Industrial Flex
For Sale
$899,000
927 SE 13th Ave, Cape Coral, FL 33990
Large open warehouse includes two overhead garage doors, plus office space with multiple workstation areas.
Property Size4,140 SF
Price / SF$217.15
Days on Market81
Property Features for 927 SE 13th Ave
General Information
Standard status
Active
Size
4,140 SF
Building Details
Year Built
1980
Listing Agency:
Ellis Real Estate Group LLC
Listed By:
Stan Ellis · License #258017440
(239) 633-7560
Source:
Swfloridarealestate
Added: Jul 20
Changed: Sep 11
Last Checked: Oct 7 at 12:55PM
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 Ellis Real Estate Group LLC
Investment Insights
Based on property information with market context.
This industrial flex warehouse offers a large open workspace and a dedicated office area designed to accommodate multiple workstations and staff. The warehouse features two overhead garage doors with access from SE 10th St, supporting straightforward loading and tenant workflow.
In addition to the main warehouse doors, there is an overhead garage door on the East side that provides access to a 2-post vehicle lift. The property is described as having access from three sides, supporting flexible site operations and efficient movement within the facility.
Overall, the layout combines open warehouse space, overhead door access, and an office component in a single property configuration.
In addition to the main warehouse doors, there is an overhead garage door on the East side that provides access to a 2-post vehicle lift. The property is described as having access from three sides, supporting flexible site operations and efficient movement within the facility.
Overall, the layout combines open warehouse space, overhead door access, and an office component in a single property configuration.
Key Highlights
- Access from 3 sides for convenient industrial entry and circulation
- Large open warehouse space with 2 overhead garage doors
- Warehouse access from SE 10th St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,290
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$905,800
$905.8K
Cap Rate 7%
$647,000
$647.0K
Cap Rate 9%
$503,222
$503.2K
Market Conditions
NOI Build-Up for 4,140 SF
Gross rent
$74.5K $18.00/SF
− Vacancy
−$4.8K −$1.17/SF
EGI
$69.7K $16.83/SF
− OpEx
−$24.4K −$5.89/SF
NOI
$45.3K $10.94/SF
Area
Cape Coral, FL
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$905,800
Cap Rate 7%
$647,000
Cap Rate 9%
$503,222
Alternative Uses
Best Use
Flex RnD
$647.0K
$566.1K – $754.8K
NOI $45,290 @ 7.0% cap · market cap 5.04%
Second Best
Warehouse
$603.0K
$527.6K – $703.5K
NOI $42,211 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$1.07M
$940.0K – $1.25M
NOI $75,196 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33990, FL
32,717
Population
15,483
Households
2.1
Avg Household Size
47
Median Age
24%
College-Educated
89%
High-School Grad
9.3 sq mi
ZIP Area
3,518
Density / Sq Mi
$70,278
Median Household Income
$38,588
Median Earnings
$1,643
Median Rent
$330,500
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 Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Large open warehouse includes two overhead garage doors, plus office space with multiple workstation areas.
Where is this flex space located?
The property is located at 927 SE 13th Ave 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: Access from 3 sides for convenient industrial entry and circulation; Large open warehouse space with 2 overhead garage doors; Warehouse access from SE 10th St
