Entertainment Restaurant and Event
For Sale
Contact for pricing
4725 Vincennes Blvd, Cape Coral, FL 33904
Turnkey dining and entertainment venue with multiple bars, performance space, and a fully equipped commercial kitchen.
Property Size15,112 SF
Price / SF$429.79
Days on Market56
Property Features for 4725 Vincennes Blvd
General Information
Standard status
Active
Size
15,112 SF
Class
A
Property subtype
Retail, Business for Sale
Zoning
SC (City of Cape Coral)
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
1968
Year Renovated
2017
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Royal Shell Real Estate
(239) 989-2328
Listed By:
Ronald Delfino · License #SL3258523
Source:
Crexi
Added: Jun 18
Changed: Aug 7
Last Checked: Aug 11 at 4:34PM
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 Royal Shell Real Estate
Investment Insights
Based on property information with market context.
Cape Cabaret is a turnkey entertainment, dining, and private event venue built around live performances and a full-service food and beverage operation. The facility includes three full-service bars, a large performance stage, and professional sound and lighting systems, along with a spacious dance floor and an outdoor bar. For back-of-house operations, the property offers a fully equipped commercial kitchen plus walk-in coolers and freezers. The venue is also set up for private gatherings with flexible seating configurations described as accommodating intimate events of about 25 guests through events of more than 500 attendees.
Located in Cape Coral, the property is presented as an established destination for live entertainment and event business, supported by more than 12 months of entertainment already scheduled. The concept includes a mix of tribute shows, live bands, comedy acts, Motown performances, disco nights, and recurring 70s, 80s, and 90s rock programming, paired with an extensive lunch and dinner menu featuring more than 125 selections.
The offering is positioned as well suited for hospitality operators, entertainment groups, or restaurateurs looking to acquire a landmark entertainment-and-dining platform with an on-site operating infrastructure. The sale is described as including the business, goodwill, and the underlying real estate, along with furniture, fixtures, equipment, and future entertainment bookings.
Located in Cape Coral, the property is presented as an established destination for live entertainment and event business, supported by more than 12 months of entertainment already scheduled. The concept includes a mix of tribute shows, live bands, comedy acts, Motown performances, disco nights, and recurring 70s, 80s, and 90s rock programming, paired with an extensive lunch and dinner menu featuring more than 125 selections.
The offering is positioned as well suited for hospitality operators, entertainment groups, or restaurateurs looking to acquire a landmark entertainment-and-dining platform with an on-site operating infrastructure. The sale is described as including the business, goodwill, and the underlying real estate, along with furniture, fixtures, equipment, and future entertainment bookings.
Key Highlights
- Turnkey Cape Coral dining and entertainment venue built in 1968, offered with the business and underlying real estate (appraised $6.2M).
- Three full‑service bars plus an outdoor bar, with a large performance stage and professional sound and lighting systems.
- Fully equipped commercial kitchen with walk‑in coolers and freezers.
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
$239,918
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
3.69%
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%
$4,798,360
$4.8M
Cap Rate 7%
$3,427,400
$3.4M
Cap Rate 9%
$2,665,756
$2.7M
Market Conditions
NOI Build-Up for 15,112 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
$326.4K $21.60/SF
− Vacancy
−$6.5K −$0.43/SF
EGI
$319.9K $21.17/SF
− OpEx
−$80.0K −$5.29/SF
NOI
$239.9K $15.88/SF
Area
Cape Coral, FL
Vacancy
2.00%
Lease Rate
$21.60 /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%
$4,798,360
Cap Rate 7%
$3,427,400
Cap Rate 9%
$2,665,756
Alternative Uses
Best Use
Specialty Retail
$3.43M
$3.00M – $4.00M
NOI $239,918 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.92M
$3.43M – $4.57M
NOI $274,482 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,552
Businesses Nearby
256k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 39%
Groceries 11%
Home Improvements & Furnishings 6%
Winn-Dixie
Groceries
28,327 visits/mo
0.3 miles
McDonald's
Dining
18,781 visits/mo
0.2 miles
7-Eleven
Shops & Services
18,620 visits/mo
0.3 miles
Culver's
Dining
17,470 visits/mo
0.4 miles
Starbucks
Dining
16,098 visits/mo
0.5 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Night club - Turnkey dining and entertainment venue with multiple bars, performance space, and a fully equipped commercial kitchen.
Where is this night club located?
The property is located at 4725 Vincennes Blvd Cape Coral, FL.
What is the asking price?
The asking price for this property is $6,495,000.
What are key features of this property?
This property features: Turnkey Cape Coral dining and entertainment venue built in 1968, offered with the business and underlying real estate (appraised $6.2M).; Three full‑service bars plus an outdoor bar, with a large performance stage and professional sound and lighting systems.; Fully equipped commercial kitchen with walk‑in coolers and freezers.
