Two-Unit Office
New
For Sale
$1,275,000
1224 & 1228 Lafayette Street, Cape Coral, FL 33904
CommercialSale, Cape Coral, FL
Property Size3,000 SF
Lot Size0.21 Acres
Price / SF$425
Days on Market1
Property Features for 1224 & 1228 Lafayette Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
SC
Directions
Cape Coral Parkway to Vincennes Blvd S, turn left onto Lafayette St, property located on the right.
Subdivision
CC11 - Cape Coral Unit 1, 2, 4-6
Standard status
Active
APN
18-45-24-C2-00068.0920
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CAPE CORAL UNIT 6 PT.3 BLK.68 PB 11 PG 78 LOTS 92 THRU 94
Tax Annual Amount
7618
Legal Description
CAPE CORAL UNIT 6 PT.3 BLK.68 PB 11 PG 78 LOTS 92 THRU 94
Building Details
Year built
1972
Floors in Building
1
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(239) 275-5500
Listed By:
Joe Bartlett · License #641586074
(239) 322-8595
Added: Oct 7
Last Checked: Oct 7 at 8:06PM
MLS# 2026042368
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1972, this office property contains two suites and an adjoining lot. The 1,550-square-foot suite is occupied by an architect, while the 1,450-square-foot suite is occupied by a civil engineer. The building has undergone recent remodeling, with additional wall molding and flooring planned for the first suite to bring it in line with the second.
The second suite is leased month to month, and its tenant is willing to consider a longer term with a new owner. The first suite is expected to have a one-year lease, followed by a month-to-month arrangement. The current owner is seeking a sale-leaseback.
The second suite is leased month to month, and its tenant is willing to consider a longer term with a new owner. The first suite is expected to have a one-year lease, followed by a month-to-month arrangement. The current owner is seeking a sale-leaseback.
Key Highlights
- Two office suites: 1,550 square feet and 1,450 square feet
- Adjoining lot measures 0.214 acres
- Architect occupies one suite; civil engineer occupies the other
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,458
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$849,160
$849.2K
Cap Rate 7%
$606,543
$606.5K
Cap Rate 9%
$471,756
$471.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$66.6K $22.20/SF
− Vacancy
−$10.0K −$3.33/SF
EGI
$56.6K $18.87/SF
− OpEx
−$14.2K −$4.72/SF
NOI
$42.5K $14.15/SF
Area
Cape Coral, FL
Vacancy
15.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$849,160
Cap Rate 7%
$606,543
Cap Rate 9%
$471,756
Alternative Uses
Best Use
Office B
$606.5K
$530.7K – $707.6K
NOI $42,458 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$778.4K
$681.1K – $908.2K
NOI $54,490 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,363
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Separate professional suites are occupied by architecture and civil engineering tenants.
Where is this office units located?
The property is located at 1224 & 1228 Lafayette Street Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Two office suites: 1,550 square feet and 1,450 square feet; Adjoining lot measures 0.214 acres; Architect occupies one suite; civil engineer occupies the other
