Veterinary Clinic with Strong
For Sale
Contact for pricing
715 Cape Coral Parkway West, Cape Coral, FL 33914
Leased veterinary hospital offering strong frontage with multiple access points on Cape Coral Parkway W.
Property Size5,500 SF
Price / SF$402.12
Days on Market61
Property Features for 715 Cape Coral Parkway West
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Retail, Office, Special Purpose
Occupancy
100%
Lease Type
Net
Net Operating Income
$138,230
Additional Details
Cap Rate
6.25%
Building Details
Year Built
1995
Buildings
1
Tenancy
Single
Listing Agency:
Northmarq - Chicago
Listed By:
Isaiah Harf · License #IL 471019332
(312) 777-2437
Source:
Crexi
Added: Jul 9
Changed: Aug 24
Last Checked: Sep 5 at 10:49AM
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 Northmarq - Chicago
Investment Insights
Based on property information with market context.
Kindness Animal Hospital is a 5,500-square-foot veterinary asset offered for sale in Cape Coral, Florida. The property is leased to Pathway Vet Alliance LLC and includes seven years of remaining term with 3% annual rent increases. The transaction is underwritten based on current NOI of $138,230 and a stated 6.25% cap rate.
The asset benefits from strong frontage along Cape Coral Parkway W and multiple access points.
This is a single-tenant healthcare-related facility positioned for long-term occupancy based on the remaining lease term and scheduled annual escalations.
The asset benefits from strong frontage along Cape Coral Parkway W and multiple access points.
This is a single-tenant healthcare-related facility positioned for long-term occupancy based on the remaining lease term and scheduled annual escalations.
Key Highlights
- 5,500 SF veterinary hospital built in 1995 at 715 Cape Coral Parkway W, Cape Coral, FL
- Leased to Pathway Vet Alliance LLC with seven years of term remaining
- 3% annual rent increases under the current lease
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
$68,845
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
3.11%
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%
$1,376,900
$1.4M
Cap Rate 7%
$983,500
$983.5K
Cap Rate 9%
$764,944
$764.9K
Market Conditions
NOI Build-Up for 5,500 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
$125.4K $22.80/SF
− Vacancy
−$10.7K −$1.94/SF
EGI
$114.7K $20.86/SF
− OpEx
−$45.9K −$8.34/SF
NOI
$68.8K $12.52/SF
Area
Cape Coral, FL
Vacancy
8.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
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%
$1,376,900
Cap Rate 7%
$983,500
Cap Rate 9%
$764,944
Alternative Uses
Best Use
Healthcare Medical
$983.5K
$860.6K – $1.15M
NOI $68,845 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,898 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,873
Businesses Nearby
Explore this area
Business Placement
Demographics for 33914, FL
42,222
Population
22,936
Households
1.8
Avg Household Size
52
Median Age
28%
College-Educated
95%
High-School Grad
22.4 sq mi
ZIP Area
1,885
Density / Sq Mi
$75,557
Median Household Income
$41,672
Median Earnings
$1,714
Median Rent
$408,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical center - Leased veterinary hospital offering strong frontage with multiple access points on Cape Coral Parkway W.
Where is this medical center located?
The property is located at 715 Cape Coral Parkway West Cape Coral, FL.
What is the asking price?
The asking price for this property is $2,211,680.
What are key features of this property?
This property features: 5,500 SF veterinary hospital built in 1995 at 715 Cape Coral Parkway W, Cape Coral, FL; Leased to Pathway Vet Alliance LLC with seven years of term remaining; 3% annual rent increases under the current lease
