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    Retail Space in Merchants Plaza Title is generated by Realmo AI

    159 Hancock Bridge Parkway, Cape Coral, FL 33990

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    For Lease
    $22 SF/Yr $5,866/Mo (calc)

    COMMERCIAL - Cape Coral, FL

    Type:Office
    Property size:
    3,200 SF
    Lot size:
    1.20 Acres
    Added:
    Jan 5, 2026
    Days on Market:
    129
    Last Refresh:
    May 14 at 6:06 am

    Property Features for 159 Hancock Bridge Parkway

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    13-44-23-C1-01095.0010
    Size
    3,200 SF
    Lot size
    1.20 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    CAPE CORAL UNIT 23 BLK 1095 PB 14 PG 52 LOTS 1-8 + W 32.5 FT LOT 9 + VAC DESC OR 2062/2652
    Tax Annual Amount
    34293

    Building Details

    Year built
    1997
    Floors in Building
    1

    We can help!

    Listing Contact
    Phil Deems

    Listing agent Phil Deems License #252010067

    Listing office Phil Deems Real Estate 2804 Del Prado Boulevard No. 202, Cape Coral, FL

    Listing date Jan 5, 2026

    MLS# 2026000521

    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.

    HighLights

    • High‑visibility location with glass windows from floor to ceiling fronting the Parkway.
    • Centrally located with easy access from major roads (Hancock Bridge Pkwy., Santa Barbara Blvd., and Pine Island Road) and multiple ingress/egress points.
    • Surrounded by dozens of national companies, including grocery stores, pharmacies, and auto dealerships.
    • 3,200 +/- square foot retail space with an open floor plan.
    • Building and marquee signage available.
    • Includes a private office, two restrooms, and vending space.

    Overview

    A 3,200 square foot retail space will be available in February 2026 within Merchants Plaza. The unit features an open floor plan, a private office, two restrooms, vending space, and floor-to-ceiling glass windows. It is suitable for various businesses, including a jeweler, tuxedo rental, retail store, florist, ice cream shop, or contractor showroom. The space includes glass windows facing the Parkway and two doors along the alleyway. Building and marquee signage is available. The location offers good traffic counts and easy access from Hancock Bridge Parkway, Santa Barbara Boulevard, and Pine Island Road, with multiple ingress and egress points. The property is centrally located and surrounded by numerous national companies, including major grocery stores, pharmacies, auto dealerships, convenient stores with fuel, fast food, banking, and auto repair shops. The lot size is 1.196 acres. CAM is currently $5.50 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pi Theory Pizza Restaurant Hancock Smoke shop (Bike/Boat/Book/etc) Store Bitcoin Depot - Bitcoin ... Crypto Atm LibertyX Bitcoin ATM Atm AMA Decor Furniture & Home Goods

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.97047
    Latitude
    26.652239

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    FAQs

    What type of property is this?
    Retail space - Retail space available in February 2026 in Cape Coral.
    Where is this retail space located?
    The property is located at 159 Hancock Bridge Parkway Cape Coral, FL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: High‑visibility location with **glass windows from floor to ceiling fronting the Parkway**.; Centrally located with easy access from major roads (Hancock Bridge Pkwy., Santa Barbara Blvd., and Pine Island Road) and multiple ingress/egress points.; Surrounded by dozens of national companies, including grocery stores, pharmacies, and auto dealerships.
    (239) 994-4540
    We can help!
    Listing Contact
    Phil Deems
    Real Estate License ID: 252010067
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    159 Hancock Bridge Parkway, Cape Coral, FL 33990
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