Two-Unit Retail
New
For Sale
$1,050,000
1336 Cape Coral Pkwy E, Cape Coral, FL 33904
Income-producing storefront with two leased commercial units and recently replaced major building systems.
Property Size2,250 SF
Price / SF$466.67
Days on Market7
Property Features for 1336 Cape Coral Pkwy E
General Information
Standard status
Active
Size
2,250 SF
Total Parking Spaces
13
Property subtype
Commercial
Occupancy
100%
Additional Details
Cap Rate
7.5%
Building Details
Year Built
1990
Year Renovated
2024
Tenancy
Multi
Listing Agency:
Krise Commercial Group, LLC
(239) 285-8922
Listed By:
Marjan Rumija · License #258025749
Source:
Naplespropertyguide
Added: Aug 23
Changed: Aug 28
Last Checked: Aug 28 at 3:41PM
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 Krise Commercial Group, LLC
Investment Insights
Based on property information with market context.
This 2,250-square-foot retail property contains two separate units, with one occupied by a coffee shop and the other by a smoke shop. The building dates to 1990 and received a new roof and new HVAC in 2024. Parking is provided on both sides of the property, with seven spaces at the front and six at the rear.
Located at 1336 Cape Coral Pkwy E in Cape Coral, the property is positioned in the downtown area identified in the listing information. Both units are leased, and the property is reported at an approximate 7.5% cap rate.
Located at 1336 Cape Coral Pkwy E in Cape Coral, the property is positioned in the downtown area identified in the listing information. Both units are leased, and the property is reported at an approximate 7.5% cap rate.
Key Highlights
- 2,250‑square‑foot retail property with two separate units
- One unit leased to a coffee shop; the second leased to a smoke shop
- New roof and new HVAC installed in 2024
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
$35,721
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
3.40%
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%
$714,420
$714.4K
Cap Rate 7%
$510,300
$510.3K
Cap Rate 9%
$396,900
$396.9K
Market Conditions
NOI Build-Up for 2,250 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
$48.6K $21.60/SF
− Vacancy
−$972 −$0.43/SF
EGI
$47.6K $21.17/SF
− OpEx
−$11.9K −$5.29/SF
NOI
$35.7K $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%
$714,420
Cap Rate 7%
$510,300
Cap Rate 9%
$396,900
Alternative Uses
Best Use
Specialty Retail
$510.3K
$446.5K – $595.4K
NOI $35,721 @ 7.0% cap · market cap 3.40%
Second Best
Retail
$484.7K
$424.1K – $565.5K
NOI $33,930 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$583.8K
$510.8K – $681.1K
NOI $40,867 @ 7.0% cap · market cap 3.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Income-producing storefront with two leased commercial units and recently replaced major building systems.
Where is this retail space located?
The property is located at 1336 Cape Coral Pkwy E Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 2,250‑square‑foot retail property with two separate units; One unit leased to a coffee shop; the second leased to a smoke shop; New roof and new HVAC installed in 2024
