Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    506 SE 47th Terrace Cape Coral, FL 33904

    Source: https://svn.com
    For Sale
    Contact for pricing

    Medical Office Building For Sale

    Property size:
    4,891 SF

    Description

    Added:
    May 15, 2025
    Days on Market:
    211
    Great location for this Medical Office Building with an existing MRI Center, including Equipment and Business for sale.
    The office buildout includes an MRI room and an X-ray room built to code for medical imaging standards.
    Two tenants - Imaging Center (Owner-User) and Physician Services & Rehab (Short-term Tenant)

    Location Description
    Located in busy Cape Coral Downtown.
    Close to the corner of Cape Coral Parkway and Palm Tree Blvd.

    Property Features for 506 SE 47th Terrace

    General Information

    Property type
    Medical offices
    Square Feet
    4,891 SF
    Class
    C
    Elevators
    N/A

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • The MRI and X‑ray rooms include approximately $2,000,000 in improvements Next door to the current Lee Physician Group for Internal Medicine in the Lee Memorial Health System‑owned building. New Lee Health Clinic at Bimini Square is expected to occupy most of the 1st floor and is slated to open Summer of 2025. The project includes retail, office, a waterfront restaurant, and 218 apartments. It is located on the south side of Cape Coral Pky. Over 35,000 AADT at Cape Coral Parkway E. and Palm Tree Drive (building is one parcel from Cape Coral Parkway). Growing population - Lee County is adding 90 residents per day.
    Insight Report Location Intelligence

    Current Use by Public Records

    MD Solutions LLC Software Company RX Imaging of SWFL Medical Diagnostic Imaging Center Radiology Mir Ct ... Medical Clinic healthy community center Mental Health Service Dr. Robert K. ... Doctor

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    State
    Florida
    Longitude
    -81.9420262
    Latitude
    26.5637234

    Nearby Similar for Sale

    • New
      $1,399,990
      15,000 SF

      Cape Coral Warehouse/Automotive Shop

      Centrally located warehouse/automotive shop in Cape Coral, Florida.
      1002 SE 9Th St, Cape Coral, FL 33990
      View Details
    • $599,900
      0.34 Acres

      Duplex with Pool and Spa

      Spacious duplex with pool, spa, and canal view.
      545/603 Cultural Park Blvd S, Cape Coral, FL 33990
      View Details
    • $3,490,000
      0.90 Acres

      Cape Coral Commercial Opportunity

      Two-story commercial building in downtown Cape Coral with ample parking.
      862 Lafayette St, Cape Coral, FL 33904
      View Details
    • $28,750,000
      0.33 Acres

      Mixed-Use Development Site with Plans

      Mixed-use development site with approved plans in downtown Cape Coral.
      1415 Cape Coral Pkwy E, Cape Coral, FL 33904
      View Details
    • $479,900
      0.26 Acres

      Cape Coral Income-Generating Duplex

      Fully rented duplex in Cape Coral, offering immediate cash flow.
      931/933 SE 23Rd Pl, Cape Coral, FL 33990
      View Details
    • New
      $849,000
      0.23 Acres

      Gulf Access Duplex with Pools

      Profitable duplex with private pools, fully furnished, near downtown.
      317-319 SW 47Th Ter, Cape Coral, FL 33914
      View Details

    FAQs

    What type of property is this?
    Medical office - Medical Office Building For Sale
    Where is this medical office located?
    The property is located at 506 SE 47th Terrace Cape Coral, FL.
    What are key features of this property?
    This property features: The MRI and X-ray rooms include approximately $2,000,000 in improvements Next door to the current Lee Physician Group for Internal Medicine in the Lee Memorial Health System-owned building. New Lee Health Clinic at Bimini Square is expected to occupy most of the 1st floor and is slated to open Summer of 2025. The project includes retail, office, a waterfront restaurant, and 218 apartments. It is located on the south side of Cape Coral Pky. Over 35,000 AADT at Cape Coral Parkway E. and Palm Tree Drive (building is one parcel from Cape Coral Parkway). Growing population - Lee County is adding 90 residents per day.
    (239) 410-2234
    Request Owner's contact information
    506 SE 47th Terrace Cape Coral, FL 33904
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    506 SE 47th Terrace
    Cape Coral, FL 33904
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    506 SE 47th Terrace Cape Coral, FL 33904
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.