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    909 SE 13th Pl Cape Coral, FL 33990

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    For Sale
    $985,000

    Industrial flex building with two units, one leased, one vacant.

    Type:Commercial
    Property size:
    4,250 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $231/SF
    Added:
    Apr 24, 2026
    Days on Market:
    8
    Last Refresh:
    Apr 24 at 3:22 pm

    Property Features for 909 SE 13th Pl

    General Information

    Standard status
    Active
    Size
    4,250 SF
    Lot size
    0.17 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1977

    We can help!

    Listing Contact
    Lorelis Munoz

    Listing agent Lorelis Munoz License #258030533

    Listing office EXP Realty LLC

    Listing date Apr 24, 2026

    Source Elliman

    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 EXP Realty LLC

    Overview

    Cape Coral Industrial Flex Opportunity

    This industrial flex opportunity is located in Cape Coral and zoned I — Industrial. The 4,250 square foot building sits on a 7,500 square foot lot and features two fully air-conditioned units. Each unit includes its own private office space, garage and bay areas, and a large overhead door. The property provides blacktop and concrete parking on site. City water and sewer are available with assessments paid. Unit one is leased through February 2028 with a 5% annual rent escalation, generating immediate income. Unit two will be delivered vacant at closing; equipment and contents are available for purchase. Built in 1977 with an effective year of 1984, the property features a new roof permitted in 2023. The location offers easy access to major corridors and is not in a flood zone. The property has a walk score of 61, indicating it is somewhat walkable, and a bike score of 41, indicating it is somewhat bikeable. This property is ideal for owner-users or for generating additional rental income.
    Location Intelligence

    Current Use by Public Records

    Integrity Auto Repair Auto Repair Shop Integrity Auto Sales ... Car Dealership

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Bella Personal Chef — 232 NE 9th Ct, Cape Coral, FL 33909

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9453813
    Latitude
    26.6354354

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    FAQs

    What type of property is this?
    Flex space - Industrial flex building with two units, one leased, one vacant.
    Where is this flex space located?
    The property is located at 909 SE 13th Pl Cape Coral, FL.
    What is the asking price?
    The asking price for this property is $985,000.
    What are key features of this property?
    This property features: Zoned Industrial (I) offering flexible usage options for various business types.; Two fully air‑conditioned units, one generating immediate income through February 2028 with 5% annual rent escalation.; **Second unit delivered vacant, ideal for owner‑user or additional rental income.**
    (786) 263-8553
    We can help!
    Listing Contact
    Lorelis Munoz
    Real Estate License ID: 258030533
    Learn More
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    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.

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    909 SE 13th Pl, Cape Coral, FL 33990

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