Cape Coral Commercial
For Sale
$1,050,000
Pending
1213 SE 47th Terrace, Cape Coral, FL 33904
Versatile 2,325 SF commercial space in thriving Cape Coral.
Property Size2,325 SF
Lot Size0.16 Acres
Days on Market563
Property Features for 1213 SE 47th Terrace
General Information
Standard status
Pending
Size
2,325 SF
Lot size
0.16 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1971
Listing Agency:
ERA Right Choice Realty
(570) 687-3271
Listed By:
Mark Vancosky · License #258023771
(570) 687-3271
Source:
Exitrealty
Added: Jan 15, 2025
Changed: Jul 10
Last Checked: Jul 23 at 3:59AM
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 ERA Right Choice Realty
Investment Insights
Based on property information with market context.
Located at 1213 SE 47th Terrace in Cape Coral, Florida, this commercial property offers 2,325 square feet of space suitable for various business ventures. Constructed in 1971, the freestanding concrete block structure features tile flooring throughout, a small kitchenette, and a bathroom. At the rear of the building, there is an office and a separate storage room. The property includes nine parking spaces, with additional parking available across the street at Big John's Shopping Plaza. Situated within the Community Redevelopment Agency (CRA) area, the location is poised for growth, with planned enhancements to Big John's Shopping Plaza aimed at increasing connectivity and making downtown Cape Coral a premier destination for shopping, dining, and entertainment. This property is well-suited for a restaurant, bar, café, office, gym, or medical practice, offering an excellent opportunity to establish or expand your business in a thriving area. A new TPO roof and new A/C were installed in 2024. Possible owner financing is available.
Key Highlights
- Possible owner financing available.
- New TPO roof and A/C installed in 2024.**
- Located within the Community Redevelopment Agency (CRA) area, poised for growth with planned enhancements to Big John's Shopping Plaza.
Financial Insights For Retail
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 | $51.1k | $21.96 |
| − Vacancy | −$970 | −$0.42 |
| EGI | $50.1k | $21.54 |
| − OpEx | −$15.0k | −$6.46 |
| NOI | $35.1k | $15.08 |
2,325 SF · lease $21.96/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$500.9K
$438.3K – $584.4K
NOI $35,061 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$603.3K
$527.9K – $703.8K
NOI $42,229 @ 7.0% cap · market cap 4.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,496
Businesses Nearby
270k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 37%
Groceries 10%
Home Improvements & Furnishings 6%
Winn-Dixie
Groceries
28,327 visits/mo
0.2 miles
McDonald's
Dining
18,781 visits/mo
0.1 miles
7-Eleven
Shops & Services
18,620 visits/mo
0.1 miles
Ford's Garage
Dining
17,763 visits/mo
0.5 miles
Culver's
Dining
17,470 visits/mo
0.4 miles
Demographics for 33904, FL
32,029
Population
20,401
Households
1.6
Avg Household Size
56
Median Age
29%
College-Educated
95%
High-School Grad
9.7 sq mi
ZIP Area
3,302
Density / Sq Mi
$66,933
Median Household Income
$43,829
Median Earnings
$1,665
Median Rent
$347,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Versatile 2,325 SF commercial space in thriving Cape Coral.
Where is this retail space located?
The property is located at 1213 SE 47th Terrace Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Possible owner financing available.; New TPO roof and A/C installed in 2024.**; Located within the Community Redevelopment Agency (CRA) area, poised for growth with planned enhancements to Big John's Shopping Plaza.
