Cape Coral Investment
820 Cape Coral Pkwy E Cape Coral, FL 33904
820 Cape Coral Pkwy E, Cape Coral, FL, 33904
$899,000
For Sale
$899,000
Prime commercial building in a sought-after downtown location.
Property Size2,100 SF
Lot Size0.07 Acres
Price / SF$428.10
Days on Market85
Property Features for 820 Cape Coral Pkwy E
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Lot size
- 0.07 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1965
Listing Agency
The Keyes Company
(239) 470-0591
Listed by
Ellen Stinson · License #258020980
(239) 470-0591
Source
Elliman
Added: Apr 24 Checked: Jul 17 at 4:05 am
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 The Keyes Company
Investment Insights
Based on property information with market context.
This commercial building, located in a highly sought-after downtown Cape location, offers a prime investment opportunity. The property features 2,100 square feet of space on a 3,115-square-foot lot. Currently, the building is leased to a vape shop under a 5-year lease, providing immediate income for investors. Situated within the Downtown Mixed-Use Future Land Use District and the South Cape Zoning District, the property supports long-term upside and redevelopment potential. Recent improvements include a new roof installed in February 2023 and remodeling work costing $160,000. The property benefits from exceptional visibility along Cape Coral Parkway, ensuring strong exposure in one of the city’s most active commercial corridors. This property can also be sold together with 817 & 819 Lafayette St for an additional price, creating added flexibility for future expansion or redevelopment. The location has a walk score of 46, indicating it is car-dependent, and a bike score of 38, indicating it is somewhat bikeable.
Key Highlights
- Prime Downtown Cape location in a highly sought‑after area.
- Immediate income from existing 5‑year lease with a vape shop.
- New roof installed in 2‑2023 and recent remodel costing $160,000.
Local 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 | $46.1k | $21.96 |
| − Vacancy | −$876 | −$0.42 |
| EGI | $45.2k | $21.54 |
| − OpEx | −$13.6k | −$6.46 |
| NOI | $31.7k | $15.08 |
2,100 SF · lease $21.96/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$452.4K
$395.9K – $527.8K
NOI $31,668 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$544.9K
$476.8K – $635.7K
NOI $38,143 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fly High Vape ...
Distribution Center
Red Letters Marketing
Advertising Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Prime commercial building in a sought-after downtown location.
Where is this storefront property located?
The property is located at 820 Cape Coral Pkwy E Cape Coral, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Prime Downtown Cape location in a highly sought‑after area.; Immediate income from existing 5‑year lease with a vape shop.; **New roof installed in 2‑2023 and recent remodel costing $160,000.**
