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    2019 Concrete Block Fitness Facility

    326 SW 2nd Terrace Cape Coral, FL 33991

    326 SW 2nd Terrace, Cape Coral, FL, 33991
    $2,950,000
    For Sale
    Claim this Listing
    $2,950,000

    COMMERCIAL - Cape Coral, FL

    Property Size8,550 SF
    Lot Size2.30 Acres
    Price / SF$345.03
    AddedApr 27, 2025
    Days on Market445
    Last RefreshJul 15 at 7:06 pm

    Property Features for 326 SW 2nd Terrace

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Fencing
    Fenced
    Standard status
    Active
    APN
    14-44-23-C4-01948.0210
    Lot size
    2.30 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    CAPE CORAL UNIT 29 BLK 1948 PB 16 PG 23 LOTS 15 THRU 23 + LOTS 44 THRU 48
    Tax Annual Amount
    27989

    Building Details

    Year built
    2019
    Floors in Building
    1

    Listing agent Phil Deems License #252010067

    Listing office Phil Deems Real Estate 2804 Del Prado Boulevard No. 202, Cape Coral, FL

    Listing date Apr 27, 2025

    MLS# 225041591

    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.

    Investment Insights

    Based on property information with market context.

    Built in 2019, this 8,550+/- sf concrete block commercial building sits on 2.3 acres in Cape Coral. The southern portion is currently occupied by a fitness training facility and totals 7,350+/- sf, with outside volleyball courts and outdoor fitness equipment. The northern side includes a private office of 1,200+/- sf that fronts SW 2nd Terrace.

    The property features 60 rooftop solar panels. According to the remarks provided, the electricity invoice is typically $0.00 per month. The building is described as being in excellent condition, and the Pine Island Road corridor is noted as offering many commercial uses.

    With a split configuration between the fitness training space and the fronting private office, the site supports established operations while maintaining additional space for future growth.

    Key Highlights

    • Virtually zero monthly electricity costs thanks to 60 rooftop solar panels.
    • Large 8,550 sq ft building on 2.3 acres with room for expansion.
    • Built in 2019 and in excellent condition.

    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 $189.8k $22.20
    − Vacancy −$28.5k −$3.33
    EGI $161.3k $18.87
    − OpEx −$40.3k −$4.72
    NOI $121.0k $14.15
    8,550 SF · lease $22.20/SF/yr · vacancy 15.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.73M
    $1.51M – $2.02M (±1% cap)
    NOI $121,004 @ 7.0% cap · market cap 4.10%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.22M
    $1.94M – $2.59M (±1% cap)
    NOI $155,295 @ 7.0% cap · market cap 5.26%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    CrossFit ENG Gym & Fitness Center

    Suggested Use

    Law Firm Daycare Center (Bike/Boat/Book/etc) Store Grocery & Convenience Store Storage Facility Big Box & Wholesale Store Electrical Service Auto Parts Store Catering Service (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

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    Similar Off Market Nearby

    • Mid Cape Fitness — 1242 SW Pine Island Rd, Cape Coral, FL 33991
    • Gene Conklin Fitness — 1242 sw pine island rd, cape coral, fl 33991

    FAQs

    What type of property is this?
    Fitness center & gym - Concrete block building with rooftop solar and outdoor fitness amenities, plus a separate private office on the north side.
    Where is this fitness center & gym located?
    The property is located at 326 SW 2nd Terrace Cape Coral, FL.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: Virtually zero monthly electricity costs thanks to 60 rooftop solar panels.; Large 8,550 sq ft building on 2.3 acres with room for expansion.; Built in 2019 and in excellent condition.
    Contact an agent
    (239) 945-4540
    We can help!
    Contact an agent
    Phil Deems
    Real Estate License ID: 252010067
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