Two-Story Professional Office
For Sale
$1,250,000
1323 Viscaya Parkway, Cape Coral, FL 33990
Commercially zoned office property with medical use potential, on-site parking, and an existing tax and accounting service occupant.
Property Size4,865 SF
Lot Size0.34 Acres
Price / SF$256.94
Days on Market77
Property Features for 1323 Viscaya Parkway
General Information
Standard status
Active
Size
4,865 SF
Total Parking Spaces
21
Lot size
0.34 Acres
Property subtype
Office
Zoning
C
Net Operating Income
$74,865
Additional Details
Cap Rate
6%
Building Details
Building Size
4,865 SF
Year Built
1991
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Boback Commercial Group
Listed By:
Jim Boback · License #BK351157
(239) 466-7770
Source:
Commercialcafe
Added: Aug 8
Changed: Oct 16
Last Checked: Oct 23 at 4:03AM
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 Boback Commercial Group
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Investment Insights
Based on property information with market context.
This two-story office property contains 4,865 SF, with approximately 2,240 square feet on each floor and a 385-square-foot lobby. Constructed in 1991, the building is configured for professional office and medical use and is currently occupied by a multistate tax and accounting service. The property sits on an approximately 0.34-acre parcel measuring 15,000 square feet.
Zoned C – Commercial by the City of Cape Coral, the site includes 21 parking spaces. The property’s reported cap rate is 6%. Its existing office configuration, medical-use designation, and current occupancy provide a defined commercial framework for evaluation.
Zoned C – Commercial by the City of Cape Coral, the site includes 21 parking spaces. The property’s reported cap rate is 6%. Its existing office configuration, medical-use designation, and current occupancy provide a defined commercial framework for evaluation.
Key Highlights
- 4,865 SF two‑story office building with 2,240 square feet per floor and a 385‑square‑foot lobby
- Approximately 0.34± acres, or 15,000 square feet of land
- Built in 1991 and currently occupied by a multistate tax and accounting service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,852
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,377,040
$1.4M
Cap Rate 7%
$983,600
$983.6K
Cap Rate 9%
$765,022
$765.0K
Market Conditions
NOI Build-Up for 4,865 SF
Gross rent
$108.0K $22.20/SF
− Vacancy
−$16.2K −$3.33/SF
EGI
$91.8K $18.87/SF
− OpEx
−$23.0K −$4.72/SF
NOI
$68.9K $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%
$1,377,040
Cap Rate 7%
$983,600
Cap Rate 9%
$765,022
Alternative Uses
Best Use
Office B
$983.6K
$860.7K – $1.15M
NOI $68,852 @ 7.0% cap · market cap 5.51%
Second Best
Healthcare Medical
$869.9K
$761.2K – $1.01M
NOI $60,896 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,364 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,843
Businesses Nearby
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 Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Commercially zoned office property with medical use potential, on-site parking, and an existing tax and accounting service occupant.
Where is this office building located?
The property is located at 1323 Viscaya Parkway Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 4,865 SF two‑story office building with 2,240 square feet per floor and a 385‑square‑foot lobby; Approximately 0.34± acres, or 15,000 square feet of land; Built in 1991 and currently occupied by a multistate tax and accounting service
