Flex Space with Office and
102-4519 Se 16th Pl, Cape Coral, FL 33991
For Sale
Contact for pricing
Combined office and warehouse layout includes street-facing windows, an ADA-compliant restroom, and dedicated parking.
Property Size1,382 SF
Price / SF$2.17
Days on Market102
Property Features for 102-4519 Se 16th Pl
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Listing Agency:
Phil Deems Real Estate
(239) 945-4545
Listed By:
Phil Deems · License FL #252010067
(239) 994-4540
Source:
Exprealty
Added: Aug 3
Changed: Nov 8
Last Checked: Nov 12 at 9:12AM
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 Phil Deems Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,382-square-foot flex property is part of a 12-unit building constructed in 2005. The configuration includes an approximately 18-by-18-foot air-conditioned office with two street-facing windows and an ADA-compliant restroom, plus an approximately 1,000-square-foot warehouse area.
The warehouse features a 12-foot overhead door, concrete flooring, fluorescent lighting, and 14-foot ceilings. Three designated parking spaces are located behind the unit, with additional on-street parking along SE 16th Place. The property is in downtown Cape Coral, just east of Del Prado Blvd.
The warehouse features a 12-foot overhead door, concrete flooring, fluorescent lighting, and 14-foot ceilings. Three designated parking spaces are located behind the unit, with additional on-street parking along SE 16th Place. The property is in downtown Cape Coral, just east of Del Prado Blvd.
Key Highlights
- 1,382 SF flex unit within a 12‑unit building constructed in 2005
- Approximately 1,000 SF warehouse with 14‑foot ceilings
- 12‑foot overhead door and concrete warehouse floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,616
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,320
$252.3K
Cap Rate 7%
$180,229
$180.2K
Cap Rate 9%
$140,178
$140.2K
Market Conditions
NOI Build-Up for 1,382 SF
Gross rent
$19.1K $13.80/SF
− Vacancy
−$1.0K −$0.76/SF
EGI
$18.0K $13.04/SF
− OpEx
−$5.4K −$3.91/SF
NOI
$12.6K $9.13/SF
Area
Cape Coral, FL
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,320
Cap Rate 7%
$180,229
Cap Rate 9%
$140,178
Alternative Uses
Best Use
Office B
$279.4K
$244.5K – $326.0K
NOI $19,559 @ 7.0% cap
Second Best
Flex RnD
$216.0K
$189.0K – $252.0K
NOI $15,118 @ 7.0% cap
Theoretical Best
Office A
$358.6K
$313.8K – $418.4K
NOI $25,102 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33991, FL
26,381
Population
11,563
Households
2.3
Avg Household Size
45
Median Age
25%
College-Educated
94%
High-School Grad
12.8 sq mi
ZIP Area
2,061
Density / Sq Mi
$82,927
Median Household Income
$41,773
Median Earnings
$1,914
Median Rent
$351,100
Median Home Value
Market
Average Price Trend$/SF for Flex space in Cape Coral, FL
Properties on Market for Flex space in Cape Coral
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Combined office and warehouse layout includes street-facing windows, an ADA-compliant restroom, and dedicated parking.
Where is this flex space located?
The property is located at 102-4519 Se 16th Pl Cape Coral, FL.
What are key features of this property?
This property features: 1,382 SF flex unit within a 12‑unit building constructed in 2005; Approximately 1,000 SF warehouse with 14‑foot ceilings; 12‑foot overhead door and concrete warehouse floor
