Industrial Flex Building with
1723 NE 10th Ter Cape Coral, FL 33909
1723 NE 10th Ter, Cape Coral, FL, 33909
$975,000
For Sale
$975,000
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$312.50
Days on Market36
Property Features for 1723 NE 10th Ter
General Information
- Standard status
- Active
- Size
- 3,120 SF
- Lot size
- 0.28 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2005
Listing agency
Lee & Associates | Fort Myers
(651) 303-7516
Listed by
Colton Brausen
(651) 303-7516
Source
Lee-associates
Added: Jun 18 Updated: Jul 22 at 10:06PM Checked: Jul 22 at 10:06PM
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
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.3k | $22.20 |
| − Vacancy | −$10.4k | −$3.33 |
| EGI | $58.9k | $18.87 |
| − OpEx | −$14.7k | −$4.72 |
| NOI | $44.2k | $14.15 |
3,120 SF · lease $22.20/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$630.8K
$552.0K – $735.9K
NOI $44,156 @ 7.0% cap · market cap 4.53%
Second Best
Flex RnD
$487.6K
$426.6K – $568.9K
NOI $34,131 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$809.6K
$708.4K – $944.5K
NOI $56,669 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
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 $975,000.
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
