20-Tenant Shopping
For Sale
Contact for pricing
Pending
1219 Cape Coral Pkwy E, Cape Coral, FL 33904
Renovated retail property with a mix of operating businesses and a roof installed in 2023.
Property Size53,648 SF
Days on Market245
Property Features for 1219 Cape Coral Pkwy E
General Information
Standard status
Pending
Size
53,648 SF
Property subtype
RETAIL
Building Details
Tenancy
Multi
Listing Agency:
CENTURY 21 Selling Paradise
(239) 542-5777
Listed By:
Jack Martin · License #278007007
(239) 707-9015
Source:
Moodyscre
Added: Feb 4
Changed: Oct 2
Last Checked: Oct 7 at 1:38PM
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 CENTURY 21 Selling Paradise
Investment Insights
Based on property information with market context.
The 53,648-square-foot shopping center has served the Cape Coral community since the early 1960s. A comprehensive renovation was completed in 2019, and a replacement roof was installed in 2023. The center contains 20 tenants across retail, restaurant, service, and professional office uses.
At 1219 Cape Coral Pkwy E, the property is in downtown Cape Coral. The City owns an 87,360-square-foot parking lot directly north of the center and has expressed interest in partnering with a developer. The City’s stated vision for that lot includes a mixed-use project with parking on multiple levels.
At 1219 Cape Coral Pkwy E, the property is in downtown Cape Coral. The City owns an 87,360-square-foot parking lot directly north of the center and has expressed interest in partnering with a developer. The City’s stated vision for that lot includes a mixed-use project with parking on multiple levels.
Key Highlights
- 53,648‑square‑foot shopping center with 20 tenants
- Renovation completed in 2019
- Roof installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$809,008
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,180,160
$16.2M
Cap Rate 7%
$11,557,257
$11.6M
Cap Rate 9%
$8,988,978
$9.0M
Market Conditions
NOI Build-Up for 53,648 SF
Gross rent
$1.18M $21.96/SF
− Vacancy
−$22.4K −$0.42/SF
EGI
$1.16M $21.54/SF
− OpEx
−$346.7K −$6.46/SF
NOI
$809.0K $15.08/SF
Area
Cape Coral, FL
Vacancy
1.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,180,160
Cap Rate 7%
$11,557,257
Cap Rate 9%
$8,988,978
Alternative Uses
Best Use
Retail
$11.56M
$10.11M – $13.48M
NOI $809,008 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.92M
$12.18M – $16.24M
NOI $974,419 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
128k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 33%
Dining 31%
Shops & Services 30%
Apparel 5%
Publix
Groceries
42,425 visits/mo
0.5 miles
McDonald's
Dining
20,008 visits/mo
0.4 miles
Shell
Shops & Services
15,790 visits/mo
0.4 miles
Dunkin' Donuts
Dining
8,937 visits/mo
0.5 miles
Circle K
Shops & Services
8,717 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Camelot Isles Shopping Center — 1616 Cape Coral Pkwy W, Cape Coral, FL 33914
Frequently Asked Questions
What type of property is this?
Shopping center - Renovated retail property with a mix of operating businesses and a roof installed in 2023.
Where is this shopping center located?
The property is located at 1219 Cape Coral Pkwy E Cape Coral, FL.
What is the asking price?
The asking price for this property is $12,495,000.
What are key features of this property?
This property features: 53,648‑square‑foot shopping center with 20 tenants; Renovation completed in 2019; Roof installed in 2023
