Leased Professional Office
For Sale
$1,295,000
1314-1322 Lafayette St, Cape Coral, FL 33904
Fully leased office building configured as five units, with improvements including a new roof, new A/C, and updated plumbing.
Property Size6,498 SF
Price / SF$199.29
Days on Market200
Property Features for 1314-1322 Lafayette St
General Information
Standard status
Active
Size
6,498 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Business Included
Yes
Office Units
5
Building Details
Year Built
1973
Tenancy
Multi
Listing Agency:
Century 21 Selling Paradise
Listed By:
Jack Martin · License #278007007
(239) 707-9015
Source:
Naplesareahomesearch
Added: Apr 3
Changed: Oct 1
Last Checked: Oct 19 at 7:04AM
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 Century 21 Selling Paradise
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fully leased, 100% occupied professional office building is currently configured as five units. The property is described as turnkey and meticulously maintained, with upgrades that include a new roof, new A/C systems, and updated plumbing intended to help minimize near-term capital expense.
The building is located at 1314-1322 Lafayette Street in Cape Coral, Florida, and is positioned for visibility and accessibility along Lafayette Street.
Prospective owners should note the stated layout flexibility, with the current five-unit configuration described as having the potential to expand to seven units.
The building is located at 1314-1322 Lafayette Street in Cape Coral, Florida, and is positioned for visibility and accessibility along Lafayette Street.
Prospective owners should note the stated layout flexibility, with the current five-unit configuration described as having the potential to expand to seven units.
Key Highlights
- Fully leased, 100% occupied professional office building built in 1973
- Currently configured as five units, with potential to expand to seven units
- Mostly long‑term tenant roster supports stable occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,963
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,839,260
$1.8M
Cap Rate 7%
$1,313,757
$1.3M
Cap Rate 9%
$1,021,811
$1.0M
Market Conditions
NOI Build-Up for 6,498 SF
Gross rent
$144.3K $22.20/SF
− Vacancy
−$21.6K −$3.33/SF
EGI
$122.6K $18.87/SF
− OpEx
−$30.7K −$4.72/SF
NOI
$92.0K $14.15/SF
Area
Cape Coral, FL
Vacancy
15.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,839,260
Cap Rate 7%
$1,313,757
Cap Rate 9%
$1,021,811
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $91,963 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,024 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
5
Office units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,363
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Fully leased office building configured as five units, with improvements including a new roof, new A/C, and updated plumbing.
Where is this office unit located?
The property is located at 1314-1322 Lafayette St Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Fully leased, 100% occupied professional office building built in 1973; Currently configured as five units, with potential to expand to seven units; Mostly long‑term tenant roster supports stable occupancy
