Storefront Building with
For Sale
$1,072,000
1615 Se 47th Ter, Cape Coral, FL 33904
Flexible SC-zoned commercial building with an existing bakery occupant and adaptable space for multiple business configurations.
Property Size3,634 SF
Price / SF$294.99
Days on Market127
Property Features for 1615 Se 47th Ter
General Information
Standard status
Active
Size
3,634 SF
Property subtype
Commercial
Zoning
SC
Building Details
Year Built
1978
Buildings
1
Tenancy
Multi
Listing Agency:
Professional Realty
Listed By:
Jack Britton · License #252000141
(239) 851-2090
Source:
Naplespropertyguide
Added: May 9
Changed: Sep 11
Last Checked: Sep 11 at 3:07PM
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 Professional Realty
Investment Insights
Based on property information with market context.
This 3,634-square-foot storefront property was built in 1978 and is currently in good condition. The building includes space that is being used by a bakery, while its prior commercial uses have included insurance, real estate, and deli operations. The layout can support three units, providing flexibility for an owner-user or an investor.
The property is located in a CRA district and carries SC zoning, described as flexible in the property information. The bakery lease runs through the end of August 2026, and the tenant has expressed interest in remaining. The sale is offered in as-is condition.
The property is located in a CRA district and carries SC zoning, described as flexible in the property information. The bakery lease runs through the end of August 2026, and the tenant has expressed interest in remaining. The sale is offered in as-is condition.
Key Highlights
- 3,634‑square‑foot storefront building constructed in 1978
- SC zoning in a CRA district
- Current bakery use with lease ending August 2026
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
$54,800
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
5.11%
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%
$1,096,000
$1.1M
Cap Rate 7%
$782,857
$782.9K
Cap Rate 9%
$608,889
$608.9K
Market Conditions
NOI Build-Up for 3,634 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
$79.8K $21.96/SF
− Vacancy
−$1.5K −$0.42/SF
EGI
$78.3K $21.54/SF
− OpEx
−$23.5K −$6.46/SF
NOI
$54.8K $15.08/SF
Area
Cape Coral, FL
Vacancy
1.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,096,000
Cap Rate 7%
$782,857
Cap Rate 9%
$608,889
Alternative Uses
Best Use
Retail
$782.9K
$685.0K – $913.3K
NOI $54,800 @ 7.0% cap · market cap 5.11%
Second Best
Mixed Use
$640.5K
$560.4K – $747.2K
NOI $44,834 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$942.9K
$825.1K – $1.10M
NOI $66,005 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,080
Businesses Nearby
145k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 43%
Hotels & Casinos 2%
Home Improvements & Furnishings 1%
McDonald's
Dining
18,781 visits/mo
0.4 miles
7-Eleven
Shops & Services
18,620 visits/mo
0.5 miles
Ford's Garage
Dining
17,763 visits/mo
0.1 miles
Culver's
Dining
17,470 visits/mo
0.0 miles
Mister Car Wash
Shops & Services
12,153 visits/mo
0.1 miles
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
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible SC-zoned commercial building with an existing bakery occupant and adaptable space for multiple business configurations.
Where is this storefront property located?
The property is located at 1615 Se 47th Ter Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,072,000.
What are key features of this property?
This property features: 3,634‑square‑foot storefront building constructed in 1978; SC zoning in a CRA district; Current bakery use with lease ending August 2026
