Two-Story Retail Building with
New
For Sale
$1,350,000
1313 SE 47th Terrace, Cape Coral, FL 33904
CommercialSale, Cape Coral, FL
Property Size5,920 SF
Lot Size0.15 Acres
Price / SF$228.04
Days on Market2
Property Features for 1313 SE 47th Terrace
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
SC
Subdivision
CC12 - Cape Coral Unit 7-15
Standard status
Active
APN
07-45-24-C3-00360.0250
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CAPE CORAL UNIT 7 BLK.360 PB 12 PG 124 LOTS 25 + 26
Tax Annual Amount
15758
Legal Description
CAPE CORAL UNIT 7 BLK.360 PB 12 PG 124 LOTS 25 + 26
Building Details
Year built
1975
Floors in Building
2
Listing Agency:
Krise Commercial Group, LLC
(239) 690-4100
Listed By:
Marjan Rumija · License #258025749
(239) 285-8922
Added: Sep 10
Last Checked: Sep 11 at 8:06AM
MLS# 2026038273
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.
This two-story retail property contains 5,920 square feet and offers a flexible configuration for a single operation or two separate commercial units. The proposed division includes a 2,120-square-foot first unit with a 525-square-foot patio, while the second unit provides 2,600 square feet on the first floor, an additional 1,200 square feet upstairs, and another 525-square-foot patio. Plans for the split are ready.
The building sits on SE 47th Terrace in Downtown Cape Coral, with the patios oriented toward the street. Public parking is located across from Big John's Plaza. The layout is suited to retail, restaurant, bakery, brewery, bar, or nightclub use, subject to applicable approvals. Constructed in 1975, the property can also function as one 5,920-square-foot commercial space.
The building sits on SE 47th Terrace in Downtown Cape Coral, with the patios oriented toward the street. Public parking is located across from Big John's Plaza. The layout is suited to retail, restaurant, bakery, brewery, bar, or nightclub use, subject to applicable approvals. Constructed in 1975, the property can also function as one 5,920-square-foot commercial space.
Key Highlights
- 5,920sf two‑floor retail building
- Two‑unit division supported by ready plans
- Unit one: 2,120sf plus 525sf patio
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$93,986
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,879,720
$1.9M
Cap Rate 7%
$1,342,657
$1.3M
Cap Rate 9%
$1,044,289
$1.0M
Market Conditions
NOI Build-Up for 5,920 SF
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.
Gross rent
$127.9K $21.60/SF
− Vacancy
−$2.6K −$0.43/SF
EGI
$125.3K $21.17/SF
− OpEx
−$31.3K −$5.29/SF
NOI
$94.0K $15.88/SF
Area
Cape Coral, FL
Vacancy
2.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,879,720
Cap Rate 7%
$1,342,657
Cap Rate 9%
$1,044,289
Alternative Uses
Best Use
Specialty Retail
$1.34M
$1.17M – $1.57M
NOI $93,986 @ 7.0% cap · market cap 6.96%
Second Best
Retail
$1.28M
$1.12M – $1.49M
NOI $89,273 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$1.54M
$1.34M – $1.79M
NOI $107,526 @ 7.0% cap · market cap 7.96%
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
2,496
Businesses Nearby
270k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 37%
Groceries 10%
Home Improvements & Furnishings 6%
Winn-Dixie
Groceries
28,327 visits/mo
0.2 miles
McDonald's
Dining
18,781 visits/mo
0.1 miles
7-Eleven
Shops & Services
18,620 visits/mo
0.1 miles
Ford's Garage
Dining
17,763 visits/mo
0.5 miles
Culver's
Dining
17,470 visits/mo
0.4 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Two-level commercial space with patio areas and a layout that can accommodate one or two businesses.
Where is this retail space located?
The property is located at 1313 SE 47th Terrace Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 5,920sf two‑floor retail building; Two‑unit division supported by ready plans; Unit one: 2,120sf plus 525sf patio
