Office Building with Mezzanine
1516 SE 46th Lane, Cape Coral, FL 33904
For Sale
New
$949,000
CommercialSale, Cape Coral, FL
Property Size3,750 SF
Lot Size0.22 Acres
Price / SF$253.07
Days on Market1
Property Features for 1516 SE 46th Lane
General Information
Property type
Property subtype
Zoning description
Fencing
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Amenities
fenced area
storage
mezzanine storage
Building Details
Year built
Floors in Building
Buildings
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Jason Alsup · License FL #396523654
(888) 611-3912
Added: Nov 10
Last Checked: Nov 10 at 1:06PM
MLS# 2026047355
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,750-square-foot office property contains two separate suites, allowing the space to be occupied together or separately. Storage is available throughout the building, including on a second-level mezzanine. The property also has parking and a fenced area, and was built in 1966.
Located on SE 46th Lane in Cape Coral, the building has road frontage and direct access from the street. The 0.215-acre parcel is in Lee County.
Located on SE 46th Lane in Cape Coral, the building has road frontage and direct access from the street. The 0.215-acre parcel is in Lee County.
Key Highlights
- 3,750 square feet divided into two office suites
- Second‑level mezzanine storage, with additional storage throughout
- 0.215‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,072
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,061,440
$1.1M
Cap Rate 7%
$758,171
$758.2K
Cap Rate 9%
$589,689
$589.7K
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$83.3K $22.20/SF
− Vacancy
−$12.5K −$3.33/SF
EGI
$70.8K $18.87/SF
− OpEx
−$17.7K −$4.72/SF
NOI
$53.1K $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%
$1,061,440
Cap Rate 7%
$758,171
Cap Rate 9%
$589,689
Alternative Uses
Best Use
Office B
$758.2K
$663.4K – $884.5K
NOI $53,072 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$973.0K
$851.4K – $1.14M
NOI $68,112 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,377
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Office buildings in Cape Coral
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two distinct office suites, fenced grounds, and storage areas support a mix of office and storage needs.
Where is this office building located?
The property is located at 1516 SE 46th Lane Cape Coral, FL.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 3,750 square feet divided into two office suites; Second‑level mezzanine storage, with additional storage throughout; 0.215‑acre parcel
