Industrial Flex Building with
For Sale
$800,000
1723 NE 10th Ter, Cape Coral, FL 33909
Industrial flex building with 375 SF of office space, 12’ clear height, and two grade-level doors on 0.28 acres.
Property Size3,120 SF
Lot Size0.28 Acres
Price / SF$256.41
Days on Market128
Property Features for 1723 NE 10th Ter
General Information
Standard status
Active
Size
3,120 SF
Total Parking Spaces
10
Lot size
0.28 Acres
Property subtype
Industrial
Zoning
CC
Warehouse & Industrial
Clear Height
12 ft
Drive-In Doors
2
Building Details
Building Size
3,120 SF
Year Built
2005
Listing Agency:
Lee & Associates | Fort Myers
Listed By:
Colton Brausen
(651) 303-7516
Source:
Lee-associates
Added: Jun 18
Changed: Oct 8
Last Checked: Oct 20 at 6:01PM
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 Lee & Associates | Fort Myers
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Investment Insights
Based on property information with market context.
This industrial flex building offers a combined warehouse and office setup, with 375 SF of office space and a 12’ clear height. The property includes two (2) grade-level doors and ten (10) parking spaces, and was built in 2005.
Located in Cape Coral just northeast of the Pine Island Rd & Del Prado Blvd intersection, the site sits on 0.28 acres. The property is zoned CC (commercial corridor).
The overall configuration supports a flexible industrial use with on-site office space and straightforward grade-level access.
Located in Cape Coral just northeast of the Pine Island Rd & Del Prado Blvd intersection, the site sits on 0.28 acres. The property is zoned CC (commercial corridor).
The overall configuration supports a flexible industrial use with on-site office space and straightforward grade-level access.
Key Highlights
- 3,120 SF industrial flex building available on 0.28 ac
- 375 SF office space inside the flex building
- 12’ clear height for industrial use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,131
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,620
$682.6K
Cap Rate 7%
$487,586
$487.6K
Cap Rate 9%
$379,233
$379.2K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$56.2K $18.00/SF
− Vacancy
−$3.7K −$1.17/SF
EGI
$52.5K $16.83/SF
− OpEx
−$18.4K −$5.89/SF
NOI
$34.1K $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 Rate 5%
$682,620
Cap Rate 7%
$487,586
Cap Rate 9%
$379,233
Alternative Uses
Best Use
Flex RnD
$487.6K
$426.6K – $568.9K
NOI $34,131 @ 7.0% cap · market cap 4.27%
Second Best
Warehouse
$454.4K
$397.6K – $530.2K
NOI $31,811 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$809.6K
$708.4K – $944.5K
NOI $56,669 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
12 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33909, FL
33,063
Population
14,051
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
37.8 sq mi
ZIP Area
875
Density / Sq Mi
$79,096
Median Household Income
$39,912
Median Earnings
$1,773
Median Rent
$292,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex building with 375 SF of office space, 12’ clear height, and two grade-level doors on 0.28 acres.
Where is this flex space located?
The property is located at 1723 NE 10th Ter Cape Coral, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 3,120 SF industrial flex building available on 0.28 ac; 375 SF office space inside the flex building; 12’ clear height for industrial use
