916 SE 14th Ave Cape Coral, FL 33990
Restaurant property in a heavy industrial zoning district with a fully fenced yard for operations or adaptive reuse.
Property Features for 916 SE 14th Ave
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.52 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1977
Listing office RE/MAX Nautical Realty (239) 600-0038
Listing date Jun 22, 2026
Source Elliman
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Investment Insights
Based on property information with market context.
The offering is located in Cape Coral within a heavy industrial zoning district. Public remarks note the property is home to the well-known Leone’s restaurant, establishing an existing, recognizable restaurant use within the industrial setting.
For buyers and operators, the site can be approached as a continuing restaurant operation, an owner-user repositioning option, or a change back to an industrial use depending on the applicable requirements. The presence of an existing restaurant tenant/use alongside a heavy industrial zoning designation gives the property flexibility for entities seeking an established site in an industrial environment.
Key Highlights
- Restaurant property in Cape Coral’s heavy industrial zoning district
- Under‑air size is just under 5,000 SF
- Sits on a 0.52‑acre lot with a fully fenced yard
Local Financial Insights For Specialty 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 | $108.0k | $21.60 |
| − Vacancy | −$2.2k | −$0.43 |
| EGI | $105.8k | $21.17 |
| − OpEx | −$26.5k | −$5.29 |
| NOI | $79.4k | $15.88 |
