Two-Story Mixed-Use
For Sale
$2,195,000
3724 Del Prado Blvd S, Cape Coral, FL 33904
Freestanding commercial building with an operating restaurant, three service-retail suites, separate entrances, and on-site parking.
Property Size6,062 SF
Price / SF$362.09
Days on Market46
Property Features for 3724 Del Prado Blvd S
General Information
Standard status
Active
Size
6,062 SF
Property subtype
Commercial
Occupancy
100%
Net Operating Income
$29,280
Site & Location
Frontage
200 ft
Road Access
Yes
Restaurant
Seating Capacity
200
Equipment Included
Yes
Liquor License
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$22,766
Amenities
covered second-floor walkway
Building Details
Year Built
1977
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
ERA Lahaina Realty
Listed By:
Bev Larson · License #SL0416251
(239) 281-1290
Source:
Elliman
Added: Sep 12
Changed: Oct 26
Last Checked: Oct 26 at 6:06PM
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 ERA Lahaina Realty
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Investment Insights
Based on property information with market context.
This freestanding, two-story mixed-use property contains approximately 6,062 SF of enclosed building area and approximately 6,720 gross SF, including covered exterior areas. The building includes an approximately 200-person-capacity restaurant with a full-service bar, commercial kitchen, office, storage, finished restrooms, furniture, fixtures, operating kitchen equipment, Aloha POS system, security cameras, and exterior dry storage. Three additional suites accommodate a first-floor barber shop, second-floor beauty salon, and tattoo studio, with separate suite entrances and a covered second-floor walkway. The roof was replaced in 2023.
Located at 3724 Del Prado Blvd S in Cape Coral, the property offers approximately 200 feet of frontage along Del Prado Boulevard, prominent signage, on-site parking, and a walk score of 52 and bike score of 47. The restaurant has operated at the property for approaching 10 years, while the additional leases expire in February 2027. A full liquor license is intended to convey subject to applicable transfer requirements, and the seller may lease back the restaurant for 3–5 years subject to negotiated terms.
Located at 3724 Del Prado Blvd S in Cape Coral, the property offers approximately 200 feet of frontage along Del Prado Boulevard, prominent signage, on-site parking, and a walk score of 52 and bike score of 47. The restaurant has operated at the property for approaching 10 years, while the additional leases expire in February 2027. A full liquor license is intended to convey subject to applicable transfer requirements, and the seller may lease back the restaurant for 3–5 years subject to negotiated terms.
Key Highlights
- Approximately 6,062 SF enclosed building area and approximately 6,720 gross SF
- Approximately 200 feet of Del Prado Boulevard frontage with prominent signage
- Approximately 200‑person‑capacity restaurant with bar, commercial kitchen, office, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,240
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,924,800
$1.9M
Cap Rate 7%
$1,374,857
$1.4M
Cap Rate 9%
$1,069,333
$1.1M
Market Conditions
NOI Build-Up for 6,062 SF
Gross rent
$130.9K $21.60/SF
− Vacancy
−$2.6K −$0.43/SF
EGI
$128.3K $21.17/SF
− OpEx
−$32.1K −$5.29/SF
NOI
$96.2K $15.88/SF
Area
Cape Coral, FL
Vacancy
2.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,924,800
Cap Rate 7%
$1,374,857
Cap Rate 9%
$1,069,333
Alternative Uses
Best Use
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $96,240 @ 7.0% cap · market cap 4.38%
Second Best
Retail
$1.31M
$1.14M – $1.52M
NOI $91,415 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,105 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
755
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 47%
Dollar Tree
Shops & Services
9,829 visits/mo
0.4 miles
Dunkin' Donuts
Dining
8,280 visits/mo
0.5 miles
Sal's Pizza
Dining
340 visits/mo
0.1 miles
Demographics for 33904, FL
32,029
Population
20,401
Households
1.6
Avg Household Size
56
Median Age
29%
College-Educated
95%
High-School Grad
9.7 sq mi
ZIP Area
3,302
Density / Sq Mi
$66,933
Median Household Income
$43,829
Median Earnings
$1,665
Median Rent
$347,100
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Freestanding commercial building with an operating restaurant, three service-retail suites, separate entrances, and on-site parking.
Where is this mixed-use property located?
The property is located at 3724 Del Prado Blvd S Cape Coral, FL.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Approximately 6,062 SF enclosed building area and approximately 6,720 gross SF; Approximately 200 feet of Del Prado Boulevard frontage with prominent signage; Approximately 200‑person‑capacity restaurant with bar, commercial kitchen, office, and storage
