Cape Coral Office/Retail
For Sale
Contact for pricing
Pending
19 Del Prado Blvd N, Cape Coral, FL 33909
Two-story building on a primary commercial corridor.
Property Size7,500 SF
Days on Market179
Property Features for 19 Del Prado Blvd N
General Information
Standard status
Pending
Size
7,500 SF
Total Parking Spaces
24
Property subtype
Retail, Office
Zoning
Commercial
Occupancy
86%
Lease Type
Gross
Investment Type
Value Add
Building Details
Year Built
1986
Buildings
1
Stories
2
Units
27
Tenancy
Multi
Listing Agency:
Matthews
(813) 488-0853
Listed By:
Aiden Hawkins · License #SL3577905
Source:
Crexi
Added: Feb 25
Changed: Aug 15
Last Checked: Aug 22 at 9:12AM
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 Matthews
Investment Insights
Based on property information with market context.
Located on Del Prado Boulevard North, a primary commercial corridor in Cape Coral, this two-story building offers visibility, access, and flexibility. The property, totaling approximately 7,500 square feet, is suitable for office or retail use, accommodating a range of owner-users and investors. The property's short-term and month-to-month leases present an opportunity for a buyer to occupy a portion or the entirety of the building while maintaining rental income. This property offers the ability to occupy, reposition, or enhance income immediately. The asset is suited for an owner-user seeking visibility and control, or an investor looking to capitalize on lease rollover, re-tenanting upside, and long-term growth along Del Prado Boulevard.
Key Highlights
- Highly visible location on Del Prado Boulevard North.
- Flexible opportunity to occupy, reposition, or enhance income immediately.
- Short‑term leases provide immediate occupancy potential and lease rollover upside.
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
$106,144
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
5.05%
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%
$2,122,880
$2.1M
Cap Rate 7%
$1,516,343
$1.5M
Cap Rate 9%
$1,179,378
$1.2M
Market Conditions
NOI Build-Up for 7,500 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
$166.5K $22.20/SF
− Vacancy
−$25.0K −$3.33/SF
EGI
$141.5K $18.87/SF
− OpEx
−$35.4K −$4.72/SF
NOI
$106.1K $14.15/SF
Area
Cape Coral, FL
Vacancy
15.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
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%
$2,122,880
Cap Rate 7%
$1,516,343
Cap Rate 9%
$1,179,378
Alternative Uses
Best Use
Office B
$1.52M
$1.33M – $1.77M
NOI $106,144 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,224 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
695
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Two-story building on a primary commercial corridor.
Where is this office building located?
The property is located at 19 Del Prado Blvd N Cape Coral, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Highly visible location on Del Prado Boulevard North.; Flexible opportunity to occupy, reposition, or enhance income immediately.; Short‑term leases provide immediate occupancy potential and lease rollover upside.
