Two-Unit Office
For Sale
$1,072,000
1615 SE 47th Terrace, Cape Coral, FL 33904
CommercialSale, Cape Coral, FL
Property Size3,634 SF
Lot Size0.22 Acres
Price / SF$294.99
Days on Market102
Property Features for 1615 SE 47th Terrace
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
SC
Directions
SE 47TH Terrace east of Del Prado Blvd.
Subdivision
CC12 - Cape Coral Unit 7-15
Standard status
Active
APN
07-45-24-C3-00361.A110
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
CAPE CORAL UNIT 7 BLK 361A PB 12 PG 113 LOTS 11 THRU 13
Tax Annual Amount
10679
Legal Description
CAPE CORAL UNIT 7 BLK 361A PB 12 PG 113 LOTS 11 THRU 13
Building Details
Year built
1978
Floors in Building
1
Listing Agency:
Professional Realty
(239) 772-1010
Listed By:
Jack Britton · License #252000141
(239) 851-2090
Added: Jul 10
Changed: Oct 10
Last Checked: Oct 19 at 11:06PM
MLS# 2026029707
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.
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Investment Insights
Based on property information with market context.
This 3,634-square-foot commercial building contains two units and is in good condition. The layout can accommodate three units. One unit is currently occupied by a bakery, while the property has also housed insurance and real estate offices and a deli. The existing bakery lease runs through the end of August 2026, and the tenant has expressed interest in remaining.
The property is located in Cape Coral’s CRA district and carries SC zoning, described as flexible in the source information. Built in 1978, the building sits on a 0.215-acre parcel at 1615 SE 47th Terrace. The sale is offered AS IS.
The property is located in Cape Coral’s CRA district and carries SC zoning, described as flexible in the source information. Built in 1978, the building sits on a 0.215-acre parcel at 1615 SE 47th Terrace. The sale is offered AS IS.
Key Highlights
- 3,634‑square‑foot building with two existing units
- Configuration can accommodate three units
- SC zoning in Cape Coral’s CRA district
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,800
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
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
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 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
Office B
$734.7K
$642.9K – $857.2K
NOI $51,430 @ 7.0% cap · market cap 4.80%
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.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,080
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - SC-zoned commercial property with one unit currently occupied by a bakery tenant.
Where is this office unit located?
The property is located at 1615 SE 47th Terrace 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 building with two existing units; Configuration can accommodate three units; SC zoning in Cape Coral’s CRA district
