Three-Unit Flex
1515 SE 47th St, Cape Coral, FL 33904
For Sale
New
$1,500,000
Separate units and a grade-level door support varied occupancy within the commercial-zoned property.
Property Size4,000 SF
Lot Size0.29 Acres
Price / SF$375
Days on Market2
Property Features for 1515 SE 47th St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Additional Details
Drive-In Doors
Property Use
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Lee & Associates | Fort Myers
Listed By:
Colton Brausen · License #SL3585254
(651) 303-7516
Source:
Lee-associates
Added: Nov 8
Last Checked: Nov 8 at 2:58PM
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 Lee & Associates | Fort Myers
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Investment Insights
Based on property information with market context.
This flex property contains three units across 4,000 square feet, with one grade-level door and seven parking spaces. Built in 1975, the building is situated on a 0.29-acre parcel and carries commercial zoning.
The multi-unit configuration allows space to be occupied in separate areas. Its physical layout includes a grade-level door and on-site parking.
The multi-unit configuration allows space to be occupied in separate areas. Its physical layout includes a grade-level door and on-site parking.
Key Highlights
- 4,000 SF building on 0.29 acres
- Three units in a multi‑tenant configuration
- One grade‑level door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,758
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$875,160
$875.2K
Cap Rate 7%
$625,114
$625.1K
Cap Rate 9%
$486,200
$486.2K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$72.0K $18.00/SF
− Vacancy
−$4.7K −$1.17/SF
EGI
$67.3K $16.83/SF
− OpEx
−$23.6K −$5.89/SF
NOI
$43.8K $10.94/SF
Area
Cape Coral, FL
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$875,160
Cap Rate 7%
$625,114
Cap Rate 9%
$486,200
Alternative Uses
Best Use
Flex RnD
$625.1K
$547.0K – $729.3K
NOI $43,758 @ 7.0% cap · market cap 2.92%
Second Best
Industrial
$521.6K
$456.4K – $608.6K
NOI $36,515 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$1.04M
$908.2K – $1.21M
NOI $72,653 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Drive-in doors
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,377
Businesses Nearby
Under-served
Demand for This Use
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
$347,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Cape Coral, FL
Properties on Market for Flex space in Cape Coral
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Catering By Jack & Michael — 4708 SE 8th Ct, Cape Coral, FL 33904
- Taco Works — 1017B Cape Coral Pkwy E, Cape Coral, FL 33904
- Red Roc Cravings — 1413 Cape Coral Pkwy E, Cape Coral, FL 33904
Frequently Asked Questions
What type of property is this?
Flex space - Separate units and a grade-level door support varied occupancy within the commercial-zoned property.
Where is this flex space located?
The property is located at 1515 SE 47th St Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 4,000 SF building on 0.29 acres; Three units in a multi‑tenant configuration; One grade‑level door
