Multi-Tenant Flex
New
For Sale
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4427 SE 16th Pl 2-#4, Cape Coral, FL 33904
Available suites combine office areas with air-conditioned work or warehouse space, including an overhead door in Unit 4.
Property Size5,440 SF
Price / SF$1.80
Days on Market5
Property Features for 4427 SE 16th Pl 2-#4
General Information
Standard status
Active
Size
5,440 SF
Property subtype
Commercial
Zoning
SC
Warehouse & Industrial
Clear Height
12 ft
Warehouse Space
460 SF
Conditioned Warehouse
Yes
Taxes and HOA fees
Annual Taxes
$15,566
Building Details
Building Size
5,440 SF
Year Built
1990
Stories
1
Listing Agency:
Phil Deems Real Estate
Listed By:
Phil Deems · License #252010067
(239) 994-4540
Source:
Elliman
Added: Oct 19
Last Checked: Oct 20 at 10:32PM
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 Phil Deems Real Estate
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Investment Insights
Based on property information with market context.
This multi-tenant flex property in southeast Cape Coral has two available suites with different configurations. Unit 2 includes a lobby, reception or office area, a large open workspace, a lavatory and full air conditioning. Unit 4 is 1,360 square feet and combines a lobby, three private offices, a restroom, a kitchenette and warehouse space with mini-split air conditioning. The warehouse area measures 20' x 23' and has an overhead door. Ceiling heights range from 8.5 to 12 feet.
Built in 1990, the property has a new roof, and three HVAC systems were being installed as of 2023. It is zoned SC, has a DM land-use designation and is in Flood Zone AE-7. Unit 4 is classified as mercantile by the city; retail use should be approved, while an office use may require a change of use.
Built in 1990, the property has a new roof, and three HVAC systems were being installed as of 2023. It is zoned SC, has a DM land-use designation and is in Flood Zone AE-7. Unit 4 is classified as mercantile by the city; retail use should be approved, while an office use may require a change of use.
Key Highlights
- Two available suites with office and open‑workspace configurations
- Unit 4 offers 1,360 square feet, three private offices and an overhead door
- Unit 4 warehouse area measures 20' x 23' and has mini‑split air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,415
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,300
$248.3K
Cap Rate 7%
$177,357
$177.4K
Cap Rate 9%
$137,944
$137.9K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$18.8K $13.80/SF
− Vacancy
−$1.0K −$0.76/SF
EGI
$17.7K $13.04/SF
− OpEx
−$5.3K −$3.91/SF
NOI
$12.4K $9.13/SF
Area
Cape Coral, FL
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,300
Cap Rate 7%
$177,357
Cap Rate 9%
$137,944
Alternative Uses
Best Use
Flex RnD
$212.5K
$186.0K – $248.0K
NOI $14,878 @ 7.0% cap · market cap 607.27%
Second Best
Warehouse
$198.1K
$173.3K – $231.1K
NOI $13,866 @ 7.0% cap · market cap 565.96%
Theoretical Best
Office A
$352.9K
$308.8K – $411.7K
NOI $24,702 @ 7.0% cap · market cap 1,008.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
12 ft
Clear height
Location Intelligence
Trade Area within ½ mile
2,245
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Catering By Jack & Michael — 4708 SE 8th Ct, Cape Coral, FL 33904
- Taco Works — 1017B Cape Coral Pkwy E, Cape Coral, FL 33904
- Red Roc Cravings — 1413 Cape Coral Pkwy E, Cape Coral, FL 33904
Frequently Asked Questions
What type of property is this?
Flex space - Available suites combine office areas with air-conditioned work or warehouse space, including an overhead door in Unit 4.
Where is this flex space located?
The property is located at 4427 SE 16th Pl 2-#4 Cape Coral, FL.
What are key features of this property?
This property features: Two available suites with office and open‑workspace configurations; Unit 4 offers 1,360 square feet, three private offices and an overhead door; Unit 4 warehouse area measures 20' x 23' and has mini‑split air conditioning
