Two-Story Five-Unit Office
4712 SE 15th Ave, Cape Coral, FL 33904
For Sale
$1,995,000
Two-story, five-unit office building bundled with additional adjacent land for flexible site planning.
Property Size5,754 SF
Lot Size0.26 Acres
Days on Market139
Property Features for 4712 SE 15th Ave
General Information
Standard status
Size
Class
Lot size
Property subtype
Additional Details
Office Units
Building Details
Building Size
Stories
Tenancy
Listing Agency:
Commercial Real Estate Services of SWFL, Inc.
Listed By:
Carlos Acosta, CCIM · License FL BK3161197
(239) 823-0115
Source:
Cresswfl
Added: Jun 25
Changed: Nov 8
Last Checked: Nov 10 at 7:53AM
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 Commercial Real Estate Services of SWFL, Inc.
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Investment Insights
Based on property information with market context.
This offering features a two-story, five-unit office building. The property includes an established office configuration designed to support multiple tenants or suites within one structure. In addition, the purchase includes supplemental land parcels that expand the overall site footprint, including a lot adjacent to the deck.
The building is located in the Downtown Cape Coral Redevelopment District. The included land parcels include an approximately 8,800 SF corner lot at the intersection of SE 15th Ave and SE 47th Terrace, along with an additional approximately 2,500 SF lot adjacent to the deck, creating a more flexible development and layout option for the combined site.
For buyers, the combination of a multi-unit office building and added land can be attractive for an owner-operator seeking income-producing office space while controlling the surrounding site, or for an investor looking to pair an operating asset with additional real estate for future planning. The supplemental lots allow for practical options around site use and reconfiguration, supporting different operational and development approaches based on the buyer’s goals.
The building is located in the Downtown Cape Coral Redevelopment District. The included land parcels include an approximately 8,800 SF corner lot at the intersection of SE 15th Ave and SE 47th Terrace, along with an additional approximately 2,500 SF lot adjacent to the deck, creating a more flexible development and layout option for the combined site.
For buyers, the combination of a multi-unit office building and added land can be attractive for an owner-operator seeking income-producing office space while controlling the surrounding site, or for an investor looking to pair an operating asset with additional real estate for future planning. The supplemental lots allow for practical options around site use and reconfiguration, supporting different operational and development approaches based on the buyer’s goals.
Key Highlights
- Two‑story, five‑unit office building in the Downtown Cape Coral Redevelopment District
- Includes an approximately 8,800 SF corner lot at the intersection of SE 15th Ave and SE 47th Terrace
- Also includes an approximately 2,500 SF adjacent lot next to the deck for additional site flexibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,433
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,628,660
$1.6M
Cap Rate 7%
$1,163,329
$1.2M
Cap Rate 9%
$904,811
$904.8K
Market Conditions
NOI Build-Up for 5,754 SF
Gross rent
$127.7K $22.20/SF
− Vacancy
−$19.2K −$3.33/SF
EGI
$108.6K $18.87/SF
− OpEx
−$27.1K −$4.72/SF
NOI
$81.4K $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 Rate 5%
$1,628,660
Cap Rate 7%
$1,163,329
Cap Rate 9%
$904,811
Alternative Uses
Best Use
Office B
$1.16M
$1.02M – $1.36M
NOI $81,433 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,511 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,317
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
Properties on Market for Office buildings in Cape Coral
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two-story, five-unit office building bundled with additional adjacent land for flexible site planning.
Where is this office building located?
The property is located at 4712 SE 15th Ave Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Two‑story, five‑unit office building in the Downtown Cape Coral Redevelopment District; Includes an approximately 8,800 SF corner lot at the intersection of SE 15th Ave and SE 47th Terrace; Also includes an approximately 2,500 SF adjacent lot next to the deck for additional site flexibility
