Office, Retail & Flex
New
For Sale
$3,350,000
1328 Lafayette St & 1323-1325 1403 Miramar St, Cape Coral, FL 33904
The assemblage combines adaptable buildings with conditioned office and warehouse areas and roll-up door access.
Property Size14,893 SF
Price / SF$224.94
Days on Market4
Property Features for 1328 Lafayette St & 1323-1325 1403 Miramar St
General Information
Standard status
Active
Size
14,893 SF
Property subtype
Retail
Additional Details
Traffic Count
36,000 vehicles/day
Conditioned Warehouse
Yes
Building Details
Building Size
14,893 SF
Year Built
1980
Listing Agency:
NAI Burns Scalo
Listed By:
Gary Tasman · License #BK3002798
(239) 470-9646
Source:
Naiglobal
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 4:00AM
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 NAI Burns Scalo
Investment Insights
Based on property information with market context.
This five-parcel commercial portfolio brings together approximately 14,893 SF of office, retail, and flex space, along with a separate parcel of approximately 3,036 SF. Several buildings have flexible layouts, air-conditioned office and warehouse areas, and roll-up doors. The properties are expected to be delivered vacant, allowing for occupancy or repositioning after closing.
The portfolio includes properties on Lafayette Street and Miramar Street in Downtown Cape Coral, a few minutes from Cape Coral Parkway. The location has exposure to approximately 36,000 vehicles per day. The assemblage spans multiple commercial formats, with an additional parcel that can support future development or parking.
The portfolio includes properties on Lafayette Street and Miramar Street in Downtown Cape Coral, a few minutes from Cape Coral Parkway. The location has exposure to approximately 36,000 vehicles per day. The assemblage spans multiple commercial formats, with an additional parcel that can support future development or parking.
Key Highlights
- Five‑parcel commercial portfolio
- Approximately 14,893 SF of office, retail, and flex space
- Additional approximately 3,036 SF parcel for development or parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$224,585
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,491,700
$4.5M
Cap Rate 7%
$3,208,357
$3.2M
Cap Rate 9%
$2,495,389
$2.5M
Market Conditions
NOI Build-Up for 14,893 SF
Gross rent
$327.1K $21.96/SF
− Vacancy
−$6.2K −$0.42/SF
EGI
$320.8K $21.54/SF
− OpEx
−$96.3K −$6.46/SF
NOI
$224.6K $15.08/SF
Area
Cape Coral, FL
Vacancy
1.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,491,700
Cap Rate 7%
$3,208,357
Cap Rate 9%
$2,495,389
Alternative Uses
Best Use
Retail
$3.21M
$2.81M – $3.74M
NOI $224,585 @ 7.0% cap · market cap 6.70%
Second Best
Mixed Use
$2.62M
$2.30M – $3.06M
NOI $183,742 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$3.86M
$3.38M – $4.51M
NOI $270,505 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
36,000 VPD
Traffic count
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The assemblage combines adaptable buildings with conditioned office and warehouse areas and roll-up door access.
Where is this mixed-use property located?
The property is located at 1328 Lafayette St & 1323-1325 1403 Miramar St Cape Coral, FL.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: Five‑parcel commercial portfolio; Approximately 14,893 SF of office, retail, and flex space; Additional approximately 3,036 SF parcel for development or parking
