral, FL
Property Size7,314 SF
Lot Size0.44 Acres
Days on Market390
Property Features for 1007 NE 7th Terrace
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
CORR
Directions
Pine Island Rd to north on Andalusia Blvd then righ ton NE 7th Terr. Proeprty is on the NEC of NE 7th Ter and NE 10th Ave.
Subdivision
CC31 - Cape Coral Unit 17, 31-36
Standard status
Pending
APN
07-44-24-C1-02013.0010
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
CAPE CORAL UNIT 31 BLK.2013 PB 14 PG 151 LOTS 1 THRU 5
Tax Annual Amount
10518
Legal Description
CAPE CORAL UNIT 31 BLK.2013 PB 14 PG 151 LOTS 1 THRU 5
Building Details
Year built
2009
Floors in Building
1
Listing Agency:
Riverside Realty Services LLC
(941) 613-6616
Listed By:
Andy Richardson · License #274506047
(941) 628-0191
Added: Aug 5, 2025
Changed: Aug 26
Last Checked: Aug 29 at 4:06PM
MLS# 2025004483
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.
Located at 1007 NE 7th Terrace in Cape Coral, this 7,314 SF flex property contains five units, each with separate utilities and access. The 2009 building combines a steel frame, concrete block walls, and a standing seam metal roof. Rear grade-level overhead doors open to the alleyway, and on-site parking serves the property.
The building is currently 100% occupied under short-term leases. Its unitized layout and individually separated utilities provide distinct occupancy arrangements within one commercial asset.
The building is currently 100% occupied under short-term leases. Its unitized layout and individually separated utilities provide distinct occupancy arrangements within one commercial asset.
Key Highlights
- 7,314 SF flex building with five units
- 100% occupied with short‑term leases
- Each unit has separate utilities and access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$80,012
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,600,240
$1.6M
Cap Rate 7%
$1,143,029
$1.1M
Cap Rate 9%
$889,022
$889.0K
Market Conditions
NOI Build-Up for 7,314 SF
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.
Gross rent
$131.7K $18.00/SF
− Vacancy
−$8.6K −$1.17/SF
EGI
$123.1K $16.83/SF
− OpEx
−$43.1K −$5.89/SF
NOI
$80.0K $10.94/SF
Area
Cape Coral, FL
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,600,240
Cap Rate 7%
$1,143,029
Cap Rate 9%
$889,022
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
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
658
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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Frequently Asked Questions
What type of property is this?
Flex space - Steel-frame construction, separate utilities, and rear grade-level loading support flexible occupancy.
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: 7,314 SF flex building with five units; 100% occupied with short‑term leases; Each unit has separate utilities and access
