Flex Space with
For Sale
$1,150,000
4529 Del Prado Boulevard S, Cape Coral, FL 33904
SC zoning and a two-unit layout support flexible occupancy and permitted commercial uses.
Property Size3,840 SF
Lot Size0.15 Acres
Price / SF$299.48
Days on Market200
Property Features for 4529 Del Prado Boulevard S
General Information
Standard status
Active
Size
3,840 SF
Total Parking Spaces
4
Lot size
0.15 Acres
Property subtype
Commercial
Zoning
SC
Additional Details
Road Access
Yes
Office Units
1
Amenities
pylon signage
overhead doors
Building Details
Year Built
1973
Buildings
1
Building Size
3,840 SF
Tenancy
Single
Listing Agency:
Professional Realty
Listed By:
Jack Britton
(239) 984-8177
Source:
Johnrwood
Added: Jan 26
Changed: Aug 13
Last Checked: Aug 13 at 2:06PM
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 Professional Realty
Investment Insights
Based on property information with market context.
This 3,840 SF flex property at 4529 Del Prado Boulevard S combines front showroom space with offices and warehouse areas toward the rear. The building is currently configured as one unit, with a layout that can accommodate two units. Two warehouse areas include overhead doors with alley access. Improvements include a newer TPO roof and one newer AC unit, while pylon signage serves the Del Prado Boulevard South frontage.
The 6,600 SF site adjoins a neighboring strip center and provides 4 parking spaces at the front, along with access to common-area parking. The property is currently occupied by a flooring company on a month-to-month tenancy, and the tenant would like to remain. SC (South Cape) zoning is described as allowing many permitted uses. Built in 1973, the property offers a combination of showroom, office, and warehouse functionality in a single commercial building.
The 6,600 SF site adjoins a neighboring strip center and provides 4 parking spaces at the front, along with access to common-area parking. The property is currently occupied by a flooring company on a month-to-month tenancy, and the tenant would like to remain. SC (South Cape) zoning is described as allowing many permitted uses. Built in 1973, the property offers a combination of showroom, office, and warehouse functionality in a single commercial building.
Key Highlights
- 3,840 SF flex, showroom, office, and warehouse building
- Layout can be divided into two units; currently configured as one
- Two warehouse areas with overhead doors and alley access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,907
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,158,140
$1.2M
Cap Rate 7%
$827,243
$827.2K
Cap Rate 9%
$643,411
$643.4K
Market Conditions
NOI Build-Up for 3,840 SF
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.
Gross rent
$84.3K $21.96/SF
− Vacancy
−$1.6K −$0.42/SF
EGI
$82.7K $21.54/SF
− OpEx
−$24.8K −$6.46/SF
NOI
$57.9K $15.08/SF
Area
Cape Coral, FL
Vacancy
1.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,158,140
Cap Rate 7%
$827,243
Cap Rate 9%
$643,411
Alternative Uses
Best Use
Retail
$827.2K
$723.8K – $965.1K
NOI $57,907 @ 7.0% cap · market cap 5.04%
Second Best
Office B
$776.4K
$679.3K – $905.8K
NOI $54,346 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$996.4K
$871.8K – $1.16M
NOI $69,747 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
755
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Catering By Jack & Michael — 4708 SE 8th Ct, Cape Coral, FL 33904
- Red Roc Cravings — 1413 Cape Coral Pkwy E, Cape Coral, FL 33904
- Taco Works — 1017B Cape Coral Pkwy E, Cape Coral, FL 33904
Frequently Asked Questions
What type of property is this?
Flex space - SC zoning and a two-unit layout support flexible occupancy and permitted commercial uses.
Where is this flex space located?
The property is located at 4529 Del Prado Boulevard S Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 3,840 SF flex, showroom, office, and warehouse building; Layout can be divided into two units; currently configured as one; Two warehouse areas with overhead doors and alley access
