Cape Coral Medical Office
For Sale
Contact for pricing
455 Del Prado Blvd SE, Cape Coral, FL 33990
3,150 sqft medical office building in Cape Coral, Florida.
Property Size3,150 SF
Price / SF$452.38
Days on Market143
Property Features for 455 Del Prado Blvd SE
General Information
Standard status
Active
Size
3,150 SF
Class
A
Property subtype
Office
Zoning
C
Occupancy
100%
Lease Type
Net
Building Details
Year Built
1990
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
ACRE Expert LLC
Listed By:
Drew Attias · License #Florida
Source:
Crexi
Added: Mar 20
Changed: Aug 8
Last Checked: Aug 8 at 6:41AM
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 ACRE Expert LLC
Investment Insights
Based on property information with market context.
This is a 3,150 sqft medical office building located at 455 Del Prado Blvd SE, Cape Coral, FL 33990, in Lee County. The property is available for sale.
Key Highlights
- 3,150 sqft Medical Office Building
- Located at 455 Del Prado Blvd SE, Cape Coral, FL 33990
- Situated in Lee County
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
$44,580
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
3.13%
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%
$891,600
$891.6K
Cap Rate 7%
$636,857
$636.9K
Cap Rate 9%
$495,333
$495.3K
Market Conditions
NOI Build-Up for 3,150 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
$69.9K $22.20/SF
− Vacancy
−$10.5K −$3.33/SF
EGI
$59.4K $18.87/SF
− OpEx
−$14.9K −$4.72/SF
NOI
$44.6K $14.15/SF
Area
Cape Coral, FL
Vacancy
15.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
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%
$891,600
Cap Rate 7%
$636,857
Cap Rate 9%
$495,333
Alternative Uses
Best Use
Office B
$636.9K
$557.3K – $743.0K
NOI $44,580 @ 7.0% cap · market cap 3.13%
Second Best
Healthcare Medical
$563.3K
$492.9K – $657.2K
NOI $39,429 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$817.3K
$715.2K – $953.6K
NOI $57,214 @ 7.0% cap · market cap 4.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,121
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33990, FL
32,717
Population
15,483
Households
2.1
Avg Household Size
47
Median Age
24%
College-Educated
89%
High-School Grad
9.3 sq mi
ZIP Area
3,518
Density / Sq Mi
$70,278
Median Household Income
$38,588
Median Earnings
$1,643
Median Rent
$330,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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- Dr. Gary Nelson — 920 Country Club Blvd, Cape Coral, FL 33990
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 3,150 sqft medical office building in Cape Coral, Florida.
Where is this medical office space located?
The property is located at 455 Del Prado Blvd SE Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: 3,150 sqft Medical Office Building; Located at 455 Del Prado Blvd SE, Cape Coral, FL 33990; Situated in Lee County
