Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2721 Del Prado Blvd S Cape Coral, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Multi-tenant medical building with surgery center for lease.

    Type:OFFICE
    Property size:
    2,005 SF
    Lot size:
    3.53 Acres
    Added:
    Mar 24, 2025
    Days on Market:
    397
    Last Refresh:
    Apr 5 at 9:54 pm

    Property Features for 2721 Del Prado Blvd S

    General Information

    Standard status
    Active
    Size
    2,005 SF
    Lot size
    3.53 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 2721 Del Prado Blvd S Contact us

    We can help!

    Listing Contact
    Gary Gagne

    Listing agent Gary Gagne

    Listing office Welltower, Inc. - Corporate

    Listing date Mar 24, 2025

    Source Moodyscre

    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 Welltower, Inc. - Corporate

    Overview

    Cape Coral Medical Building Space

    Located at the corner of Del Prado Blvd S and SE 28th Street in Cape Coral, Florida, this multi-tenant medical building offers 2,005 square feet of space for rent. The 39,142 square-foot building includes a surgery center featuring 5 operating rooms. The property is located within a 10-mile radius of Lee Memorial’s Cape Coral Hospital and the Lee County VA Healthcare Center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cape Coral Medical ... Medical Clinic Cape Coral Surgery ... Medical Clinic Athletic Orthopedic and Reconstructive ... Medical Clinic University Urology Cape ... Physician Dr. Pedro E. ... Physician

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • Viscaya Prado Veterinary Hospital — 920 Country Club Blvd, Cape Coral, FL 33990
    • Viscaya Prado Veterinary Hospital — 1141 Country Club Blvd, Cape Coral, FL 33990
    • Dr. Christopher Melloh, DVM — 920 Country Club Blvd, Cape Coral, FL 33990
    • Dr. Gary Nelson — 920 Country Club Blvd, Cape Coral, FL 33990
    • Dr. Lisa Monte — 920 Country Club Blvd, Cape Coral, FL 33990

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9407
    Latitude
    26.6014

    Nearby Similar for Lease

    • $1,975/Mo

      Cape Coral Office Space Available

      Professional office space for rent in Cape Coral, Florida.
      4020 Del Prado Boulevard S, Cape Coral, FL 33904
      View Details
    • $2,250/Mo

      Cape Coral First Floor Office

      883 SF office space available in April 2026.
      923 Del Prado Boulevard S, Cape Coral, FL 33990
      View Details
    • $3,800/Mo

      Cape Coral Retail Space Available

      Retail space in South Cape District with open floor plan.
      1309-B SE 47th Terrace, Cape Coral, FL 33904
      View Details
    • $2,500/Mo

      Cape Coral Commercial Office Space

      Multi-tenant office building with warehouse space available for rent.
      4427 SE 16th Place, Cape Coral, FL 33904
      View Details
    • $4,150/Mo

      Cape Coral Industrial Building For Rent

      Industrial building with office and warehouse space available for rent.
      954 Country Club Boulevard, Cape Coral, FL 33990
      View Details
    • $1,700/Mo

      Cape Coral Executive Office Suite

      Move-in ready office space near City Hall with flexible layout.
      1212 Country Club Boulevard, Cape Coral, FL 33990
      View Details
    • $2,950/Mo

      Cape Coral Flex Space Available

      Flex space with office and warehouse in downtown Cape Coral.
      4519 SE 16th Place, Cape Coral, FL 33904
      View Details
    • $22 SF/Yr

      Renovated Industrial Property in Cape Coral

      Renovated 4,500 SF industrial property with flexible uses.
      1002 SE 9th Street, Cape Coral, FL 33990
      View Details
    • $1,900/Mo

      Warehouse with Office Space Available

      Warehouse space with office in North Cape Industrial Park.
      909 NE 27th Lane, Cape Coral, FL 33909
      View Details
    • $2,100/Mo

      Cape Coral Warehouse with Office

      Warehouse space with office in North Cape Industrial Park.
      909 NE 27th Lane, Cape Coral, FL 33909
      View Details
    • $1,000/Mo

      Downtown Cape Coral Office Space

      Spacious office space in the heart of downtown Cape Coral.
      4705 Vincennes Boulevard, Cape Coral, FL 33904
      View Details
    • $18 SF/Yr

      Cape Coral Office/Medical Space

      Recently remodeled office space suitable for medical or professional use.
      1224 Del Prado Boulevard S, Cape Coral, FL 33990
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Multi-tenant medical building with surgery center for lease.
    Where is this medical office space located?
    The property is located at 2721 Del Prado Blvd S Cape Coral, FL.
    What are key features of this property?
    This property features: 39,142 square‑foot multi‑tenant medical building; Surgery center with **5 operating rooms**; Located at the corner of Del Prado Blvd S and SE 28th Street
    (561) 339-3191 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Gary Gagne
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!