Office Units with Warehouse
4427 SE 16th Pl #2-#4, Cape Coral, FL 33904
For Sale
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A multi-tenant office property includes a combination of reception, private office, workspace, and warehouse areas.
Property Size5,440 SF
Price / SF$0.45
Days on Market28
Property Features for 4427 SE 16th Pl #2-#4
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Clear Height
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
Phil Deems Real Estate
(239) 945-4545
Listed By:
Phil Deems · License FL #252010067
(239) 994-4540
Source:
Jvegarealty
Added: Oct 16
Changed: Nov 12
Last Checked: Nov 12 at 1:42AM
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 5,440-square-foot office property contains multiple tenant units. Unit 2 offers a lobby, reception and office area, a larger open workspace, and a lavatory. Unit 4 spans 1,360 square feet and combines a lobby, three private offices, a restroom, a kitchenette, and warehouse space with a 20-by-23-foot footprint. An overhead door serves the warehouse area, which has mini-split air conditioning. Interior ceiling heights range from 8.5 to 12 feet, and the building dates to 1990.
The property is in southeast Cape Coral, with access to employees and customers from southeast and southwest Cape Coral and Fort Myers. Zoning is SC, with a DM land use designation. Unit 4 is classified as mercantile; retail use is identified as an approved option, while office use may require a city change of use.
The property is in southeast Cape Coral, with access to employees and customers from southeast and southwest Cape Coral and Fort Myers. Zoning is SC, with a DM land use designation. Unit 4 is classified as mercantile; retail use is identified as an approved option, while office use may require a city change of use.
Key Highlights
- 5,440 SF multi‑tenant office property
- Unit 4 measures 1,360 SF and includes three private offices and a warehouse
- Unit 4 warehouse has an overhead door and mini‑split air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,660
Suggested Prices Based on Cap Rates
Cap Rate 5%
$993,200
$993.2K
Cap Rate 7%
$709,429
$709.4K
Cap Rate 9%
$551,778
$551.8K
Market Conditions
NOI Build-Up for 5,440 SF
Gross rent
$75.1K $13.80/SF
− Vacancy
−$4.1K −$0.76/SF
EGI
$70.9K $13.04/SF
− OpEx
−$21.3K −$3.91/SF
NOI
$49.7K $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%
$993,200
Cap Rate 7%
$709,429
Cap Rate 9%
$551,778
Alternative Uses
Best Use
Office B
$1.10M
$962.4K – $1.28M
NOI $76,990 @ 7.0% cap
Second Best
Flex RnD
$850.2K
$743.9K – $991.9K
NOI $59,511 @ 7.0% cap
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,808 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
12 ft
Clear height
Location Intelligence
Trade Area within ½ mile
2,245
Businesses Nearby
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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
$347,100
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Cape Coral, FL
Properties on Market for Office Units in Cape Coral
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A multi-tenant office property includes a combination of reception, private office, workspace, and warehouse areas.
Where is this office unit 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: 5,440 SF multi‑tenant office property; Unit 4 measures 1,360 SF and includes three private offices and a warehouse; Unit 4 warehouse has an overhead door and mini‑split air conditioning
