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    Medical Office Building with Parking Title is generated by Realmo AI

    331 Cape Coral Parkway W, Cape Coral, FL 33914

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    For Sale
    $1,350,000

    SINGLE_FAMILY - Cape Coral, FL

    Type:Office
    Lot size:
    0.47 Acres
    Added:
    Jun 1, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 4 at 6:06 pm

    Property Features for 331 Cape Coral Parkway W

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    APN
    14-45-23-C2-00162.0010
    Lot size
    0.47 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    CAPE CORAL UNIT 3 BLK.162 PG 12 PG 80 LOTS 1 THRU 4 LESS ROW OR 3254 PG 2187
    Tax Annual Amount
    15800

    Building Details

    Year built
    1996
    Floors in Building
    1

    We can help!

    Listing Contact
    Phil Deems

    Listing agent Phil Deems License #252000244

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

    Listing date Jun 1, 2026

    MLS# 2026024662

    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.

    HighLights

    • Year built 1996 with original metal roof and no known issues
    • NE corner location on Pelican and Cape Coral Pkwy W with 4‑way signal light
    • Ample on‑site parking: 9 north side spots, 13 front spots, plus 2 H/C spots
    • Hurricanes had no effect on flooding; property reported as high and dry
    • Very little deferred maintenance, if any

    Overview

    This property is an office building suited to medical or office use, positioned on a corner lot. The public remarks note very little deferred maintenance, if any, and an original metal roof with no known issues. The building is described as “high and dry,” with the remarks stating hurricanes had no effect on flooding.

    The site is located at the north-side corner of Pelican and Cape Coral Parkway W, with access benefits described as a four-way signal at the intersection. Parking is described as ample, including 9 spots on the north side and 13 spots in front, plus 2 handicap-accessible spaces.

    For buyers or operators seeking an office setting with straightforward parking and a long-lived roofing system, this property’s corner placement and signal-controlled intersection may support convenient arrival and client access. The parking layout provides multiple on-site options for visitors and staff, while the overall condition is represented as maintained, with minimal deferred maintenance noted in the listing remarks. Please review due diligence for any further site and building-specific details not provided in the offering information.
    Property Profile Location Intelligence

    Current Use by Public Records

    Family & Cosmetic Dentistry Dental Office Cosmetic & Family Dentistry: ... Dental Office Tyson Eye Administration Ophthalmologist Dr. Douglas C. ... Dental Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Kindness Animal Hospital (West), A Thrive Pet Healthcare Partner — 715 Cape Coral Pkwy W, Cape Coral, FL 33914
    • South West Veterinary Care Center — 1616 Cape Coral Pkwy W Unit 113, Cape Coral, FL 33914
    • Brown Dixie DVM — 1616 Cape Coral Pkwy W # 116, Cape Coral, FL 33914
    • Pinsker Cathi DVM — 1616 Cape Coral Pkwy W # 116, Cape Coral, FL 33914, United States
    • Salcedo Arlyne DVM — 715 Cape Coral Pkwy W, Cape Coral, FL 33914

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.981964
    Latitude
    26.563102

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    FAQs

    What type of property is this?
    Medical Office Space - For sale office building with ample parking and original metal roof on a corner lot.
    Where is this medical office space located?
    The property is located at 331 Cape Coral Parkway W Cape Coral, FL.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: Year built 1996 with original metal roof and no known issues; NE corner location on Pelican and Cape Coral Pkwy W with 4‑way signal light; Ample on‑site parking: 9 north side spots, 13 front spots, plus 2 H/C spots
    (239) 822-1101
    We can help!
    Listing Contact
    Phil Deems
    Real Estate License ID: 252000244
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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