Cape Coral Flex Building
For Sale
Contact for pricing
227 SW 3rd Ave, Cape Coral, FL 33991
Flex building with storage and vacant land parcels available.
Property Size5,587 SF
Lot Size1.07 Acres
Price / SF$281.90
Days on Market186
Property Features for 227 SW 3rd Ave
General Information
Standard status
Active
Size
5,587 SF
Class
A
Lot size
1.07 Acres
Property subtype
Industrial
Zoning
CC
Occupancy
50%
Lease Type
Net
Building Details
Buildings
1
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
ACRE Expert LLC
Listed By:
Drew Attias · License #Florida
Source:
Crexi
Added: Feb 4
Changed: Aug 8
Last Checked: Aug 8 at 2:54PM
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 ACRE Expert LLC
Investment Insights
Based on property information with market context.
Located at 227 SW 3rd Ave in Cape Coral, Lee County, Florida, this property comprises a total building size of 5,587 square feet situated on 1.07 acres of land. The property features a flex building containing four units, a fenced storage area, and two vacant land parcels. The zoning is CC. The parcel IDs are 14-44-23-C3-01952.0010, 14-44-23-C2-01952.0250 and 14-44-23-C2-01952.0270. The property is connected to city water and sewer, with separate meters for water and electric. Road access is available. The property is not located in a flood zone or wetlands area and is not in an opportunity zone.
Key Highlights
- 1.07 acres total land size with 1 flex building, fenced storage, and 2 vacant land parcels.
- Flex building with 4 units provides income potential or flexible usage.
- Located in Cape Coral, FL with road access.
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
$61,119
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
3.88%
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%
$1,222,380
$1.2M
Cap Rate 7%
$873,129
$873.1K
Cap Rate 9%
$679,100
$679.1K
Market Conditions
NOI Build-Up for 5,587 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
$100.6K $18.00/SF
− Vacancy
−$6.5K −$1.17/SF
EGI
$94.0K $16.83/SF
− OpEx
−$32.9K −$5.89/SF
NOI
$61.1K $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 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%
$1,222,380
Cap Rate 7%
$873,129
Cap Rate 9%
$679,100
Alternative Uses
Best Use
Flex RnD
$873.1K
$764.0K – $1.02M
NOI $61,119 @ 7.0% cap · market cap 3.88%
Second Best
Industrial
$728.6K
$637.5K – $850.0K
NOI $51,002 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,478 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33991, FL
26,381
Population
11,563
Households
2.3
Avg Household Size
45
Median Age
25%
College-Educated
94%
High-School Grad
12.8 sq mi
ZIP Area
2,061
Density / Sq Mi
$82,927
Median Household Income
$41,773
Median Earnings
$1,914
Median Rent
$351,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Publix Catering at Santa Barbara Centre — 100 Hancock Bridge Pkwy, Cape Coral, FL 33991
Frequently Asked Questions
What type of property is this?
Flex space - Flex building with storage and vacant land parcels available.
Where is this flex space located?
The property is located at 227 SW 3rd Ave Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: 1.07 acres total land size with 1 flex building, fenced storage, and 2 vacant land parcels.; Flex building with 4 units provides income potential or flexible usage.; Located in Cape Coral, FL with road access.
