Fully Leased Medical Office
New
For Sale
$3,000,000
1435 SE 8th Terrace, Cape Coral, FL 33990
The medical office property is fully leased and has undergone recent capital improvements.
Property Size10,255 SF
Price / SF$292.54
Days on Market2
Property Features for 1435 SE 8th Terrace
General Information
Standard status
Active
Size
10,255 SF
Property subtype
Healthcare
Occupancy
100%
Listed By:
Adam Palmer, CCIM, SIOR
(239) 898-8686
Source:
Cbre
Added: Oct 16
Last Checked: Oct 16 at 2:00PM
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 Adam Palmer, CCIM, SIOR
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Investment Insights
Based on property information with market context.
This medical office building contains 10,255 square feet and is fully leased. Recent capital improvements have been completed at the property.
The building is adjacent to Cape Coral Hospital at 1435 SE 8th Terrace in Cape Coral, Florida.
The building is adjacent to Cape Coral Hospital at 1435 SE 8th Terrace in Cape Coral, Florida.
Key Highlights
- 10,255‑square‑foot medical office building
- Fully leased
- Recent capital improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,134
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,902,680
$2.9M
Cap Rate 7%
$2,073,343
$2.1M
Cap Rate 9%
$1,612,600
$1.6M
Market Conditions
NOI Build-Up for 10,255 SF
Gross rent
$227.7K $22.20/SF
− Vacancy
−$34.1K −$3.33/SF
EGI
$193.5K $18.87/SF
− OpEx
−$48.4K −$4.72/SF
NOI
$145.1K $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%
$2,902,680
Cap Rate 7%
$2,073,343
Cap Rate 9%
$1,612,600
Alternative Uses
Best Use
Office B
$2.07M
$1.81M – $2.42M
NOI $145,134 @ 7.0% cap · market cap 4.84%
Second Best
Healthcare Medical
$1.83M
$1.60M – $2.14M
NOI $128,364 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$2.66M
$2.33M – $3.10M
NOI $186,264 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,617
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Viscaya Prado Veterinary Hospital — 1141 Country Club Blvd, Cape Coral, FL 33990
- Dr. Christopher Melloh, DVM — 920 Country Club Blvd, Cape Coral, FL 33990
- Dr. Gary Nelson — 920 Country Club Blvd, Cape Coral, FL 33990
- Dr. Lisa Monte — 920 Country Club Blvd, Cape Coral, FL 33990
- Viscaya Prado Veterinary Hospital — 920 Country Club Blvd, Cape Coral, FL 33990
Frequently Asked Questions
What type of property is this?
Medical Office Space - The medical office property is fully leased and has undergone recent capital improvements.
Where is this medical office space located?
The property is located at 1435 SE 8th Terrace Cape Coral, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 10,255‑square‑foot medical office building; Fully leased; Recent capital improvements
