Modern Flex Warehouse
For Sale
Contact for pricing
1520/1526 SW 9th Place #203, Cape Coral, FL 33991
Newly developed commercial space combines overhead-door access with practical business, storage, and light industrial functionality.
Property Size1,470 SF
Price / SF$306.12
Days on Market159
Property Features for 1520/1526 SW 9th Place #203
General Information
Standard status
Active
Size
1,470 SF
Class
A
Property subtype
Industrial, Office, Self Storage
Zoning
Flood Zone X
Lease Type
NNN
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
17 ft
Power
125 amps
Three-Phase Power
Yes
Sprinkler System
Yes
Conditioned Warehouse
Yes
Building Details
Year Built
2026
Buildings
2
Stories
1
Units
1
Tenancy
Single
Construction
tilt-wall concrete
Listing Agency:
On The Gulf Homes
Listed By:
Jacob Stoutenburgh PA · License #BK3302143
Source:
Crexi
Added: Mar 25
Changed: Aug 30
Last Checked: Aug 30 at 3:48AM
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 On The Gulf Homes
Investment Insights
Based on property information with market context.
This flex space is part of a newly developed warehouse project in Cape Coral, with five units currently available. Each unit measures approximately 1,470 square feet in a 30-foot-wide by 49-foot-deep layout and uses tilt-wall concrete construction. Large overhead doors support loading and access for a range of business, storage, contractor, service, and showroom-style operations.
The units include an ADA-compliant bathroom, central air conditioning, an NFPA 13 fire suppression system, and 125 AMP 3-phase electrical service. Clear ceiling heights of approximately 16–17 feet provide additional vertical capacity. The property was built in 2026 and is designated Flood Zone X, with on-site circulation and access to major roadways and Cape Coral commercial corridors.
The units include an ADA-compliant bathroom, central air conditioning, an NFPA 13 fire suppression system, and 125 AMP 3-phase electrical service. Clear ceiling heights of approximately 16–17 feet provide additional vertical capacity. The property was built in 2026 and is designated Flood Zone X, with on-site circulation and access to major roadways and Cape Coral commercial corridors.
Key Highlights
- Approximately 1,470 square feet per unit with a 30‑foot‑wide by 49‑foot‑deep configuration
- Five units currently available within the flex warehouse development
- Tilt‑wall concrete construction with large overhead doors
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
$16,081
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
3.57%
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%
$321,620
$321.6K
Cap Rate 7%
$229,729
$229.7K
Cap Rate 9%
$178,678
$178.7K
Market Conditions
NOI Build-Up for 1,470 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
$26.5K $18.00/SF
− Vacancy
−$1.7K −$1.17/SF
EGI
$24.7K $16.83/SF
− OpEx
−$8.7K −$5.89/SF
NOI
$16.1K $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 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%
$321,620
Cap Rate 7%
$229,729
Cap Rate 9%
$178,678
Alternative Uses
Best Use
Flex RnD
$229.7K
$201.0K – $268.0K
NOI $16,081 @ 7.0% cap · market cap 3.57%
Second Best
Warehouse
$214.1K
$187.4K – $249.8K
NOI $14,988 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$381.4K
$333.8K – $445.0K
NOI $26,700 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
17 ft
Clear height
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33991, FL
26,381
Population
11,563
Households
2.3
Avg Household Size
45
Median Age
25%
College-Educated
94%
High-School Grad
12.8 sq mi
ZIP Area
2,061
Density / Sq Mi
$82,927
Median Household Income
$41,773
Median Earnings
$1,914
Median Rent
$351,100
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?
Flex space - Newly developed commercial space combines overhead-door access with practical business, storage, and light industrial functionality.
Where is this flex space located?
The property is located at 1520/1526 SW 9th Place #203 Cape Coral, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approximately 1,470 square feet per unit with a 30‑foot‑wide by 49‑foot‑deep configuration; Five units currently available within the flex warehouse development; Tilt‑wall concrete construction with large overhead doors
