Entitled Land Mixed-Use
3731 SE 15th Place, Cape Coral, FL 33990
Approved mixed-use development land with workforce housing and commercial space.
Type:Commercial/Industrial
Property size:
8,300 SFLot size:
1.03 AcresPrice / SF:
$228/SF- Added:
- Mar 12, 2026
- Days on Market:
- 81
- Last Refresh:
- Apr 6 at 12:54 am
Property Features for 3731 SE 15th Place
General Information
- Standard status
- Active
- Size
- 8,300 SF
- Lot size
- 1.03 Acres
- Property subtype
- Commercial/Industrial
Listing agent Kyle Doyon License #6504415002
Listing office Doyon Properties LLC (616) 844-1485
Listing date Mar 12, 2026
Source Exitrealty
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 Doyon Properties LLC
HighLights
- Entitled land with approved building and MEP plans, reducing pre‑construction timelines.
- Includes 70 workforce housing units to ensure stable rental income.
- Features 8,300 sq ft of versatile commercial space suitable for various tenants.
- Located in thriving South Cape Coral with excellent access to transportation and amenities.
- Seller financing is available, providing flexible acquisition options.
- Option to partner with Coast Life Developers through a build‑for‑buyer agreement.
Overview
This entitled land features approved building and MEP plans for a mixed-use development, including workforce housing and commercial space. Zoned C1 (confirm zoning for uses), the property is suitable for developers and investors. The project incorporates 70 workforce housing units, designed to meet the demand for affordable housing with well-planned living spaces. Additionally, there are 8,300 square feet of versatile commercial space suitable for retail, office, or mixed-use purposes. Located in the South Cape Coral area, the property provides access to public transportation, major highways, and local amenities. Nearby schools, parks, restaurants, and healthcare facilities enhance the location's appeal. The development offers a stable rental market due to the demand for workforce housing, along with the potential for long-term commercial leases. The property's design aims to support community impact, fostering a vibrant environment. The property is deed-restricted under the Live Local Bill, requiring 40% of units to be rented to tenants earning less than 120% of the area median income (AMI). As of April 2024, Cape Coral's AMI is $88,800. Seller financing is available. Buyers may select either of two paths: Acquire the lot an build under their own contractor and financing or partner with Coast Life Developers through a build-for-buyer agreement, with the option for long-term property management. Long-term property management is available upon delivery.
Local Financial Insights For Retail
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 | $182.3k | $21.96 |
| − Vacancy | −$3.5k | −$0.42 |
| EGI | $178.8k | $21.54 |
| − OpEx | −$53.6k | −$6.46 |
| NOI | $125.2k | $15.08 |
8,300 SF · lease $21.96/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.79M
$1.56M – $2.09M
NOI $125,163 @ 7.0% cap · market cap 6.59%
Second Best
Mixed Use
$1.46M
$1.28M – $1.71M
NOI $102,401 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,755 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Cape Coral
- County
- Lee
- State
- Florida
- Longitude
- -82.0056
- Latitude
- 26.582
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Approved mixed-use development land with workforce housing and commercial space.
Where is this commercial land located?
The property is located at 3731 SE 15th Place Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Entitled land with approved building and MEP plans, reducing pre‑construction timelines.; Includes 70 workforce housing units to ensure stable rental income.; Features **8,300 sq ft of versatile commercial space** suitable for various tenants.
